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PRICE INFORMATION.

Learn more about what makes up an electricity bill, why prices are changing and to view our range of tools to support you.

WHAT MAKES UP AN ELECTRICITY BILL.

Your monthly electricity bill is made up of different costs to provide electricity to you. This includes not only our charges, but charges from all companies along the electricity supply chain. Companies along the electricity supply chain include generation and retail (us), transmission, distribution and metering. On top of this, there's charges for GST, levies and other costs from the Government.

 

WHY ARE MY PRICES CHANGING?

Each year, all companies along the electricity supply chain review costs and may make changes. We've updated our prices based on the costs of providing electricity to you.

Prices are displayed in cents. They exclude GST and are before any Prompt Payment Discount as well as any other additional discounts.

THE ELECTRICITY AUTHORITY PRICE BREAKDOWN.

  • 32% GENERATION - This includes the costs to make the electricity you use.
  • 10.5% TRANSMISSION -These costs go towards building and maintaining the national electricity grid which moves electricity around the country.
  • 27% DISTRIBUTION - These costs go towards building and maintaining the power lines that deliver electricity from the national electricity grid in your local area to your property.
  • 13% RETAIL - These costs include the operating costs from the retailer that you're with.
  • 3.5% METERING - The costs to read and maintain your electricity meter.
  • 1% MARKET GOVERNANCE AND SERVICES - This cost goes towards energy efficiency programmes and the operating costs of the organisations who manage and regulate the day-to-day running of the NZ electricity market. This includes the Electricity Authority.
  • 13% GST* - This is New Zealand's goods and service tax. 

*GST is 15% of the pre-GST cost and therefore 13% of the GST-inclusive amount. Source for above breakdown: Electricity Authority

Click below to watch a short video from the Electricity Authority showing what makes up an electricity bill.

WATCH NOW

PHASING-OUT LOW FIXED CHARGE TARIFF REGULATIONS.

Beginning 1 April 2022, the Government, with support from the electricity sector, are phasing out the low fixed charge over 5 years.

I’m a low user, what does this mean for me?
Your low fixed charge will increase gradually over 5 years. Each year, the maximum low fixed charge will increase by 30 cents after the deduction of Prompt Payment Discount.

Why is this change happening?
The Electricity Price Review found that the low fixed charge is unfair to larger, low-income families living in poorly insulated homes, as they cannot keep their power consumption low enough to benefit from it. On the other hand, the low fixed charge was found to disproportionately benefit families who live in well insulated homes with modern technology that don’t require as much power to heat. Removing the low fixed charge will create fairer electricity prices for all New Zealand households.

While all New Zealanders are expected to benefit in the long term from the regulations being removed, some households may face higher power bills. If this is you, or someone you know, we have a range of tools to support you.

Click here to find out more about why this change is happening.

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Whether it's life, home or work, small changes = big impact when it comes to your energy use. You can still cook up a storm, binge your favourite TV show and stay toasty warm while keeping on top of your bill.

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