2 May 2025
Northpower electricity consumers to receive discount payment
Northpower electricity consumers will soon receive their second instalment of a total of $15.8 million in pricing discounts thanks to Northpower and the Northpower Trust. The first instalment was paid in November 2024, and this is the second instalment of the 2024/25 discount payment.
The Northpower Pricing Discount is made possible with the support of the Northpower Electric Power Trust, which owns Northpower on behalf of Northpower’s consumer beneficiaries connected to the Northpower electricity network.
The Northpower Trust says it is satisfying to see Northpower’s consumer beneficiaries continuing to benefit from the consumer ownership model that has existed since 1993. Over this time Northpower has returned over $278 million to electricity consumers in Kaipara and Whangarei.
Northpower Trust Chair Phil Heatley has welcomed the discount, and the way that it flows back directly to electricity consumers in Kaipara and Whangarei.
“We hear from our consumer owners that they appreciate the discount payment each year, it’s the way that we have done things since the Trust was established, and as Trustees we view it as an appropriate way to reward consumer owners,” Mr Heatley says.
Most residential and business customers connected to Northpower’s electricity network will benefit from a discount which will be calculated on their individual usage. This payment will be up to $155 including GST, on top of the payment made in November of around $150.
Northpower Chair Mark Trigg says he is pleased with the level of discount, and the fact that it has increased over the time that he has been working with Northpower’s Board.
“Over the past 8 years we have seen the discount increase from around $120 to $305 this year, which has been possible due to the improved financial performance and growth achieved by Northpower over the years,” Mr Trigg says.
In future years, Northpower will be making a single payment in May each year, so the next payment will be May 2026. This change to payment timing is required to meet accounting and tax compliance purposes, where discounts should be paid after the end of the financial year. As a result, there will be no discount payment in November/December 2025.
The discount will be shown as a credit on customers’ May or June electricity bills and will benefit over 63,000 current customer connections on the Northpower network.
To qualify as eligible, consumers must have an active network connection as of 1 May 2025.
Full details of the eligibility criteria and how the discount is calculated are available at the link below.