evidence: Promise check: Cut power bills for households by $275 a year by 2025 compared to before the election [...] However, Labor's promise to reduce average household energy bills by $275 continued to be repeated until at least May 18, when Mr Albanese said increasing renewable energy was "the best way to cut power bills for families and businesses — saving families $275 a year". [...] Fact Check will consider the promise delivered if at the end of Labor's term, the annual NEM electricity bill for an average household has been reduced by $275, taking into account the ACCC and other sources, with prices adjusted for inflation to maintain the purchasing power of $275 in 2021 dollars.