In 2024, the average cost of electricity for residential use was around
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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
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.
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Average cost of electricity for residential consumers in New Zealand from 2015 to 2024
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MBIE (New Zealand). (March 13, 2025). Average cost of electricity for residential consumers in New Zealand from 2015 to 2024 (in New Zealand cents per kilowatt hour) [Graph]. In Statista. Retrieved August 13, 2025, from https://www.statista.com/statistics/988203/new-zealand-residential-electricity-costs/
MBIE (New Zealand). "Average cost of electricity for residential consumers in New Zealand from 2015 to 2024 (in New Zealand cents per kilowatt hour)." Chart. March 13, 2025. Statista. Accessed August 13, 2025. https://www.statista.com/statistics/988203/new-zealand-residential-electricity-costs/
MBIE (New Zealand). (2025). Average cost of electricity for residential consumers in New Zealand from 2015 to 2024 (in New Zealand cents per kilowatt hour). Statista. Statista Inc.. Accessed: August 13, 2025. https://www.statista.com/statistics/988203/new-zealand-residential-electricity-costs/
MBIE (New Zealand). "Average Cost of Electricity for Residential Consumers in New Zealand from 2015 to 2024 (in New Zealand Cents per Kilowatt Hour)." Statista, Statista Inc., 13 Mar 2025, https://www.statista.com/statistics/988203/new-zealand-residential-electricity-costs/
MBIE (New Zealand), Average cost of electricity for residential consumers in New Zealand from 2015 to 2024 (in New Zealand cents per kilowatt hour) Statista, https://www.statista.com/statistics/988203/new-zealand-residential-electricity-costs/ (last visited August 13, 2025)
Average cost of electricity for residential consumers in New Zealand from 2015 to 2024 (in New Zealand cents per kilowatt hour) [Graph], MBIE (New Zealand), March 13, 2025. [Online]. Available: https://www.statista.com/statistics/988203/new-zealand-residential-electricity-costs/
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