Building trust and confidence

Levy-funded appropriations 2022/23 and 2023/24

Each year we consult on our levy-funded appropriations for the upcoming financial year.

Overview

Our funding level for the 2022/23 and 2023/24 financial years was announced on Budget Day 2023.

The Minister of Energy and Resources agreed to a permanent baseline increase for our levy-funded appropriation as part of Budget 2023. The increase is $500,000 for the 2022/23 year and $4.6 million for 2023/24 and outyears.

We will use the funding to support our response to the Emissions Reduction Plan, improve wholesale market competition, implement recommendations from the 9 August 2021 reviews, and meet our new statutory objective of promoting the interests of domestic and small business consumers.

Timeline

Past activity

16 February 2023
16 February 2023

Decision —

Ministerial agreement of 2022/23 and 2023/24 levy-funded appropriations
- Electricity Authority 2022/23 and 2023/24 levy-funded appropriations request
4 October - 4 November 2022

4 October - 4 November 2022

Consultation —

2022/23 and 2023/24 levy-funded appropriations
View consultation

Project background

We're funded by the Government through appropriations of public money. The Government recovers this cost through a levy on electricity industry participants.

Each year we consult on our levy-funded appropriations for the upcoming financial year to enable us to carry out our strategic ambitions in line with our statutory objectives.

How levy rates are set and calculated