Power Price Increases 2025: How to Save Money
Last year, the Commerce Commission announced it would be increasing the profit allowance of the national power grid owner and local line companies. When the owner, known as Transpower, and local line companies make more money, it allows the Commission to pay for the necessary investments in the New Zealand electricity network. The technology and infrastructure of the network requires maintenance and upgrades so that it can be “future-proofed.” This is important because it means we can have more energy efficient technology that will be able to provide for future generations.
Power Price Rises Incoming
With each passing year, Aotearoa’s demand for electricity increases, particularly in the winters. So the investment will help bridge the gap, ensuring everyone has enough electricity each year. However, this means that Kiwis can expect their power bills to increase.
The increase in investments in the power sector comes down to the rise in costs of the technology and materials to generate and distribute electricity, the cost of borrowing, and inflation.
While the Commission is going to spread out the investment over time to soften the impact of the rising prices, Kiwis can expect a rise in their power bills this year. The power price rises will take place from April 2025.
Compare to Save Money
You can take some power back by comparing! See what we did there? There are so many benefits to comparing your bills, including your power bill. You can find a better deal, make a fully informed choice, avoid loyalty tax, and SAVE MONEY. Why do nothing and fall victim to high prices when you can compare, and find yourself a better deal? Don’t wait to save on power!
Our user-friendly platform is free to use, and makes it easy to compare power plans and providers available to you within just minutes. Simply enter your address, select any filters that apply, and compare the options side-by-side. Find one you like and switch. Consider securing yourself a 1 or 2 year contract that locks you into the current power rates before they go up. Keep your power bill low, and keep control of your budget in 2025.