Published on October 10, 2017 3:06 am, by Jen Bakker
The cost of electricity and gas has risen significantly in recent years, and by about 20-30% in the last twelve months. The media attention this issue has been given has provided the motivation for people to talk more and compare prices, however by not shopping around, 70% of us are still paying 20% more than we need to for our electricity.
Electricity and gas retailers talk about rising wholesale prices and while there is truth in that, it is only one side of the story as the retailers continue to report huge profits.
MoneyBrilliant’s Bill Watch feature has been designed to help you find the lowest cost electricity and gas plans for your usage in your area. This is a good first step to decreasing your energy bills.
For customers who meet certain criteria, most typically pensioners and low-income earners, there are further concessions you can apply for. These vary state by state and are set by the state government.
In Queensland, pensioners and seniors may apply and be eligible for the following rebates:
• Electricity Rebate $340.85 per year (including GST)
• Reticulate Natural Gas Rebate – $71.30 per year (including GST)
To apply you need to be the account holder, and live alone or share your home with your spouse, dependents, and/or others whom also fit the eligibility criteria for the rebate.
To be eligible you will need to meet one of the following criteria:
• Pensioner Concession Card
• Department of Veteran Affairs Gold Card
• QLD Seniors Card
• Commonwealth Health Care Card (electricity only)
• Asylum seeker status (electricity only)
You should contact your electricity or gas retailer to apply. You may be able to do so over the phone, or need to complete an application and supply confirmation of your circumstances.
For further information read here:
Jen is an experienced banking professional who loves wine, coffee, finding a bargain and of course her three beautiful children. Since Jen's first budget led her to buy a home at 20, Jen has passionately helped others to make better decisions with their money.