Electricity prices increase, but slower than inflation

Electricity prices increase, but slower than inflation
Electricity lines charges vary widely across the country. (Image: Orion)
Ian Llewellyn
A government survey of electricity price data indicates they increased by 4.3% in the year to September in nominal terms with an average household spending $721 on power in the three months to September 2023.The Ministry of Business, Innovation and Employment uses two data series to measure electricity prices, which climbed at a slower pace than the 5.6% annual inflation rate over the same period.The household sales-based electricity cost data is a monitor of national residential electricity costs, using information about national ele...

More Energy

Foundry may close because of gas shortage
Energy

Foundry may close because of gas shortage

Glucina Alloys says it can’t afford the $800k to go electric.

How to slash 1% of national emissions in one go
Economy

How to slash 1% of national emissions in one go

NZ Steel is on track to commission its $300m electric furnace from December.

Oliver Lewis 14 May 2025
Flick not profitable before $70m sale to Meridian
Markets

Flick not profitable before $70m sale to Meridian

After eight years of trying in electricity retailing, Z throws in the towel.

Ian Llewellyn 13 May 2025
Meridian to pay $70m for Z Energy's Flick
Energy

Meridian to pay $70m for Z Energy's Flick

Z Energy paid $46m for its 70.01% stake in the electricity retailer seven years ago. 

Ian Llewellyn 13 May 2025