Electricity asset ownership dividend
The Queensland Government’s COVID-19 economic relief package is providing all households with a $200 credit to help with electricity and water costs. This includes the $50 electricity asset ownership dividend for 2020, plus an extra $150.
To provide continued electricity bill relief, the government has allocated $300 million to deliver a further $50 asset ownership dividend as a credit on household bills over each of the next 3 years (2020, 2021 and 2022). Because Queensland’s power assets are publicly owned, Queenslanders are able to share in the dividends.
Around $200 million from the dividends of government-owned corporations has already been used to provide households with a $50 electricity bill credit in 2018 and 2019.
These rebates were automatically applied to applicable customers’ electricity accounts on 30 April 2018 and 30 April 2019, appearing as a $50 credit. If you had an electricity account at that time and have not received your rebate, please contact your electricity provider.
These rebates are in addition to any other energy rebate or concession for which a customer may be eligible.
Who is eligible to receive the asset ownership dividend?
The rebate is being provided to residential customers who are separately charged for their electricity.
Customers who don’t receive a separate electricity bill (e.g. where electricity is included as part of the rent) are not eligible to receive the dividend payment.
Arrangements are in place for customers with on-supply arrangements and customers using a card-operated meter. See below for details.
Households who pay their landlord, property manager, caravan park owner or body corporate in an on-supply arrangement are eligible for the rebate.
These customers will have the rebate credited to their bills by their on-supplier or utility billing company.
On-suppliers are required to lodge a claim (using form 511) with their electricity retailer.
Households using card-operated electricity meters are also eligible for the dividend payment, which will be automatically transferred to their orange power cards (linked card).