Skip to content
Energy, Federal Budget

Our thoughts on the Government’s $300 power rebate

Adrian Merrick, Founder of Energy Locals < 1 mins read

Last week’s Federal Budget brought with it some interesting news: starting July 1, 2024, every Australian household will enjoy a $300 rebate on their energy bills, which we’ll automatically apply to reduce your costs. At Energy Locals, we’re thrilled to see Australians receiving a bit of financial breathing room after the heavy cost-of-living pressures we've all faced.

However, we question whether this rebate truly tackles the root causes of high energy prices. Most of the rises in Australia’s energy costs in the past few years stem from higher wholesale power costs. Power station operators, which includes the ‘big 3’ energy retailers, often cite global events, such as the Ukraine conflict, as reasons for rising prices. In reality, these events had minimal direct impact on local energy production, yet they hiked prices to match global rates, squeezing Australian consumers.

In response, the Government implemented price caps, which did have a a modestly positive impact but which taxpayers have paid for. Could policy-makers have done more? We think so.

The current rebate, although beneficial, involves redistributing $3.5 billion more taxpayer money. While we appreciate the extra cash in Aussies’ wallets, instead of temporary financial relief we advocate for fundamental changes on how wholesale energy prices are set to ensure ongoing fair pricing for everyone.

Adrian Merrick is the founder of Energy Locals, a leading provider of sustainable and affordable energy solutions in Australia, and is available for additional comments or features. If interested, please reach out to


About us:

For more information on Energy Locals, visit

More from this category

  • Energy, Union
  • 18/06/2024
  • 06:30

Endeavour Energy workers step up industrial action

MEDIA ALERT | Tuesday, 18 June 2024 Hundreds of NSW Electrical Trade Union members will rally outside Endeavour Energy’s Parramatta headquarters on Tuesday to demand a fair pay deal. Who: ETU members and ETU NSW/ACT Secretary Allen Hicks When: 10.30am, Tuesday, 18 June 2024 Where: 8 Parramatta Square, Parramatta Contact: Georgie Moore 0477 779 928 It follows 96% of members last month voting in favour of escalating protected industrial action until the electricity distributor comes to the table with an offer that keeps up with massive cost of living increases. ETU NSW/ACT Secretary Allen Hicks said: “Endeavour Energy is trying…

  • Energy
  • 17/06/2024
  • 23:22

Cognite Atlas AI(TM) Delivers Specialized Industrial Agents, Virtual Employees Tailored to Provide Domain-Specific Insights and Automate Complex Industrial Tasks

 Cognite Atlas AI enables low-code development of AI agents that increase the accuracy of industrial AI, accelerate efficiencies, and drive business impact AUSTIN, Texas…

  • Contains:
  • Energy, General News
  • 17/06/2024
  • 06:00
RE-Alliance and Community Power Agency

‘Let’s get on with it’: Regions want real solutions, not politics

June 17, 2024 Australia needs bipartisan support for a plan to help regional communities to work with and benefit from renewable energy infrastructure in regional Australia. RE-Alliance and Community Power Agency have been working for more than a decade with regional communities hosting large-scale renewable energy projects and have solutions ready to fund that have come from regional communities. RE-Alliance National Director Andrew Bray said the current discussion over Australia's energy policy highlights how vital it is to listen to regional communities in our shift to a cleaner future. Mr Bray said 40% of Australia’s electricity was already generated by…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.