Last updated on 18th December 2020

Federal budget could affect energy bills of 4 million Aussies. Here’s how

Do you know what’s really driving up the cost of your bill?

Nearly 4 million Aussies are poised to get a cash infusion towards their energy bills, thanks to the 2019-2020 Federal Budget. But is this bonus going to make a lasting difference or is it little more than an election-year ploy?

The Energy Assistance Payment (EAP) is a one-off payment of $75 for eligible singles and $125 for eligible couples. It is intended to ease the pain of skyrocketing energy bills, particularly for those on a low income.

But for those who aren’t eligible—or if the EAP isn’t enough to make a dent in the bills—there’s another option. Electricity and Gas offers a free comparison service to all Aussies, and it could slash hundreds off your next energy bill.  

Here’s How You Do It:

Step 1: Select your State below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

It’s no secret that the cost of energy in Australia is out of control. After all, the government wouldn’t be setting aside $285 million in the latest budget if energy bills were affordable. 

Critics of the plan argue that the EAP is merely a way for politicians to attract votes, not to reduce bills in the long term. However, Aussie households have the power to do more. To slash energy bills quickly, turn to Electricity and Gas.

The service makes it easy to find a great deal on energy. Enter a few simple details and in minutes you’ll receive an instant quote on prices in your area. Aussies love it because it’s easy to see how much you can save, and only takes minutes.

Many Australians don’t realise that they have the right to switch to a better energy deal. With Electricity and Gas, you don’t have to do it alone, either. They’ll help you through the process of making the switch to a better plan from start to finish.

Use the comparison tool to get a quick snapshot on energy prices and plans in your area, so you have the information you need to start saving money.

If you’re eligible for the Energy Assistance Program, your one-off payment should be automatically issued before the end of the 2018-19 financial year. Recipients of the following payments should be eligible for the EAP:

  • Age Pension
  • Disability Support Pension
  • Carer Payment
  • Parenting Payment Single recipients
  • Veterans and dependants receiving eligible payments
  • Newstart

When you’re feeling the pinch of high energy bills, every little bit counts. With Electricity and Gas, you don’t have to wait for the government to make a decision in your favour.

Get started today and see how much you could save.

This article is opinion only and should not be taken as medical or financial advice. Check with a financial professional before making any decisions.