$250 Power Saving Bonus

    The Victorian Government has already provided one million Victorians with immediate support and helped to drive down the cost of living across the state through the Power Saving Bonus (PBS) program. The program is a once-off $250 payment to all Victorians who seek out a better energy deal on Victoria’s Energy Compare website. If you require extra help, ECCV can also help you access the program. Find out how we can help by referring to the ‘How do I apply?’ section on this page.

     

    Am I eligible?

    From 1 July, the $250 Power Saving Bonus is available to all Victorian households with a residential electricity account, including concession card holders who previously claimed the payment under an earlier phase of the program. To apply for the Bonus, you must be the account holder of your household’s electricity account. The $250 Power Saving Bonus is available until 30 June 2023 and there are no caps on the number of households that can receive the once-off payment, however only one payment can be claimed per household.

     

    What do I need for the application process?

    You will need to provide a copy of your most recent electricity bill. You may be requested to provide additional documentation.

    Frequently Asked Questions

    How many people per household can apply?

    Only one payment is available per household.

    How long does it take to receive the Power Saving Bonus?

    You should receive your $250 payment via Electronic Fund Transfer (EFT) within 2-3 weeks of applying for it. Cheque payments will take a little longer to process, but it should be received within 4 weeks.

    Yes, if you received the $50 Power Saving Bonus and/or the $250 Power Saving Bonus for concession recipients and meet the eligibility requirements of the new $250 Bonus, then your household can apply for the $250 payment.

     

    Privacy

    When applying for the $250 Bonus, you will be asked to provide certain information to confirm your eligibility.

    Your use of Victorian Energy Compare and the Power Saving Bonus is governed by the Victorian Energy Compare website’s privacy statement.

     

    How do I apply?

    ECCV is here to help you apply for the $250 Power Saving Bonus.

    • Call us on 0466 038 261
    • Email us at psb3@eccv.org.au
    • Or click the button below to submit an online enquiry

    As we anticipate high demand for this program, we kindly ask for your patience. We endeavour to respond to all inquiries as soon as practicable. For more information about the Power Saving Bonus, visit www.compare.energy.vic.gov.au.

    How can we help?

    What is the $250 Power Saving Bonus?

    The $250 Power Saving Bonus is a one-off payment to support Victorian households during the coronavirus (COVID-19) pandemic. It is available to all Victorian households.

    Only one Bonus is available per household.

    Proudly supported by the Victorian Government.

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