Small businesses in Australia are set to receive a much-needed boost from the Australian Government, thanks to the 2024-25 Federal Budget. The government has allocated $3.5 billion to extend and expand the Energy Bill Relief Fund, providing essential support to small businesses facing rising energy costs. But what does this mean for your business?
Understanding the Energy Bill Relief Fund
The Energy Bill Relief Fund offers energy bill rebates to help ease the financial burden on small business owners. In the 2024-25 fiscal year, eligible small businesses will receive $325 from the Australian Government. This relief will be distributed in quarterly instalments directly through your energy bills.
Who Is Eligible for the Energy Bill Rebate?
Eligibility for this rebate is determined by your state or territory’s definition of an electricity ‘small customer,’ which is primarily based on your annual electricity consumption. Small businesses that fall below the specified consumption thresholds will automatically receive the rebate on their energy bills—no extra paperwork or follow-ups required.
For those whose energy consumption exceeds these thresholds, unfortunately, the rebate will not apply.
How the Energy Bill Relief Fund Works in Your State
The administration of these rebates will be handled by state and territory governments, delivered seamlessly through energy retailers. Here’s how it works across different regions:
What Should Your Business Do Next?
If you’re concerned about high energy bills, now is the perfect time to take action. At CheckYourBill, we offer a free energy bill comparison service for businesses spending less than $2,500 a month on energy. Our experts will find you the best plan, and if we identify savings, we’ll handle the switch for you instantly.
For businesses with monthly energy bills exceeding $2,500, our Commercial & Industrial Team Energy Consultants can provide a detailed energy tender and secure the most competitive rates from our network of suppliers.
Get Started Today
Don’t let rising energy costs impact your business. Take advantage of the government’s energy bill relief and ensure you’re on the best possible plan. Simply fill out the contact form below to get started.
Maximize Your Energy Savings: Stay informed about the latest government support and compare your energy plans to ensure your business remains competitive and energy-efficient.
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