Hibiscus Coast App

Mercury Energy announces electricity price changes from April 1

Hibiscus Coast App

Staff Reporter

16 February 2024, 7:02 PM

Mercury Energy announces electricity price changes from April 1Photo by Fré Sonneveld

Hibiscus Coast residents with Mercury Energy will see changes to their electricity bills starting April 1, 2024, the company announced.


The adjustments stem from rising costs across the electricity supply chain, including the operation, maintenance, and upgrade of critical infrastructure like power stations and transmission lines.





These upgrades, according to Mercury, are necessary to ensure a safe and reliable power supply for the future, particularly as the country transitions towards a low-emissions energy landscape.


Further impacting pricing is the government's ongoing phase-out of low user plans, initiated in April 2022.


This five-year plan, supported by the electricity sector, aims to create a fairer pricing structure for all consumers.


However, during the phase-out, some households might experience larger-than-usual bill increases, Mercury acknowledged.


For example, customers on the Hibiscus Coast could see their fixed charges rise by at least 33%.





While the long-term goal is fairer pricing across all consumer segments, the immediate impact on individual bills remains a concern.


To help customers understand the changes and manage their electricity costs, Mercury offers resources on their website, including an explainer on electricity pricing, a bill estimation tool, and energy-saving tips.


The full impact of these price adjustments on consumer behaviour and the broader energy landscape in New Zealand is yet to be seen.


As the low user plan phase-out progresses, monitoring its long-term effects on affordability and overall energy policy will be crucial.



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