Average residential ESS price per 200MW in New Zealand

How much does electricity cost in New Zealand?

This records an increase from the previous number of 0.328 NZD/kWh for Sep 2024. New Zealand Average Electricity Cost: Residential data is updated quarterly, averaging 0.294 NZD/kWh from Jun 2013 (Median) to Dec 2024, with 47 observations. The data reached an all-time high of 0.352 NZD/kWh in Mar 2024 and a record low of 0.268 NZD/kWh in Sep 2013.

What is the average power bill in New Zealand?

Canstar Blue reveals the average power bill in New Zealand and what you should be paying for power. Last year, the average Kiwi household used 7084kWh of electricity at 34.25c per kWh, for a total cost of $2426. This works out to roughly $202 per month.

How much does electricity cost per month?

According to the Ministry of Business, Innovation and Employment’s latest electricity price monitoring data, the average amount a household pays for electricity annually is $2,343. If you divide that by the 12 months, you get an average monthly bill of $195 – but that doesn’t account for most households using more power in winter versus summer.

How have residential electricity costs been revised?

residential costs back to the year ended March 2009 have been revised based on consistent information provided by all electricity retailers. Some retailers have also provided revised data back to the year ended March 2002. This has been incorporated into the residential electricity cost data.

Do New Zealand households use a lot of electricity?

Nearly half of New Zealand households use gas so might not be using as much electricity to cook or heat their home and water. About 35% of households use a solid fuel, such as firewood or pellets, to heat their home. A higher bill could also come down to how many people you live with.

How does the Ministry monitor residential electricity costs?

The Ministry monitors national residential electricity costs using information about national electricity sales (essentially total electricity sales divided by the quantity of electricity supplied in kWh). Residential cost data is derived from information obtained primarily from electricity retailers.