There are a few different costs that make up the charges on your bill.
Below is a breakdown of these, as described by the Electricity Authority. You can find out more about how the electricity market in New Zealand works on the Electricity Authority website.
Wholesale Costs (Generation) – 32%
This is the cost we pay for purchasing electricity.
Retail – 13%
This is what retailers like Genesis charge for providing services.
Metering and Other– 4.5%
This includes the cost of reading and maintaining your electricity meter and the Electricity Authority Levy, which everyone pays. This levy helps to fund the authority's work to regulate the electricity industry.
Transmission and Distribution – 35.5%
The transmission and distribution costs required to build and maintain the power lines that transport electricity from where it is generated to your house. Genesis pays this cost to the regional lines companies. These costs are covered in the Network Charges portion of your bill. There is more information about your Network Charges below.
GST – 15%
This is Goods and Services Tax (15%). GST makes up 15% of the total bill price which includes GST.