ELECTRICITY PRICING
Our line charges include the cost of transmitting electricity across Transpower's national grid and distributing it to you across our network. Line charges are billed to you by your electricity retailer.
Line charges are approximately 26% of the average residential consumer's bill. Our annual price increases are limited under regulation to inflation (the Consumer Price Index) plus changes in pass-through costs (e.g. Transpower transmission charges). Transpower's charges are about 14% of an average consumer bill.
Delivering electricity line services efficiently
We remain one of the lowest-cost energy infrastructure providers in New Zealand, with an operating expenditure per consumer among the best in the country.
See our price schedules effective from 1 April 2017.
Our previous pricing schedules are available within our Annual Price Reviews here.
Are you on the right price category?
Low user fixed charge
If you are a low-use electricity consumer it may pay to check you're in the right price category - it could save you money. We have worked with your electricity retailer to assist low-use electricity consumers who use less than 8,000kWh per year, by offering low fixed charge price categories.
These categories have a combination of low daily charges and higher variable charges when compared with our standard price categories. This means if you use less than 8,000 kWh per year the low fixed charge price categories will be cheaper for you. To check if you're eligible for this price category, visit your retailer's website.
Your electricity retailer should inform you at least annually of how much energy you use, and whether it may be beneficial for you to switch to a low fixed charge category. If you want to know how much electricity you use, which price category you are on or whether you are eligible for a low fixed charge category, get in touch with your retailer - it could save you money.
Controlled Gas Tariff
On the 1st of April 2016, Vector introduced a new price category for electricity customers connected to our reticulated gas network. If your household uses gas, it may pay to check your retailer’s website to see if you’re eligible for the new price category - it could save you money.
Primarily, this new price category is designed to reward residential customers with a gas connection for the benefit these households deliver to Vector in helping to reduce load during peak periods. Customers with gas connections typically use less electricity during peak periods, which benefits all consumers as it reduces peak demand across the network.
If you want to know whether you’re eligible and would benefit from making a switch, get in touch with your electricity retailer.
Plan for customer-led pricing
Vector’s helping to create a new energy future, in which pricing plays an important role. Vector is engaging with customers to ensure we deliver the pricing plans they want. Our current pricing ‘roadmap’ is located here. We intend to update the roadmap in late October 2017 after we have discussed pricing options with Entrust, our majority shareholder.