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Every Australian household and more than one million small businesses will receive $300 off their power bills, as the federal government tries to ease bill shock fuelled by Russia’s invasion of Ukraine. The package is part of cost-of-living measures in Tuesday’s federal budget, with the government planning to spend $3.5 billion in the 2024/25 financial year. The $300 rebates will apply to more than 10 million households over the course of 2024/25.
“We know Australian families and businesses felt this pain, and that’s why we’ve stepped in to help. “Electricity prices would have risen 15 per cent in the last year if not for our efforts, instead they rose two per cent.” Eligible small businesses will also get slightly more relief, with $325 to be taken off their bills over the course of a year.
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