Electricity prices increase, but slower than inflation

Electricity lines charges vary widely across the country. (Image: Orion)

Wed, 20 Dec 2023

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...

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