In 2024, the average cost of electricity for residential use was around ***** New Zealand cents per kilowatt-hour. This was a slight increase in the cost of electricity reported in the previous year. New Zealand’s electricity consumption While the leading sector to consume electricity in New Zealand is the residential sector, the industrial electricity consumption follows closely. A slight decrease in consumption has been observed in both sectors. Although the main primary energy supply of New Zealand is sourced from oil, the electricity generation of the country has already become much greener. New Zealand uses an increasing share of renewable energy in its electricity sector, with almost ** percent of the electricity production generated by renewable energy. Leading energy source: Hydropower In the distribution of energy sources used for electricity production, hydroelectric power plants generated more than half of the country's electricity. The production of electricity from hydropower has been rising significantly, while the country saw a decline in the use of fossil fuels. The increased use of hydropower can also be linked to climate change. In 2022, New Zealand experienced the warmest and wettest year on record, resulting in high hydrolake inflows.

In 2024, the average cost of electricity for industrial use was around **** New Zealand cents per kilowatt hour. This was an increase in the electricity cost compared to the previous year.

New Zealand NZ: Industry Electricity Price: USD per kWh data was reported at 0.090 USD/kWh in 2023. This stayed constant from the previous number of 0.090 USD/kWh for 2022. New Zealand NZ: Industry Electricity Price: USD per kWh data is updated yearly, averaging 0.070 USD/kWh from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 0.100 USD/kWh in 2021 and a record low of 0.060 USD/kWh in 2001. New Zealand NZ: Industry Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

In 2024, the average cost of electricity for commercial use was around ***** New Zealand cents per kilowatt hour. This represented an increase in the electricity cost in that sector compared with the previous year.

New Zealand NZ: Electric Power Consumption: per Capita data was reported at 9,026.321 kWh in 2014. This records a decrease from the previous number of 9,089.620 kWh for 2013. New Zealand NZ: Electric Power Consumption: per Capita data is updated yearly, averaging 7,901.295 kWh from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 9,700.091 kWh in 2006 and a record low of 2,457.205 kWh in 1960. New Zealand NZ: Electric Power Consumption: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s New Zealand – Table NZ.World Bank: Energy Production and Consumption. Electric power consumption measures the production of power plants and combined heat and power plants less transmission, distribution, and transformation losses and own use by heat and power plants.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted Average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

In 2023, around **** thousand gigawatt hours of electricity were consumed in the commercial sector in New Zealand. This marked an increase in the commercial electricity consumption in the nation compared to the previous year.

New Zealand GDP per Unit of Energy Use: 2021 Price: PPP per Kg of Oil Equivalent data was reported at 13.338 Intl $/kg in 2023. This records an increase from the previous number of 13.193 Intl $/kg for 2022. New Zealand GDP per Unit of Energy Use: 2021 Price: PPP per Kg of Oil Equivalent data is updated yearly, averaging 9.933 Intl $/kg from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 13.338 Intl $/kg in 2023 and a record low of 7.536 Intl $/kg in 1992. New Zealand GDP per Unit of Energy Use: 2021 Price: PPP per Kg of Oil Equivalent data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s New Zealand – Table NZ.World Bank.WDI: Environmental: Energy Production and Consumption. GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to 2021 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.;IEA Energy Statistics Data Browser, https://www.iea.org/data-and-statistics/data-tools/energy-statistics-data-browser;Weighted average;

Operators in the Geothermal, Wind and Other Electricity Generation industry have faced volatile trading conditions, but very beneficial pricing conditions over the past few years. Disruptions to hydroelectricity and natural gas power stations have caused supply issues, which have led to a sustained period of elevated prices on the wholesale market. Prices have not fallen below $100 per megawatt hour since 2018-19, peaking at an estimated $171 per megawatt hour in 2021-22. In the decade prior to 2018-19, the average annual price on the wholesale market was approximately $67 per megawatt hour. This significant price growth has underpinned a surge in profitability across the industry. High prices also allowed the industry to offset higher costs, as revenue growth outstripped cost increases, while profit margins were also rising. Despite healthy prices overall, disruptions to demand in 2019-20 and a sharp drop in wholesale prices in 2022-23 weighed on industry-wide performances. Overall, industry revenue is expected to increase at an annualised 2.2% over the five years through 2025-26, to $2.2 billion. This trend includes an anticipated fall of 5.2% in 2025-26, driven by a drop in wholesale electricity prices after surging growth the previous two years. Electricity generated by firms in this industry is an increasingly crucial feature of New Zealand’s national electricity mix. Wind and geothermal generators are essential for New Zealand to meet its renewable energy targets. This trend has encouraged several fossil fuel power plants to close, while investment in renewable electricity assets has soared. Key electricity generators, like Meridian and Mercury, have shifted entirely to renewable sources, many of which are included in this industry. The fastest growing segments are wind and solar, which have enabled opportunities for new entrants and driven an increase in enterprise and establishment numbers. Industry revenue is forecast to grow at an annualised 6.2% over the five years through 2030-31, to $2.5 billion. Persistently high prices are expected to meet growth in new generation capacity, especially in the fast-growing segment of wind. A recent long-term power supply contract is set to support the operation of the Tiwai Point Aluminium Smelter until 2044. The potential closure of the smelter has posed a major risk for the industry. It accounts for over 10% of New Zealand's total electricity consumption. If the smelter were to close, wholesale electricity prices would likely plummet, and profitability in this industry would follow suit.

