Best Electricity Rates NZ 2025
Compare New Zealand's top power companies and save up to $600 annually with the best electricity rates for 2025
💡 Average household saves $420/year by switching providers
Top 5 Cheapest Electricity Rates 2025
| Provider | Plan | Rate (¢/kWh) | Daily Charge | Est. Monthly Bill* |
|---|---|---|---|---|
| Electric Kiwi | Kiwi Fixed | 28.5¢ | $0.85 | $168 |
| Pulse Energy | Pulse Green | 29.2¢ | $0.90 | $172 |
| Mercury Energy | Everyday Fixed | 30.1¢ | $0.95 | $179 |
| Contact Energy | Good Nights | 31.5¢ | $1.00 | $186 |
| Meridian Energy | Standard | 32.8¢ | $1.05 | $194 |
*Based on average 500kWh monthly usage
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Use Free Calculator →Best Electricity Providers 2025 - Detailed Analysis
1. Electric Kiwi - Best Overall Rates
Why It's #1:
- • Lowest fixed rates in New Zealand
- • Free hour of power daily (9am-10am or 7pm-8pm)
- • No exit fees or connection charges
- • 100% renewable energy
- • Excellent mobile app for usage tracking
Best For:
- • Households with flexible usage patterns
- • Customers wanting lowest overall costs
- • Tech-savvy users who like app control
Average Annual Savings: $580
2. Pulse Energy - Best Green Option
Key Features:
- • 100% certified renewable energy
- • Competitive fixed and variable rates
- • Carbon-neutral electricity supply
- • Strong customer service ratings
- • Simple billing and pricing structure
Best For:
- • Environmentally conscious customers
- • Medium to high usage households
- • Customers wanting straightforward pricing
Average Annual Savings: $520
3. Mercury Energy - Best for Bundling
Key Features:
- • Gas and electricity bundle discounts
- • Multiple payment options
- • Loyalty program with rewards
- • Fixed rate plans available
- • Good customer portal and app
Best For:
- • Customers wanting gas + electricity deals
- • Households with predictable usage
- • Long-term customers seeking loyalty rewards
Average Annual Savings: $480
Fixed vs Variable Rates: What's Best in 2025?
Fixed Rates ⭐ Recommended
Pros:
- • Price certainty for 1-2 years
- • Protection from rate increases
- • Easier budgeting
- • Currently 15-20% cheaper than variable
Cons:
- • Can't benefit from rate decreases
- • Early exit fees may apply
Variable Rates
Pros:
- • Flexibility to switch anytime
- • Can benefit from rate drops
- • No fixed-term commitments
Cons:
- • Rates can increase without notice
- • Currently more expensive
- • Unpredictable monthly bills
💡 2025 Tip: Fixed rates are currently offering the best value, with wholesale electricity prices expected to remain stable through 2025.
Electricity Rates by Region 2025
Auckland
Average Rate: 29.8¢/kWh
Daily Charge: $0.88
Network: Vector
Best Option: Electric Kiwi
Wellington
Average Rate: 30.2¢/kWh
Daily Charge: $0.92
Network: Wellington Electricity
Best Option: Pulse Energy
Christchurch
Average Rate: 28.9¢/kWh
Daily Charge: $0.85
Network: Orion
Best Option: Mercury Energy
How to Switch to Better Rates (5-Minute Process)
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Sign Up Online
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They Handle the Transfer
Your new provider contacts your old one and manages the switch process.
Start Saving in 10-15 Days
Your first bill from the new provider will reflect your new lower rates.
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