Vector’s line charges include the cost charged to Vector by Transpower for delivering electricity across Transpower's national grid to Vector’s network and the price relating to the cost of delivering electricity across our distribution network. Line charges are generally billed to you by your electricity retailer.
Our annual price changes are limited to that required to achieve the net allowable revenue prescribed by the Commerce Commission in its Electricity Distribution Services Default Price-Quality Path Determination 2020 (DPP) plus changes in pass-through and recoverable costs (e.g. Transpower transmission charges, council rates, statutory levies and other regulatory allowances) and a revenue wash-up from any under or over-recovery from the previous pricing year. In November 2019, it is estimated that our line charges accounted for approximately 36% of an average residential consumer's bill, which include Transpower's charges which account for about 9% of an average residential consumer bill.
See our price schedules effective from 1 April 2020
See our price schedules effective from 1 April 2021
Our previous pricing schedules are available within our Annual Price Reviews here.
Passing-through Transpower's transmission costs, our methodology
Our transmission pass-through methodology applies to consumers with non-standard prices.
Changing your Vector pricing category
Our pricing categories depend on the connection type and metering configuration at your property. It may be possible for you to change your pricing category, but you may need to make changes to your connection.
Please contact your electricity retailer to find out more.