Electricity Authority Levy Charge update
From 1 November 2012, our Electricity Authority Levy Charge on your bill will decrease from 0.24 cents per kWh to 0.19 cents per kWh.
The Electricity Authority recovers the cost of performing its functions, powers and duties by way of a levy on electricity generators, retailers (like Meridian) and line owners. Meridian calculates the customer levy charge that appears on your bill by converting the cost of the Electricity Authority levy payable by Meridian into a charge that appears on your bill*.
Each year the Electricity Authority reviews the levy it charges electricity retailers with a view to covering its anticipated costs for the next financial year and each year Meridian reviews its corresponding customer levy charge. Our policy is to ensure that over the long term, we collect no more from our customers than the Electricity Authority charges us. We last changed our Electricity Authority Levy Charge in October 2010.
*The levy charge applies to Non Half Hourly connections only. Please note that levy charges for Time of Use and Prepay customers are managed separately.