Amid rising electricity prices and ongoing cost-of-living pressures, Australians—especially in Western Australia—are set to benefit from a $700 to $750 electricity credit rolling out this week.
This timely support from the government aims to ease household financial strain during high-usage periods.
Let’s break down the eligibility, payment process, and how to claim this benefit.
What Is the $700–$750 Cost of Living Relief?
The $700–$750 Cost of Living payment is a government-issued credit applied directly to electricity bills to support Australian residents, particularly in WA (Western Australia). It is split into two instalments:
- One during the coldest months
- One during the hottest months
This method ensures maximum impact when households face the highest electricity usage.
Key Facts at a Glance
| Aspect | Details |
|---|---|
| Total Credit Amount | $700–$750 |
| Location | Western Australia |
| Installments | 2 (Cold & Hot weather months) |
| Automatic for Synergy/Horizon | Yes |
| Application Required for Others | Yes (via Revenue WA or Small Business Development Corporation) |
| Target Group | Residential households and eligible small businesses |
| Purpose | Offset rising energy bills and ease inflation burden |
Who Is Eligible for the $700–$750 Payment?
Eligibility is quite inclusive, with automatic credit for most residents and businesses:
- Residential customers in WA automatically receive the benefit if their account is with Synergy or Horizon Power.
- Over 90,000 small businesses are also included, though business-specific criteria are still being finalized.
- Households with other electricity retailers may need to apply manually.
No income test is required. If you’re a WA resident with an active residential electricity account, you’re likely covered.
How to Claim the $700–$750 Credit
There are two pathways to claim the benefit, depending on your electricity provider:
1. Automatic Credit:
- If you’re with Synergy or Horizon Power, no action is needed.
- The credit will appear in two instalments directly on your electricity bill.
2. Manual Claim:
- For users with other providers, you must apply via Revenue WA or the Small Business Development Corporation.
- Applications are expected to open by July 2025.
Stay alert for official updates to ensure you don’t miss the deadline.
Additional Tips to Maximise Savings
While this credit is helpful, you can further reduce energy bills by:
- Booking a home energy audit to identify and eliminate energy waste.
- Switching to high-efficiency appliances with better star ratings.
- Comparing electricity providers to find better rates and rebates.
The $700–$750 Cost of Living payment is a timely government initiative targeting electricity relief for Western Australians. With inflation continuing to affect household expenses, this support can significantly ease your monthly budget.
If you’re a Synergy or Horizon Power customer, simply wait for the credits. If you’re with another provider, prepare to apply in July. For small businesses, monitor updates from Revenue WA and related agencies.
Stay informed and make the most of this opportunity to reduce your energy bills while managing the broader cost of living.
FAQs
Will every household in Australia get the $700–$750 cost of living credit?
No, this support is exclusive to residents in Western Australia with an active electricity account.
Do I need to apply for the credit if I’m with Synergy or Horizon?
No. The credit is automatically applied to your bill in two instalments.
When will the payments be made?
Exact dates are not confirmed but are expected during peak usage months—one in winter, the other in summer.