NZ plugs Open Electricity into regulatory regime

Move follows the implementation of Open Banking.

New Zealand has designated the electricity sector under the Customer and Product Data Act, introducing Open Electricity following the rollout of Open Banking in the country.

"Open Electricity will mean customers can access data around their electricity consumption and product options quickly, clearly, and securely – and be able to share that information securely with others who can help them get the most out of their data," said Energy Minister Simon Watts.

These "others" include trusted third parties like comparison websites. With Open Electricity, around 165,000 small business customers and two million households are expected to benefit from greater choice for their power plans.

Commerce and Consumer Affairs Minister Scott Simpson noted: "Current electricity price comparison tools base usage on averages. Whilst this can be helpful, it is not enough to support the high levels of cost reduction and innovation that we would like to see in our energy market.

"Secure and ready access to your individual data will ensure you get the best price. Open Electricity allows customers to get the best value for their money. I am very pleased to see this roll out, and I look forward to Kiwis making the most of this exciting initiative."

In December 2025, the regulations for Open Banking came into force. For Open Electricity, the government also consulted on policy settings for electricity regulations under the Customer and Product Data Act before the green light was announced in January 2026.

Citing access to abundant and affordable energy, Watts added: "We are moving as quickly as practical to ensure Open Electricity can make these savings a reality for many. Consumers will start to see changes from September this year with all changes completed by mid-2027."

Introduced in May 2024, the Customer and Product Data Bill became a law in New Zealand in March 2025.