Electricity pricing

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