Funding to help large commercial and industrial TAS businesses with electricity costs

Overview

The Tasmanian government recognises that large business customers, often referred to as commercial and industrial (C&I) business customers, that have entered fixed priced contracted electricity agreements over 2022 and early 2023 may be paying higher prices for their electricity.

To help these businesses, the Tasmanian government is offering a one-off payment of up to $20,000 for 80% of the difference between their new weighted average electricity price and a reference rate of $87.96 per MWh, covering their contract period.

Check if you can apply

To be eligible, businesses must:

• hold an active Australian business number (ABN)
• have a business located in Tasmania and employ at least 80% Tasmanian staff
• have executed a new fixed price electricity agreement for the period 1 April 2022 to 30 June 202, with annual contracted consumption greater than 150 megawatt hours (MWh)
• have anew fixed price agreement that has a higher weighted average price than the previous agreement
• have experienced, or are expected to experience, financial strain as a result of the increased electricity charges, and be able to demonstrate this strain.