The Victorian Budget 2019/20 will deliver on the Victorian Government’s positive plan for solar, investing $1.3 billion over the next 10 years, on top of the $74 million already provided.
Rebates for solar panels
This includes offering rebates for the cost of solar panels, solar hot water systems or battery for 770,000 homes around Victoria over the next decade. The program has been expanded to renters, and funding will be provided for training, safety and quality audits to ensure the safety and sustainability of the rollout.
Extending the Power Saving Bonus
To make sure Victorians are getting the best possible deal on their electricity bills, we will extend the existing Power Saving Bonus to 30 June 2020, providing a $50 payment to households that use Victorian Energy to search for the cheapest electricity deal.
Energy Fairness Plan
The Budget also includes $27.3 million to deliver fairer energy regulation, including the Government's Energy Fairness Plan, the biggest regulatory shake-up of the energy sector in Victoria’s history.
This plan will ensure Victorians get a fairer deal on their energy needs, introducing stronger protections for consumers and tougher penalties for retailers who do the wrong thing.
A fourth Essential Services will also be appointed – an energy cop on the beat – whose focus will be on prosecuting misbehaving energy retailers who’ve had it too easy for too long.
Reviewed 27 May 2019