Households guaranteed $150 energy bill rebate as Coalition matches Labor budget pledge

Treasury has estimated the rebate extension will reduce household bills by a national average of 7.5%. Photograph: Jono Searle/AAP

Households are guaranteed a further $150 in energy bill rebates after the Coalition immediately matched Labor’s budget commitment, despite describing the support as a “Band-Aid to a bullet wound” of high power prices.

In a widely anticipated announcement ahead of Tuesday’s federal budget, the government confirmed on Sunday that it would extend power bill relief until the end of 2025 for all households and about 1m small businesses.