Electricity pricing

We’re one part of the electricity supply chain.

We own and maintain the local lines and cables that deliver electricity to the customers who use it (this is called ‘distribution’). You pay your retailer for the electricity you use (and any adjustments if you generate power and feed it back into the network).

  • About 27% of what you pay covers our costs to invest in and maintain our network to ensure your supply is safe and resilient now and in the future.
  • About 11% of what you pay covers Transpower’s charges, which we pass on to you. This is the cost of getting electricity from the power stations where it’s generated to our network.
  • The other 62% of your power bill is made up of all non-Powerco charges including generation costs, your retailer’s charges and GST.

We review our prices each year to ensure we can continue to meet electricity demand as the communities we serve continue to grow, and the way our customers use electricity changes.

Our new pricing is effective from 1 April each year.

Our prices from 1 April 2024

Moving to Installation Control Point (ICP) based pricing in Taranaki, Manawatū, Whanganui, Rangitīkei and Wairarapa

Until now, the way we calculated prices for our customers was different for the eastern and western parts of our network. Those differences are mainly because we acquired parts of our network from other companies in the past.

To make our pricing consistent for all of our customers, we’re moving towards a single pricing structure – you can read our electricity pricing reform roadmap at the bottom of this page.

That’s why, from 1 April 2024 our Taranaki, Manawatū, Whanganui, Rangitīkei and Wairarapa customers will be moving to ICP-based pricing.

ICP-based pricing uses the readings taken from your meter board to calculate your prices.

The former Grid Exit Point (GXP) based pricing grouped most customers, regardless of size and usage together, and charged everyone the same price.


Increase in low-fixed user charges for residential customers

This year we’re continuing to phase out low-fixed charges in line with the removal of low-fixed charge regulations.

That means your low-fixed charge (if you’re on one) will go up, as we progressively bring it into line with standard daily fixed charges over the five years ending 2027.

Once complete, all of our residential customers will have the same daily fixed charge. That daily fixed charge rate depends on the region you live in. You can find your daily fixed charge rate in our pricing tables below.

To find out whether you are on a low-fixed charge you’ll need to contact your retailer (the company you pay your power bill to).

To find out more about why low-fixed charges are being phased out click here

Our pricing tables explained

Click here for more information about how to understand our pricing tables.

More information on how we calculate our pricing is available in our pricing methodology document further down this page.

Learn More

Prices for Taranaki, Whanganui, Manawatū, Rangitīkei and Wairarapa

Western pricing 1 April 2024 – 31 March 2025

Prices for Coromandel, Thames and South Waikato

Coromandel, Thames and South Waikato pricing 1 April 2024 – 31 March 2025

Electricity pricing reform roadmap 

Our revenue is fixed each year and we’re progressing a number of changes to how we recover it based on how customers use the network. We’re moving towards a single and simple pricing structure for most customers that aligns with the costs to invest and operate the network.

Pricing roadmap April 2023



Power lines over rural landscape

Electricity disclosures

Find out more about how we’re doing now and how we’re managing our assets for the future