Get all your news in one place.
100’s of premium titles.
One app.
Start reading
AAP
AAP
Business
Farid Farid

NSW to help with soaring electricity bills

The NSW government will provide financial help for families struggling to pay their power bills. (AAP)

Turning on a heater in winter doesn't have to be a luxury for families struggling to pay the bills, with the NSW government stepping in to provide some financial relief.

Households experiencing difficulty paying their energy bills will be able to access up to $1600 a year in support payments from next week, Treasurer and Energy Minister Matt Kean said on Thursday.

"With cost-of-living pressures increasing, colder weather arriving and days shortening, we want to make sure households in NSW not only keep the lights on but keep their families safe, warm and comfortable," he said.

Eligible customers can receive assistance of up to $400 per application for electricity and up to $400 per application for gas bills twice a year

The much-needed financial shot in the arm, with a package worth $330 million a year, comes as the Australian Energy Regulator said NSW energy customers would face price increases from July.

The government noted the price hikes were driven primarily by external factors, including the Russian invasion of Ukraine, which has affected supply and led to global price pressures on coal and gas.

The slew of natural disasters in recent years, including the floods in northern NSW and Queensland this year, have also affected the grid, driving prices up.

More than a million residents across the state received a low-income household and gas rebate.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.