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If you had to make a guess, where in New Zealand do you think pays the most for electricity?
The answer may surprise you - it’s not Auckland, Wellington, or even Dunedin.
None of the major cities in New Zealand features on this list and we’ll explain why that is.
But before we get into that, here’s a list of the top 10 most expensive places to pay for electricity in New Zealand:
Hawera is situated in the Taranaki region and is near the coast of the South Taranaki Bight.
With a population of 11,950, the average domestic power price per kWh was 0.33c in 2017.
Masterton is the largest town in the Wellington region with over 24,000 people.
It is known for its annual sheep shearing competitions and museum.
The average price for electricity is the same as Hawera at 0.33c per kWh.
Tauranga is the largest New Zealand city on this list and has appeared in other reports as one of the most expensive cities to live in across New Zealand.
The cost of electricity comes in at an average of 0.33c per kWh.
Gisborne is known for its amazing surf beaches and an excellent display of Maori culture and heritage.
The cost of electricity in this city is 0.34c per kWh.
On average, the residents of Greymouth – a town on the west coast of New Zealand’s South Island known for its mining and jade-hunting history - pay 0.34c per kWh for their domestic electricity prices.
Blenheim makes the top five of this list. This city is known for its fine wineries and Marlborough Museum chronicles. Residents in Blenheim pay on average 0.35c per kWh.
Waipukurau is located in Central Hawke’s Bay and has a small population of roughly 4,000 people. The region pays 0.38c per kWh as its standard for electricity.
Westport finishes in the top three of our list with an average electricity cost of 0.38c per kWh. Westport is located on the western side of the South Island and was one of the first gold towns in New Zealand.
Kerikeri is the largest city in Northland and a very popular tourist destination. The average electricity cost is high at 0.39c per kWh.
The city that pays the most for power in New Zealand is Balclutha. The small town is located in Otago and they pay 0.41c per kWh.
There are a number of factors that determine what you pay for the price of electricity but the main thing that determines the price of electricity is your location.
Many of the cities on this list are small in comparison to major cities such as Auckland and Wellington.
The larger cities in New Zealand are far more competitive for power companies.
Consumers know that they can easily switch power providers if they are not happy and they also know there are many options available in the market.
In smaller markets, demand isn’t as high and electricity providers are more limited.
This gives very little bargaining power to the homeowners which is why you see places like Balclutha (population of 4000) paying 41 cents per kWh.
In comparison, Auckland and Wellington residents are paying 0.28c per kWh on average.
Curious to see how your current power provider compares with other providers? Compare power companies and take a look for yourself!
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Great getting the broadband at a cheaper rate for 6 months but didnt score a good deal for the power - paying a little more than the one I was with.