Household electricity prices rise more than 5%

Power prices are rising, with energy costs increasing more than lines charges. (Image: Depositphotos)

Wed, 15 Jun 2022

Average household electricity prices increased more than 5% in the last year, with the energy component rising the fastest and large variations between regions, analysis shows.The Ministry of Business, Innovation and Employment’s (MBIE) latest data shows that the national average of what is classed as a typical ‘model’ household was paying 30.8 cents per kilowatt-hour (c/kWh) in May 2021.This was made up of a lines component – the price charged to transmit electricity to households of 11.3 c/kWh; and an ‘energy and...

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