The State Government has advised that residential households who are not billed directly for their electricity by Synergy or Horizon Power may be eligible for an equivalent credit. product provider, We cannot provide you with personal advice or recommendations, Terms of Use, Disclaimer & Privacy Policy. You can learn more about how we make money. Grants & Subsidies. Skip links and keyboard navigation. "A $600 credit represents for your average household around four months of electricity [and] we expect over 70 per cent of this to be spent opposed to being saved.". Inflation is the decrease in the purchasing power of a currency. Terms and Conditions for these Household Electricity Credit payments are available below. Federal Register :: Credit for Renewable Electricity Production Australian Government energy.gov.au. McGowan Government delivering $600 Household Electricity Credit for WA, Many Synergy and Horizon customers have now received their credit, Residents who are not Synergy or Horizon Power customers need to apply for the $600 credit, Applications for these households open on December 21, 2020, Credit is set to boost household spending, supporting the WA economy and local jobs. This will provide $644 million of financial relief to around 1.1 million Western Australian households. He had an electricity account with Synergy and received the $400 credit. In total, the average WA household will save $663.52, or 10.4 per cent, on the overall household basket of fees and charges in 2020-21. Credit is in addition to the household fees and charges . WA | energy.gov.au We have solutions to help make paying easier. Premier Mark McGowan hoped the credit would lead to increased household spending, to help support the WA economy and local jobs. You can read more on energy-saving tips here. "The good thing is we have avoided that, but we are not out of the woods yet. Bell Group was then pillaged by Bond to prop up the ailing Bond Corp and Bell Group collapsed in April 1991. . The 2022 #StateofHydrogen report is out now. Comments attributed to Energy Minister Bill Johnston: "This Government continues to introduce initiatives that improve energy affordability in WA. total response to $11.2 billion; However, we aim to provide information to enable consumers to understand these issues. "Strong budget management has its rewards, with the surplus allowing us to provide cost of living relief with the $400 Household Electricity Credit to every WA household," premier and treasurer, Mark McGowan, said in a media release. The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Cost of living support factsheet: 26 May 2022 - GOV.UK Under the calculation required by section 45(b)(2), the credit for renewable electricity production for calendar year 2022 under section 45(a) is 2.7 cents per kilowatt hour on the sale of electricity produced from the qualified energy resources of wind, closed-loop biomass, and geothermal energy, and 1.4 cents per kilowatt hour on the sale of . All rights reserved. All rights reserved. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market. Jenny owns and lives in her home. Because Dave can no longer receive the credit from Synergy, he should apply to RevenueWA for the credit.