In view to finding a better electrode for water electrolysis-the hydrogen and oxygen evolution efficiencies of a Pd-80 at% Ni electrode along with its surface oxidation-reduction characteristics were investigated in alkaline medium using cyclic voltammetry. On cycling the electrode in between the potential range of-1.0 to +0.65 V, two oxidation and two reduction transformations were observed. The origins of the transformations were found out. Most of the transformation peak potentials were found to be different than that of Pd and Ni electrodes. The generation of (PdNi)(III) species over the electrode surface identified to be the crucial for the oxygen evolution and continuous cycling up to 100 min succeeded to obtain its saturated layer. Tafel plots for both the hydrogen and oxygen evolution reactions (HER and OER) showed two regions. The kinetic parameters for the HER and OER, i.e., exchange current density at zero overpotential (i(o)) and slope (b) values for both the low and high overpotential (eta) regions were found out. For the HER, the is and b values are found to be 6.17 x 10(-2) and 4.36 mA/cm(2) and 137.0 and 343.9 mV/dec, respectively. For the OER, the values are 2.83 x 10(-3) and 2.35 mA/cm(2) and 72.8 and 215.1 mV/dec, respectively. On comparing these kinetic values with that available for Pd, Ni and Pd-50 at% Ni, it is realized that the investigated Pd-80 at% Ni electrode showed better electrolysis efficiencies than that of its component materials and Pd-50 at% Ni electrode. (C) 2017 Hydrogen Energy Publications LLC. Published by Elsevier Ltd. All rights reserved.