The Parliament of New Zealand enacts as follows:

1. Title

This Act is the Electricity Industry (Consumer Disclosure) Amendment Act 2019.

2. Commencement

This Act comes into force on the day after the date on which it receives the Royal assent.

3. Principal Act

This Act amends the Electricity Industry Act 2010 (the principal Act).

4. New subpart of Part 4 inserted

After section 108, insert:

Subpart 4 - Disclosure of bill components

108A Disclosure requirements

• (1) All electricity retailers must include on every electricity bill sent to domestic consumers an itemisation, by amount and percentage, showing each of the following components of the total electricity bill:
  • (a) generation:
  • (b) transmission:
  • (c) distribution:
  • (d) retail:
  • (e) carbon tax:
  • (f) liabilities under the Climate Change Response Act 2002:
  • (g) GST:
  • (h) other Government and council levies.
• (2) In addition, all electricity bills sent to domestic consumers must include an itemisation describing what percentage of the electricity supplied to the consumer is from renewable sources and what percentage is from non-renewable sources.
• (3) The Authority must set out in the Code the format and methods of calculation required for electricity bills in sufficient detail and layout to allow direct and easy comparison between different electricity retailers.

B.110 - Electricity Industry (Consumer Disclosure) Amendment Bill was submitted by the Honourable Minister for Infrastructure /u/PM-ME-SPRINKLES (TOP) on behalf of the government.

Final reading will conclude at 4pm, 9 March 2019.