How do electricity prices in New Zealand compare internationally?
New Zealand has enjoyed some of the cheapest electricity prices in the world. As a result, conservation of energy, fuel efficiency and domestic insulation have been low priorities. Rising demand, declining output from the Maui gas field and changes in energy views have seen rapid price rises. Nevertheless the price of electricity remains one of the lowest in the OECD. There is broad agreement that prices will continue to rise steadily because new, clean energy sources are in short supply. An Emissions Trading Scheme was announced by the government in September 2007 is likely to increase energy prices.
