In a large bowl, combine the flour and baking powder. Stir in the sugar and salt. Add the milk and water and whisk until just combined. Add the eggs and whisk again until just combined. Be careful not to overmix the batter otherwise the pancakes will be tough. Rest the batter for 10 minutes.
Heat the electric pancake pan following the manufacturer’s instructions. Lightly coat the pan with oil.
Pour about one tablespoon of the batter into each hole. Drop a small amount of Nutella in the center of the batter. When bubbles appear in the pancakes and the bottom of the pancake is lightly browned carefully flip the pancake over using a skewer. Cook the pancake on the other side until it’s golden brown.
Transfer the pancakes to serving plates. Dust the tops with powdered sugar before serving.
The nutrition information provided are only estimates based on an online nutritional calculator. This is not a comprehensive list of all the nutrients in the recipe (i.e., does not include vitamins, cholesterol, etc). I am not a certified nutritionist. Please consult a nutritionist or doctor for accurate information and any dietary restrictions and concerns you may have.