Renewable energy consumption (% of total final energy consumption) in New Zealand was reported at 28.9 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Renewable energy consumption (% of total final energy consumption) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for New Zealand (CPGREN01NZA657N) from 1960 to 2022 about New Zealand, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

Summary

This schedule presents the results of the Ministry's Quarterly Survey of Domestic Electricity Prices (QSDEP).This schedule presents the results of the Ministry's Quarterly Survey of Domestic Electricity Prices (QSDEP).

Note

      This content was directly extracted
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      http://www.newzealand.govt.nz/ by a machine,
      please refer to the source for accurate and
      timely information.

New Zealand NZ: Renewable Energy Consumption: % of Total Final Energy Consumption data was reported at 30.789 % in 2015. This records an increase from the previous number of 30.323 % for 2014. New Zealand NZ: Renewable Energy Consumption: % of Total Final Energy Consumption data is updated yearly, averaging 29.519 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 32.128 % in 2011 and a record low of 26.881 % in 2001. New Zealand NZ: Renewable Energy Consumption: % of Total Final Energy Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s New Zealand – Table NZ.World Bank: Energy Production and Consumption. Renewable energy consumption is the share of renewables energy in total final energy consumption.; ; World Bank, Sustainable Energy for All (SE4ALL) database from the SE4ALL Global Tracking Framework led jointly by the World Bank, International Energy Agency, and the Energy Sector Management Assistance Program.; Weighted average;

As of 2023, around 13.7 thousand gigawatt hours of electricity were consumed in the industrial sector in New Zealand. This was the leading electricity consuming sector in the country.

New Zealand Electricity Consumption data was reported at 39,134.557 GWh in 2023. This records an increase from the previous number of 39,062.154 GWh for 2022. New Zealand Electricity Consumption data is updated yearly, averaging 33,664.112 GWh from Dec 1974 (Median) to 2023, with 50 observations. The data reached an all-time high of 40,749.490 GWh in 2015 and a record low of 16,191.045 GWh in 1974. New Zealand Electricity Consumption data remains active status in CEIC and is reported by Ministry of Business, Innovation and Employment. The data is categorized under Global Database’s New Zealand – Table NZ.RB003: Electricity Consumption.

Electricity retailers have performed reasonably well over the past five years despite flat demand and pricing at the height of the COVID-19 pandemic, which led to declines in revenue in real terms in 2019-20 and 2020-21. Over the two years through 2023-24, industry revenue is expected to rebound strongly, with pricing and demand growing at some of the fastest rates witnessed in the past decade. Retail prices, which remained stagnant even as wholesale electricity prices soared in 2019-20 and 2020-21, have started to make up lost ground, rising even as wholesale prices corrected in 2022-23. Overall, industry revenue is expected to rise at an annualised 1.8% over the five years through 2023-24, to $9.0 billion. This includes an anticipated increase of 9.7% in 2023-24, in line with rising wholesale prices and growing net energy consumption.Significant regulatory changes in the electricity sector have changed the industry's structure over the past 15 years. Greater oversight by regulatory bodies and moves to encourage competition through controls against monopolistic pricing have drawn several new enterprises to the industry over the past five years. While the four largest retailers are expected to control approximately two-thirds of industry revenue in the current year, this proportion has significantly declined from a market share of approximately 99% in 2004-05. Medium and small enterprises have expanded at a faster rate than the larger players over the past five years. Changing conditions have prompted major incumbents to change strategies, with Mercury NZ Limited acquiring former major player TrustPower's retail business in May 2022.Persistently strong wholesale prices and steady growth in demand are expected to drive moderate growth in industry revenue over the next five years. The potential closure of the Tiwai Point Aluminium Smelter will also pose a threat to industry revenue, as it would cause a flood of supply to the electricity market that would likely severely diminish electricity prices. The plant was scheduled to close in 2024, but there are ongoing talks to keep it open until 2039. Industry revenue is forecast to rise at an annualised 3.9% over the five years through 2028-29, to $11.0 billion.

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).

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for New Zealand (CPGRLE01NZA659N) from 1970 to 2024 about New Zealand, core, all items, CPI, inflation, price index, indexes, and price.

New Zealand NZ: Electricity Production From Oil Sources: % of Total data was reported at 0.002 % in 2015. This records a decrease from the previous number of 0.016 % for 2014. New Zealand NZ: Electricity Production From Oil Sources: % of Total data is updated yearly, averaging 0.052 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 9.018 % in 1974 and a record low of 0.000 % in 2002. New Zealand NZ: Electricity Production From Oil Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s New Zealand – Table NZ.World Bank: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Oil refers to crude oil and petroleum products.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

The QSDEP is a price indicator series that complements sales-based electricity cost data. The QSDEP indicator is a measure of how the published residential electricity tariffs have changed over time.

New Zealand: Electricity consumption percent of world total: The latest value from 2023 is 0.151 percent, a decline from 0.153 percent in 2022. In comparison, the world average is 0.529 percent, based on data from 189 countries. Historically, the average for New Zealand from 1980 to 2023 is 0.262 percent. The minimum value, 0.151 percent, was reached in 2023 while the maximum of 0.388 percent was recorded in 1983.