Overview

• The Albanese government will provide an additional $150 energy rebate for households and one million small businesses, starting July 1, 2025.
• This measure is part of a $1.8 billion cost-of-living package included in the upcoming federal budget, which is expected to return to deficit after two years of surpluses.
• Treasury projects the rebate will reduce household electricity bills by 7.5% on average and lower headline inflation by half a percentage point in 2025.
• The Coalition has matched Labor’s rebate but criticized the government’s renewables-focused energy policy, advocating for nuclear power as a long-term solution.
• The federal election is expected to be called within weeks, with energy policy and cost-of-living relief forming central themes of Labor’s re-election strategy.