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Millions of Aussies getting $250 cash payment

Victorian households will be eligible for a $250 Power Saving Bonus, as the scheme returns.

Young people walking through city in Australia. Australian money notes. Payment concept.
Victorians will be eligible for a $250 cost-of-living payment in the coming weeks. (Source: Getty)

Millions of Victorian households will be eligible for a $250 cost-of-living payment, as the Power Saving Bonus scheme returns for another round.

From March 24, the $250 payment will be available to any household that visits the Victorian Energy Compare website. This includes households that visited the website in previous rounds of the scheme.

The new round of payments was part of the Labor government’s election promise and has now been confirmed.

“We know Victorians are doing it tough with the rising cost of energy – that’s why we’ll have a new round of the $250 Power Saving Bonus, putting money in families’ pockets and making sure they’re on the best deal,” Premier Daniel Andrews said.

More than 1.7 million households have already received the $250 payment since the current round launched on July 1, 2022.

The Victorian government has also launched an Energy Assistance program, where Aussies experiencing hardship can access free one-on-one assistance with their bills. This includes help applying for eligible grants and concessions, and switching to better energy deals.

How can I get the $250 payment?

Victorian households can apply for the $250 payment from March 24. Households need to visit the Victorian Energy Compare website or call 1800 000 832.

All Victorian households can apply for the payment, including any households that received a payment through the current round.

If you haven’t applied for the current round, you can also submit an application through the website until midnight on March 23.

To be eligible, you need to have a recent residential electricity bill, be the account holder for that bill, and visit the Victorian Energy Compare website or engage with a participating community-outreach partner.

The payments are made to your nominated bank account and should be received within three-15 business days of a successful submission for electronic transfers.

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