The WA $700 Electricity Credit is available to households who meet some status requirements on 17 June 2024 and $725 is provided to small eligible businesses under this financial support. The second instalment of $350 for households and $362.50 will be credited in December.
Providers will send Synergy or Horizon Power customers their second instalment on 7 December. Others on embedded or third-party network households and businesses need to apply by the application period deadline, which is 30 November, while Synergy or Horizon Power customers will automatically receive their credit amount.
WA $700 Electricity Credit
The WA $700 Electricity Credit is a financial relief payment specifically designed for Western Australian households to cover electricity costs easily. The applications for this credit are available until 30 November 2024. This relief amount is based on two different parts, one from the State Government and one from the Commonwealth Government.
- $400 from the State Government: The state government is providing $400 financial support as a part of the 2024-25 cost-of-living budget measures.
- $300 from the Commonwealth Government: The Commonwealth Government is providing $300 under the Energy Bill Relief Scheme.
WA $700 Electricity Credit was decided to be issued in two instalments. The first instalment of $350 of this credit was issued in July and the second will be provided in December. This credit amount is not only available for households, it also assists small businesses with a total of $725, two equal instalments of $362.50.
WA $700 Electricity Credit Eligibility Criteria
The eligibility criteria for the valuable financial assistance known as WA $700 Electricity Credit is crucial to understand because it determines whether you can apply or not and whether you will receive a second instalment or not. You are eligible if on 17 July 2024, you were:
- Paying your electricity costs as a tenant or an owner-occupier.
- Your property was a self-contained dwelling which was utilised as the legal living place including granny flats and dual key properties.
- Households with Synergy or Horizon Power are automatically provided this credit amount.
- Households that were not connected to the grid and utilised their infrastructure to generate electricity are also qualified.
- If you were invoiced by a third party for the electricity you use or your electricity was supplied through a sub-metering arrangement, embedded network, or on-supply arrangements.
- Those on embedded or third-party networks need to apply directly through RevenueWA to get this credit.
How much will WA Electricity Credit provide?
The WA Electricity Credit is crucial because it eases the burden of electricity costs for households and small businesses. Households are eligible to get almost $700 through this financial assistance and small businesses are qualified for $725 in two equal instalments.
For Households
- Western Australian households are eligible to get $400 from the state government as a part of the 2024-25 budget and $300 from the Commonwealth Government through the Energy Bill Relief scheme.
For Small Business
- The $725 WA Electricity Credit is provided to small businesses with annual electricity consumption below 50 megawatt hours. This also includes $400 from the state government and $325 from the Commonwealth Government.
When will I receive my WA $700 Electricity Credit?
The payout date of the WA $700 Electricity Credit is important to know because you can easily manage your budget according to your pocket size. So check the timeline of the first and second instalments of this credit. The first instalment of $350 for households and $362.50 for small businesses has been issued in July and the second one will be distributed among them in December 2024.
This amount alleviates the financial stress for both households and small businesses. For the Synergy or Horizon Power customer, the second instalment amount will be credited automatically through providers on 7 December 2024.
If Synergy or Horizon Power customers had opened their accounts after 17 June but before 18 November then they are only eligible for a second instalment. You can contact Contact Synergy on 13 13 53 and Horizon Power on 1800 267 926 to get informed details about your WA Electricity Credit payment.
How can I get WA $700 Electricity Credit?
If you want to apply for the WA $700 Electricity Credit then follow below given steps.
- Individuals have to go to the official website of RevenueWA accessible at https://www.wa.gov.au/government/publications/household-electricity-credit.
- Check for the application form which can be utilised to apply for WA $700 Electricity Credit.
- After finding and reading all the given instructions, provide your details such as proof of your electricity costs, residential status, a copy of the lease agreement in case of a tenant, a bank statement for the nominated accounts, identification documents, etc.
- Submit this form before 30 November after double-checking all the given information and documents because no requirement needs to be fulfilled.
- After submission, RevenueWA will process your application, which can take six weeks. The payment will be issued on a first-come, first-served basis, so apply fast, as there is limited time left.
