Miles government delivers $1,000 for Queensland households

Published Thursday, 02 May, 2024 at 07:41 AM


The Honourable Steven Miles

Deputy Premier, Treasurer and Minister for Trade and Investment
The Honourable Cameron Dick

  • Miles Labor Government will help Queenslanders with the cost of living through a $1000 credit on their energy bills.
  • It is the biggest cost of living initiative by a state government ever.
  • The $1,000 payment will be made on energy bills this year.
  • These direct savings for households are made possible because the government has made multinational coal mining companies pay their fair share with progressive coal royalties.

New Premier Steven Miles has announced all Queensland households will receive a $1,000 rebate on their electricity bills from July this year.  

This nearly doubles the $550 electricity rebate that was paid to households this financial year.

The direct return to households recognises the increased pressure on household budgets as a result of growing everyday expenses like mortgage repayments, rent, groceries and fuel.

Eligible seniors, pensioners and concession card holders will receive $1,372 off their power bills.

Queensland Government funded support of $325 off power bills will continue for small businesses.

Upfront $1,000 rebates will be applied to households bills from July, meaning most Queenslanders will not pay a single cent on their first power bill of the next financial year and many won’t pay another bill until 2025.

A special appropriation bill will be introduced to bring forward the payment.

Recent data from the ABS shows that the $550 electricity rebates have lowered electricity bills by 9.5%, contributed to inflation in Queensland being lower than the national average and power bills remaining lower than under the LNP.  

Queensland already has the lowest energy bills on the east coast of Australia, as outlined in the ABS data and reported by Canstar Blue.

The $1,000 rebate will nearly halve the average yearly household power bill in Queensland for 2024-25.

Quotes attributable to Queensland Premier Steven Miles:

“Queenslanders tell me that inflation and rising mortgage payments, rents and grocery prices are their biggest concern.

“I said we would use the budget to deliver cost of living relief but I’ve decided its too urgent to wait that long.

“We are delivering the biggest cost of living relief package in Queensland history to back Queenslanders in the fight against inflation.

“The budget will include $1,000 off every Queensland household’s power bill – the biggest direct energy rebate to Queensland households, ever.

"These rebates will be applied to bills in the first quarter of the next financial year (2024-25).

“This follows the success of the current $550 rebate provided to households this year, which has helped lower electricity bills by 9.5 per cent and bring down inflation.

“A lower energy bill puts more money back in the pockets of Queenslanders.”

Quotes attributable to Deputy Premier and Treasurer Cameron Dick:

“Every single Queensland household will get $1,000 off their energy bills in the second half of this year.

“That’s the biggest ever rebate offered by any government in Australia’s history and is expected to save Queenslanders more than $2.5 billion.

"This relief will go a long way to helping Queensland families make ends meet.

“Our investment back into the people of this state is only possible because the Miles Labor Government is collecting Queensland’s fair share of coal royalties from multinational mining companies.

“All of that is at risk under an LNP Government come October.

“David Crisafulli’s plan to cut revenue and debt means he will not be able to deliver rebates like these. 

"That’s why we are delivering these record rebates upfront, so they cannot be undone by a future LNP Government.

“Rather than owning our assets, the LNP want us to hurtle towards an expensive, privatised and uncertain nuclear future with higher prices and dividends going offshore, rather than back to Queenslanders.”