If you’re charging an electric vehicle at home with off-peak power, you’ll be surprised how far $250 will take you.
A Victorian Government energy ‘bill buster’ scheme, to help reduce cost of living for all households, comes into effect from tomorrow, July 1.
All Victorian households are eligible for a $250 Power Saving Bonus by simply comparing their energy rates on the Victorian Energy Compare website from tomorrow.
Previous implementations only made the rebate available to Victorians who were already receiving a Government support payment. The new scheme is open to all Victorian energy customers who have a residential energy (electricity or gas) account.
The website will compare your current energy costs with others in your area, to ascertain if you can get a better deal. Just taking part in the comparison qualifies each household for the bonus.
You do not need to switch providers to receive the $250 payment, and if you apply at your current residence, then move, you can apply at the new address too.
So what will that $250 do for you and your electric car?
At $0.19 per kWh (a relatively generic off-peak rate), the payment is equivalent to 1316kWh of energy. If you have an MG ZS EV, Australia’s most affordable and second-best selling electric vehicle (in 2021), that’s enough to completely recharge the 44.5kWh battery some 29 times.
Calculating this against the car’s 263km claimed WLTP range is enough for more than 7500km of driving (7776km to be exact).
For an urban owner, this is almost a year’s worth of driving, offset, for free.
The scheme starts tomorrow (1 July 2022) and runs through to 30 June 2023, so there is no rush.