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Total household energy costs NZ

Prepared for the Electricity Networks Association.

In the report written by by Toby Stevenson and Michael Young, the transition to a decarbonised energy sector will require considerable investment in renewable energy, provisions for system security, distribution and transmission.

It begs the question: what can we expect for total annual average household energy costs through to 2040?

The answer is simple: from 2026 all electric households can expect the total annual electricity cost, including the capital costs required to switch, to be lower than the combined petrol, gas and electricity bills (including the relevant capital costs) they would pay otherwise.

More information on the ENA website.