Energy rebates are here to stay

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But out-of-pocket household electricity expenses could increase by 47 per cent on average nationally between October 2024 and September 2025 as state and federal government assistance expires, according to analysis by The Australian Financial Review of Westpac electricity price forecasts.

The Albanese government is aware of the electoral implications of not extending the $300 electricity bill subsidy, which expires in mid-2025. Both Dr Chalmers and Finance Minister Katy Gallagher have hinted that they will provide further household support in the lead-up to the next federal election, due by May 2025.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.