Premier Steven Miles announced the major cash injection on Thursday as rising power prices bear down on Queenslanders.“I said we would use the budget to deliver cost of living relief but I’ve decided it’s too urgent to wait that long,” he said.
The rebate will apply to bills from July and many Queenslanders won’t pay a single cent until 2025, Miles touted. The rebate is nearly double the amount provided to Queenslanders last year and is funded by the state’s coal royalties. The latest rebate is expected to halve the average yearly power bill for Queenslanders over the next financial year.
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