Statement of intent and Statement of performance expectations published

As a Crown entity and regulator, the Electricity Authority intends to create increasing value for New Zealand and New Zealanders in our work. This is the focus of our Statement of intent 2024-28 and Statement of performance expectations 2024/25, which have now been published.

The Statement of intent sets out the Authority’s strategic intentions over a four-year period from 2024-28, while our Statement of performance expectations is published annually and sets out how we will measure our financial and non-financial performance. Both are key planning documents, required under the Crown Entities Act 2004.

Statement of intent 2024-28

This strategic document reflects our unwavering focus on improving outcomes for electricity consumers. It sets out our strategic objectives and how we plan to deliver our vision for consumers to have choices in accessing the energy they need, now and in the future, to ensure they and New Zealand prosper.

Our strategic objectives are to achieve an electricity system that is:

• secure and resilient, accessible and efficient
• improves long-term outcomes for consumers and protects the interests of small consumers.

Our Statement of intent explains the key actions we will deliver to achieve our strategic outcomes and how we will measure our progress.

Statement of performance expectations 2024/25

This document focuses on what the Authority intends to deliver this financial year, including our forecast financial statements, performance targets and how performance will be assessed against our strategic objectives.

We have included a table of market development activities and will report on our progress every quarter.

Our Statement of performance expectations has been informed by:

• 2024/25 Letter of expectations from the Minister for Energy
• letter from the Minister of Finance on fiscal sustainability
• submissions received in our 2024/25 levy-funded appropriations consultation
• responses from our survey of electricity industry participant perceptions
• responses from our survey of residential electricity consumer perceptions.

We recommend reading our Statement of intent 2024-28 alongside our Statement of performance expectations 2024/25 to understand the full context of our work.