Small businesses across Australia are set to receive a significant boost, thanks to the Australian Government’s 2024-25 Federal Budget. The government has allocated $3.5 billion to extend and expand the Energy Bill Relief Fund, offering vital support to businesses grappling with rising energy costs. But what does this mean for your business, and how can you make the most of it?
Understanding the Energy Bill Relief Fund: A Lifeline for Small Businesses
The Energy Bill Relief Fund provides essential rebates to help reduce the financial burden of rising energy costs for small business owners. In the 2024-25 fiscal year, eligible small businesses will receive a $325 rebate from the Australian Government, distributed in quarterly instalments directly through their energy bills.
Who Is Eligible for the Energy Bill Rebate?
Eligibility for this rebate depends on your state or territory’s definition of an electricity ‘small customer,’ which primarily hinges on your annual electricity consumption. Small businesses that fall below the specified consumption thresholds will automatically receive the rebate on their energy bills—no additional paperwork or follow-up required.
Unfortunately, businesses whose energy consumption exceeds these thresholds won’t qualify for the rebate. However, there are still ways to optimize your energy costs.
How the Energy Bill Relief Fund Works in Your State
The administration of these rebates is handled by state and territory governments and delivered seamlessly through energy retailers. Here’s how it works across different regions:
- New South Wales, Queensland, South Australia: The rebates will appear automatically on your energy bills from July 2024.
- Victoria: The Victorian government will provide an equivalent rebate through the Victorian Default Offer.
- Western Australia, Tasmania, Northern Territory, ACT: Similar rebates will be applied according to local state or territory government guidelines.
What Should Your Business Do Next? Flipr’s Expert Advice
If you’re concerned about high energy bills, now is the perfect time to take action. Here’s how Flipr can help you maximize your savings:
1. Free Energy Bill Comparison for Small Businesses
At Flipr, we offer a free energy bill comparison service for businesses spending less than $2,500 a month on energy. Our experts will identify the most competitive plan for your business, and if we find savings, we’ll handle the switch for you instantly.
2. Tailored Solutions for Larger Energy Consumers
For businesses with monthly energy bills exceeding $2,500, our Commercial & Industrial Team Energy Consultants will conduct a detailed energy tender and secure the best rates from our extensive network of suppliers.
3. Stay Updated on Government Support
Flipr keeps you informed about the latest government support initiatives, like the Energy Bill Relief Fund, so you can take full advantage of available rebates and incentives.
Get Started Today: Maximize Your Energy Savings with Flipr
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 energy plan. Simply fill out the contact form below to get started with Flipr.
Maximize Your Energy Efficiency
Stay informed about the latest government support and compare your energy plans regularly with Flipr to keep your business competitive and energy-efficient.
