Vector’s line charges include the cost charged to Vector by Transpower for delivering electricity across Transpower's national grid to Vector’s network and the price relating to the cost of delivering electricity across our distribution network. Line charges are generally billed to you by your electricity retailer.
Our annual price changes are limited to that required to achieve the net allowable revenue prescribed by the Commerce Commission in its Electricity Distribution Services Default Price-Quality Path Determination 2020 (DPP) plus changes in pass-through and recoverable costs (e.g. Transpower transmission charges, council rates, statutory levies and other regulatory allowances) and a revenue wash-up from any under or over-recovery from the previous pricing year. In November 2019, it is estimated that our line charges accounted for approximately 36% of an average residential consumer's bill, which include Transpower's charges which account for about 9% of an average residential consumer bill.
See our price schedules effective from 1 April 2020
See our price schedules effective from 1 April 2021
Our previous pricing schedules are available within our Annual Price Reviews here.
Consumer-led pricing design
We are helping to create a new energy future, in which pricing plays an important role. We are engaging with consumers to ensure we deliver the pricing plans they want. Our current pricing ‘roadmap’ is located here, and was updated in April 2020.