Benefiting our Northland consumers

(from Northpower website)

For the year commencing 1 April 2024, Northpower Limited will provide a discount in the form of two payments for the benefit of Northpower consumers totalling an estimated $15.8m.

This will be a discount on Northpower’s distribution charges and the amount which each consumer receives for each eligible ICP will be determined by the usage between 1 April 2024 to 30 September 2024 for the first payment and 1 October 2024 to 31 March 2025 for the second payment based on information supplied to Northpower by the electricity retailers.

The amount will be calculated using the discount rates in our full pricing schedule. This discount will be capped to a maximum payment of $149.89 (inc. GST) per payment (a total of $299.78 (inc. GST) for the full year) per eligible ICP.

The discount payment will be applied as a credit on the electricity bill from the ICP’s current electricity retailer during November or December 2024 for the first payment and May or June 2025 for the second payment. This is a change to prior years when discount was all paid around November or December.

To qualify as an eligible ICP, an ICP must be supplied from the Northpower electricity network with a registry status of “active” (connected) on 1 November 2024 for the first payment and 1 May 2025 for the second payment, and have a current customer of an electricity retailer on that date for the respective discount payment.

Additionally, this year the Northpower Electric Power Trust is distributing a further $2.2m to our consumer owners, meaning every connected customer will also receive a one-off payment of $35 (GST exempt) in the November / December 2024 payment. 

The discount and the one-off trust distribution will be shown as credits on customers’ November or December electricity bills and will benefit over 60,000 current customer connections on the Northpower network.

Pricing discount FAQs 

(from Northpower website)

What exactly is a pricing discount?

A pricing discount is a discount on Northpower’s electricity distribution charges. The saving from this price reduction is paid out to consumers in the form of two payments, the first credited to your electricity bill in November or December and the second credited the following year in May or June.

What will the pricing discount mean for me?

The discount payment will be applied as a credit on the electricity bill from the ICP’s current electricity retailer during November or December 2024 for the first payment and May or June 2025 for the second payment. However, retailers sometimes pay this earlier than expected.

How do I quality for the pricing discount?

To qualify as an eligible ICP, an ICP must be supplied from the Northpower electricity network with a registry status of “Active” (Connected) on 1 November 2024 for the first payment and 1 May 2025 for the second payment, and have a current customer of an electricity retailer on that date for the respective discount payment

The amount per eligible ICP will be determined by electricity usage between 1 April and 30 September 2024 for the first payment, and between 1 October 2024 and 31 March 2025 for the second payment.

The amount is calculated using the full discount rates in our full pricing schedule.

Will my retailer pass it on?

Yes – and it does not matter which electricity retailer you are with. All retailers are required to pass-through the pricing discount they receive from Northpower on to their customers.

It does not seem fair that some people receive a higher discount - why is this?

The pricing discount is a discount or reduction to Northpower’s distribution prices.

It is calculated on your use of electricity by using a discount rate per pricing tariff.  It is capped at $130.34 (exc GST) per payment / $260.78 total.

** For more information, please visit Northpower website.