Federal budget 2024: Changes to power bills, rent relief for Aussies

Energy bill relief for every household

Every household in Australia is reportedly set to get an energy bill rebate as part of the 2024-2025 Federal Budget.

The changes, confirmed by the ABC, come amid an increased focus on cost of living pressures being experienced by Aussies across the country.

One million small businesses will also be able to claim the rebate.

The exact figures for the relief package are yet to be announced, but last year’s Budget included up to $500 off for eligible families, with that increasing to $650 for small businesses.

However, the $500 rebate was only available to concession card holders, pensioners and veterans.

This comes amid hints from the Labor government that energy bill relief would be a continuing feature of this year’s Budget.

“Our government understands that for small business – as for Australian families – energy bills remain a source of financial pressure,” Prime Minister Anthony Albanese said last month.

He said that small businesses and families would be “front and centre in our thinking” when finalising this year’s announcement.