Key Takeaways of Energy Bill Relief for QLD Businesses
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Energy Bill Relief for Small Businesses in QLD
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The Queensland Government’s Energy Bill Relief Fund provides a $650 rebate to eligible SMEs, automatically applied in quarterly instalments to help manage rising energy prices in QLD effectively.
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Who Is Eligible for Energy Bill Relief in QLD?
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Eligibility for the QLD energy bill relief includes businesses based in Queensland, on a separately metered business tariff, and consuming less than 100 MWh of electricity per year.
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When Will You Get the Energy Rebates in Queensland?
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Eligible businesses will automatically receive the bill relief from 1 July 2023 in quarterly instalments of $162.50, with the schedule varying by retailer. Mid-year qualifiers will receive all subsequent rebates for the year.
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Are Those in an Embedded Network Eligible?
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Small businesses in embedded networks in Queensland may be eligible for the rebate if they meet specific criteria, including being based in Queensland, having a separate meter, consuming less than 100 MWh annually, and having an active account as of 1 July 2023.
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In Queensland (QLD), where the average quarterly electricity bill for small businesses hits $1,117, managing energy costs is a critical challenge. This expense varies widely across sectors, with manufacturing leading in energy consumption, followed closely by mining. However, there’s a silver lining for businesses in QLD: the Energy Bill Relief Fund offers a $650 rebate to eligible small businesses.
Energy Bill Relief for Small Businesses in QLD
The Queensland Government offers an energy bill relief program for qualifying businesses. Eligible small and medium-sized enterprises (SMEs) will receive $650 in relief, automatically credited to their electricity accounts in quarterly instalments beginning 1 July 2023. Should your business qualify mid-year, you will still be entitled to all subsequent quarterly credits for the remainder of the fiscal year.
Who Is Eligible for Energy Bill Relief in QLD?
You are eligible for the energy bill relief in QLD if your SME is:
- Queensland-based business
- on a separately metered business tariff
- consuming less than 100 MWh of electricity per year
Your business will not qualify for the energy bill relief if it operates using residential electricity or its annual electricity usage exceeds the threshold of 100 MWh.
When Will You Get the Energy Rebates in Queensland?
Eligible businesses will see the bill relief automatically applied by their electricity provider to their accounts starting 1 July 2023, directly reducing upcoming bill amounts. No action is required from you to initiate this process.
Typically, the relief will be distributed in quarterly instalments of $162.50, beginning from 1 July 2023. The precise schedule may vary based on your electricity retailer’s system capabilities and your specific billing cycle.
Should your business qualify for the bill relief midway through 2023-24, rest assured that you’ll receive all subsequent quarterly rebates for the year’s remainder.
Are Those in an Embedded Network Eligible?
If you’re running a small business in an embedded network, such as those retail shops in a shopping centre, you may still be eligible for energy rebates in Queensland. To qualify, your business should:
Be based and operating within Queensland.
Have a separate electricity meter and be billed by the embedded network operator or a billing service provider.
Use less than 100 MWh of electricity annually.
Have maintained an active electricity account with the embedded network operator or billing service provider as of 1 July 2023.
If you’re eligible, your embedded network operator or billing service provider will credit the rebate directly to your electricity bill. There’s no action required on your part to receive this one-time payment of $650.
Final Note
If you want to find out more about how the energy bill relief in QLD works, visit the Queensland Government website. Be sure to maximise financial aid for your small businesses, in order to manage the rising energy prices in QLD.
For more posts about financial support, grants and solutions that can help your small business manage overhead costs & cash flow more effectively or fund your growth ambitions, don’t hesitate to check out our blog. You can also speak to our lending experts at darkhorsefinancial.com.au for specific business financing solutions.
