Low-income New South Wales households will receive up to $350 in energy bill relief under this year's budget.
Treasurer Daniel Mookhey, in his second budget today, announced the state government would absorb the $11.9 billion shortfall from the GST carve-up to allow it to provide cost-of-living measures for struggling families.
"We've been very, very careful with every single dollar we're spending," he said at a press conference today.
"Equally, we're doing our fair share to take inflationary pressures out of the economy."
Low-income families are set to receive $350, up by $65 from last financial year.
The family energy rebate has also increased to $250, the medical energy rebate to $350 and the seniors energy rebate to $250.
There are no increases to the gas rebate, which will stay at $110 this year.
Mookhey said the government will also introduce a reform to make it easier to apply for the rebates.
"We don't simply want this money sitting in the bank accounts of New South Wales Treasury, we want it going out the door," he said.
The state's middle-income families were, however, notably left out and did not receive a handout this year.
Mookhey insisted the budget was created to help vulnerable families struggling with the housing and cost of living crisis.
The state's rebates come on top of the federal government's $300 energy bill relief for every household under its budget delivered early in May.
