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May 15 2024

Energy Retailers Stand Ready to Deliver Bill Relief

Energy retailers are ready to work with the Federal Government to ensure the smooth rollout the bill relief announced in the budget, the peak body for electricity retailers, the Australian Energy Council (AEC), said today.

The AEC’s interim Chief Executive, Ben Barnes, said “This bill relief will be welcome news for households and small businesses that have been struggling with prolonged cost of living pressures.”

The Federal Government has announced households will receive $300 and small business $325 next financial year, paid in quarterly instalments.

“In this high-cost environment, getting assistance directly to customers via their power bills is the most effective way for the Government to make a difference,” Mr Barnes said. 

“This quarterly rebate should ease some of the pressures on households, but customers should be aware that their energy provider also has a range of support options available for those having difficulty paying their energy bills. If you need further help, contact your retailer as early as possible to get the support you need.” 

The AEC also acknowledged other budget measures to support consumer energy resources (CER) and changes to help consumers switch to better energy deals, while noting that there was more work and detail required .

Mr Barnes said the CER budget support was an important commitment designed to enable a greater role for CER in a decentralised energy system.

“The AEC is committed to collaborating with government and other energy stakeholders to deliver solutions that will see consumers and the grid benefit from Australia’s high penetration of rooftop solar and batteries.”   

About the Australian Energy Council 

The Australian Energy Council is the peak industry body for electricity and downstream natural gas businesses operating in the competitive wholesale and retail energy markets. AEC members generate and sell energy to 10 million homes and businesses and are major investors in renewable energy generation. The AEC supports reaching net-zero by 2050 as well as a 55 per cent emissions reduction target by 2035 and is committed to delivering the energy transition for the benefit of consumers. 

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