Support the Energy Supplement increase

The Energy Supplement is critical to help pensioners cope with rising energy costs.

Electricity and gas prices have increased excessively over the past 10 years.

Between 2007–08 and 2015–16 electricity and gas prices increased at a rate of 80 to 90 per cent, far exceeding inflation.

In 2017, retail electricity prices increased as much as 20 per cent in some jurisdictions.

Some households are $600 – 700 worse off as a result.

The loss the Energy Supplement would have increased this to around $1,000 for some households.

What’s the supplement worth to pensioners

The Energy Supplement for a single pensioner is worth $366.60 per year and $550 per year for a couple combined.

Inflation means the value of the Energy Supplement is declining.

The Energy Supplement used to be indexed so that inflation would not erode its value.

Indexation was removed in the 2014-15 Budget and held at the June 2014 rate from 1 January 2015.

If government was fair dinkum they would reinstate indexation and link this to energy prices as a practical demonstration of their commitment to bringing prices down.

Support our push to make sure the Energy Supplement increases in line with the rising cost of energy. National Seniors calls on all politicians to support indexing the Energy Supplement in line with the energy component of CPI.