World News – AU – Every WA household will receive a $ 600 credit on their electric bill

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McGowan’s Labor government is giving every household in Western Australia a one-time credit of $ 600 on their residential electricity bill as part of the 2020-21 State Budget

For the first time in history, effective as of today approximately 11 million Synergy and Horizon Power customers will receive a one-time credit of $ 600, which is expected to provide the average WA household with approximately four months. not having to pay your electricity bills

The credit was funded by the recent Bell Group settlement for losses incurred during the Bell Group collapse in the early 1990s

The $ 600 electricity credit will allow the McGowan government to put $ 644 million back into the pockets of households in Western Australia, significantly boosting our local economy

$ 10 million of the remaining Bell Group settlement funds were kept by the WA Insurance Commission for legal fees, insurance and other associated costs to end the long-standing legal dispute

With the $ 600 credit, the average Western Australian household can expect a total savings of $ 663.52, or a one-time reduction of 104 percent, on their cleaning fees and charges this year

It builds on other household support and relief measures already announced as part of the McGowan government’s over $ 5 funding WA’s $ 5 billion recovery plan, including the $ 610 provided to customers eligible for energy assistance payment

The WA stimulus package also called for a freeze on increases in electricity and water prices, motor vehicle charges and public transport fares, and a reduction in the tax on public transport services. emergency, wastewater and drainage costs by passing on the benefit of lower gross rental values

Today’s announcement also complements the one-time $ 2,500 energy credit given to small businesses and charities that consume less than 50 megawatt hours per year, as part of WA’s stimulus package

« Our strong and stable fiscal management has given us the ability to use these funds in the best possible way and at the right time for our economy

« Providing relief and support to all households in Western Australia is an important part of our jobs and recovery plan

« The credit will be rolled out by the end of the year, ensuring families have that extra capacity to spend and support our economy before Christmas

“While a portion of this will be saved by households, the majority is expected to be spent in our local economy, meaning that local businesses that have been particularly affected by COVID-19, including sectors of retail and hospitality, will benefit the most

« By generating additional spending in the local economy, we are supporting local jobs and we can ensure that we recover from the pandemic stronger than ever »

« As Treasurer, I am happy to have helped put an end to the long Bell Group saga and return these funds to the taxpayers of WA

« Using these funds for the benefit of all Western Australians, especially at a time when we face the impacts of COVID-19, is most appropriate

« The USD 600 credit is expected to significantly boost the economy and support employment, giving further impetus to the recovery already underway in Western Australia

« The WA Household Electricity Credit aims to provide relief and support to WA households when they need it most, and I am happy as a government that we were able to do so

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« We have already frozen fees and charges as part of the WA stimulus package which has benefited households as we juggle the pandemic and now this additional credit will go even further to help WA households »

Western Australia, Mark McGowan, Ben Wyatt

World news – AU – Every WA household will receive a $ 600 credit on their electricity bill


SOURCE: https://www.w24news.com

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