Best Electricity Rates in New Zealand 2025
Compare the lowest power prices and save up to $320 per year
Current Best Electricity Rates
Electric Kiwi
- Hour of Power free
- Low fixed charges
- No exit fees
Powershop
- Pre-pay discounts
- Green energy
- Mobile app
Mercury Energy
- EV charging rates
- Bundle discounts
- Smart meters
Detailed Rate Comparison
| Provider | Unit Rate | Daily Charge | Monthly Cost* | Annual Savings |
|---|---|---|---|---|
| Electric Kiwi | 22.8¢/kWh | $0.30 | $91.20 | $150-200 |
| Powershop | 23.2¢/kWh | $0.32 | $93.60 | $130-180 |
| Mercury Energy | 24.1¢/kWh | $0.35 | $96.40 | $100-150 |
*Based on 300 kWh monthly usage
How to Get the Best Electricity Rates
Compare Total Costs
Don't just look at the unit rate. Factor in daily charges, which can add $90-130 to your annual bill.
- • Unit rate (¢/kWh)
- • Daily/fixed charges
- • Promotional credits
- • Contract terms
Switch Regularly
Review your rates annually. Loyalty doesn't pay in the electricity market - switchers save more.
- • Check rates every 12 months
- • Look for new customer deals
- • No penalties for switching
- • Process takes 2-3 weeks
Ready to Switch to Better Rates?
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Get My Free QuoteRelated Articles
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Frequently Asked Questions
What are the best electricity rates in New Zealand 2025?
The best electricity rates in NZ currently range from 22.8¢ to 26¢ per kWh. Electric Kiwi offers the lowest at 22.8¢/kWh, followed by Powershop at 23.2¢/kWh. These rates can save households $150-300 annually compared to higher-priced providers.
How do I find the cheapest electricity rates?
To find the cheapest rates: 1) Compare unit rates (¢/kWh) across providers, 2) Check daily fixed charges, 3) Factor in promotional credits, 4) Consider your usage patterns, 5) Use our comparison tool for personalized quotes based on your actual consumption.
Are variable or fixed electricity rates better?
Fixed rates offer price certainty but may be slightly higher. Variable rates can be cheaper but fluctuate with market conditions. For most households, fixed rates between 23-25¢/kWh provide good value with budget predictability.
What factors affect electricity rates in NZ?
Electricity rates are affected by: wholesale energy costs, transmission charges, distribution costs, retail margins, government levies, and your location. Rural areas may have higher distribution costs than urban centers.
How much can I save by switching to the best rates?
Average households can save $150-320 per year by switching to the best electricity rates. High-usage households (600+ kWh/month) can save $300-500+ annually, while low-usage households typically save $100-200.