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Energy rebates for business as part of the State Budget

Minister for Energy Hon Guy Barnett has provided details of bill relief for 38,000 small businesses designed to offset increasing energy prices, which are due in the next five weeks. This is in addition to ongoing moves to encourage small businesses to invest in more energy efficient infrastructure through the low interest loan scheme, which will also assist in putting downward pressure on energy bills and increase profitability for those businesses that are able to take up the opportunity. As part of this, the Tasmanian Government has partnered with the Australian Government to provide electricity bill rebates to small businesses.Over two rebates, small businesses will receive $650 of support during the 2023-24 financial year. The rebates will be automatically applied to bills by electricity retailers from 1 July 2023.If you are a small business in Tasmania that consumes less than 150 MWh of electricity a year, you can expect to see the following rebates applied to your electricity bills:

  • $325 rebate in the September quarter 2023
  • $325 rebate in the June quarter of 2024.

If you believe your business is eligible (based on your annual electricity consumption) and you do not receive the rebate in the quarterly bills described above, please contact your electricity retailer.Further information, including for embedded network customers, is available on the Renewables, Climate and Future Industries Tasmania (RecFIT) website.Large business customersFor large business, often referred to as commercial and industrial (C&I) business customers, that have entered fixed-priced contracted electricity agreements over 2022 and early 2023 and may be paying higher prices for their electricity, the Tasmanian Government is offering a one-off payment of up to $20,000 to eligible businesses. Read more about the program and apply herebefore the program closes at 5:00 pm, Monday 31 July 2023.

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