Millions of Australians are being promised some relief from rising energy bills as part of cost of living measures in Tuesday's federal Budget.
Millions of households will get help with their electricity costs in this year's federal budget, Treasurer Jim Chalmers confirmed.The government plans to pay for the new spending by collecting extra revenue from oil and gas companies.
He said it would be “several” hundred dollars and will differ for residents depending on which states and territories they live in.“It will be several hundred dollars in assistance for people to take some of the sting out of these high electricity bills that they've got,” the Treasurer said. When pressed about the details Mr Chalmers said “people should tune in on Tuesday” when the budget was released.on their annual power bill.
“It will have a number of elements. It will be more than what people have been speculating on and assuming so far.”Government coffers are likely to be bolstered with changes to the Petroleum Resource Rent Tax , to collect more money from oil and gas companies.
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