March 31, 2025 10 min read Savings Guide

Power Company Discounts & Promotions Guide

A comprehensive guide to understanding and maximizing electricity discounts and promotional offers in New Zealand.

Person reviewing electricity bill and calculator

Types of Discounts

Prompt Payment

Discount for paying bills on time

10-15%
Mercury Contact Genesis

Direct Debit

Automatic payment from bank account

2-5%
Electric Kiwi Meridian Trustpower

Dual Fuel

Combined electricity and gas services

5-10%
Genesis Contact Nova

Bundle Discount

Multiple services (power, internet, mobile)

5-15%
Trustpower Contact Nova

Current Promotions

Electric Kiwi

Free Hour of Power

Value: $200-300/year

Conditions: Must choose your free hour, excludes fixed charges

Mercury

$200 Welcome Credit

Value: $200

Conditions: 12-month term required, credit applied after 3 months

Contact Energy

2 Months Free Power

Value: Up to $400

Conditions: 24-month term required, applied as monthly credits

Important Note

Promotions are subject to change and may vary by region. Always check current offers when comparing providers.

Provider Comparison

When comparing providers, consider:

  • Total value of discounts and promotions
  • Contract term requirements
  • Base rates before discounts
  • Exit fees and conditions
  • Ongoing vs one-time benefits
  • Additional perks and rewards

Maximizing Savings

Follow these tips to get the most value:

  • Compare total costs after all discounts
  • Set up automatic payments to secure prompt payment discounts
  • Bundle services when beneficial
  • Watch for seasonal promotions
  • Negotiate with current provider
  • Review terms and conditions carefully

Terms & Conditions

Common conditions to watch for:

  • Minimum contract periods
  • Payment method requirements
  • Credit check requirements
  • Regional availability
  • Early termination fees
  • Usage thresholds

Switching Providers

Steps to switch providers:

  1. Compare current offers using our comparison tool
  2. Check contract obligations with current provider
  3. Calculate potential savings including all discounts
  4. Read terms and conditions carefully
  5. Submit application to new provider
  6. Provider handles the switching process

Ready to Save on Power?

Compare current promotions and discounts from top NZ power companies.