The Tasmanian Government continues to deliver strong cost of living relief.

Minister for Energy and Renewables, Nick Duigan, said while Tasmania continues to have the lowest regulated power in the country, we recognise many household budgets are challenged.

The Tasmanian Budget provides more than $53 million in electricity bill concessions in 2026-27, with a total of $234 million over the Budget and Forward Estimates.

“These concessions provide a discount for eligible low-income customers currently worth approximately $650 per household each year,” Minister Duigan said.

“In addition, the Budget again includes $450,000 in funding for the Energy Hardship Fund, operated by the Salvation Army, to support Tasmanians struggling to pay their energy bills.

“This Budget recognises our nation, and the world, are facing turbulent times. This Budget gives us headroom to handle the challenges ahead.

“Our Government is getting the balance right. We are making the savings needed, while continuing to deliver the services and build the infrastructure Tasmania must have now and for the future.

“Delivering more renewable energy will help keep Tasmania’s power bills low, which is why we’re continuing to invest in the State’s next generation of renewables.

“We’re bringing on new generation and delivering our Tasmanian Renewable Energy Target through the $14.4 million Renewable Energy Approvals Pathway, which continues to be funded through the Budget.

“Project Marinus is expected to unlock additional Hydro Tasmania returns to Government of around $470 million per year once operational, helping fund essential services for all Tasmanians.

“Through negotiations with the other shareholders in Marinus Link, Tasmania’s contribution to date has been recognised and no further funding from Tasmania is required for the construction of the project. This has saved the State Budget at least $98.5 million.

“The Government is ensuring TasNetworks has the funding it needs through the Budget to proceed with the North West Transmission Developments, which is also being supported by concessional finance from the Clean Energy Finance Corporation and a grant from the Australian Government, minimising impacts on people’s bills.

“Hydro Tasmania will continue to position its business to deliver low-cost electricity to Tasmanians and Tasmanian businesses, while also ensuring it can leverage Marinus Link.

“Over the next four years, Hydro will be investing around $220 million each year to boost our hydropower system. This includes works at Edgar, Meadowbank and Scott’s Peak Dams, and of course, work is continuing at Lemonthyme, Gordon and Poatina Power Stations.

“TasNetworks is continually upgrading Tasmania’s electricity network, increasing reliability, ensuring safety, and boosting capacity. Annual capital investment across the transmission and distribution networks averages almost $300 million per annum over the next four years.

“That includes projects all over the State, from substation upgrades at Bridgewater and Sheffield to investments in Rosebery and Zeehan on the West Coast.

“Our Government is providing cost of living relief, we have major new investments in the works, and we’re continuing to deliver ongoing programs.”

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