7 November 2023
Northpower electricity consumers to receive $14.1 million in annual discount payment
Northpower, with the support of the Northpower Electric Power Trust, will give around $14.1 million to their consumers through a Pricing Discount this month. This is an increase of $1.7 million from what was paid last year, and the fifth year in a row that this consumer discount has increased.
The Northpower Pricing Discount is made possible with the support of the Northpower Electric Power Trust, which owns Northpower on behalf of consumers connected to the Northpower electricity network. Northpower Trust Chair Phil Heatley has welcomed the discount because “it is a practical mechanism the Company and Trust can use so that financial returns flow directly back to electricity consumers in Kaipara and Whangarei.”
We are very pleased to offer this discount back to Northpower’s consumer owners, as we know what a difference it makes to so many households, especially in today’s climate,” Northpower Chair Mark Trigg says.
Most residential and business electricity customers connected to Northpower’s network will benefit from a discount of $285.41 including GST in November or December. Those who have only used between 1kWh and 2,000 kWh for the prior year will receive a discount of $106.55 including GST.
The discount will be shown as a credit on customers’ November or December electricity bills and will benefit over 62,000 current customer connections on the Northpower network.
Consumers must have an active network connection as at 1 November 2023 to be eligible for the discount. Full details of the eligibility criteria are available on Northpower’s website www.northpower.com/pricing/pricing-discount-faqs.
With this payment, Northpower and the Northpower Electric Power Trust will have given back over $278 million to electricity consumers in Kaipara and Whangarei in various forms since 1993.