Cheapest Energy Providers in New Zealand
Compare low-cost power companies and save hundreds on your electricity bill
Why Choose Cheap Energy Providers?
Cheap energy providers offer significantly lower rates than traditional retailers without compromising on service quality. They achieve this through streamlined operations, innovative pricing models, and competitive customer acquisition strategies.
Lower Rates
Rates typically 10-20% below major retailers
Same Reliability
Use the same power grid and infrastructure
Easy Switch
Free switching with no interruption
Top Cheap Energy Providers
Electric Kiwi
- No exit fees
- Low daily charges
- Hour of Power free electricity
- Online account management
Flick Electric
- Spot price electricity
- No long-term contracts
- Real-time pricing app
- Carbon zero electricity
Powershop
- Pre-pay discounts
- 100% renewable
- Mobile app
- Flexible payment options
Energia
- Community owned
- Competitive rates
- Local customer service
- Renewable energy options
Potential Savings Calculator
*Savings compared to major retailer standard rates. Your savings may vary based on current provider and usage patterns.
Tips for Choosing Cheap Energy Providers
Compare Total Costs
Look at unit rates plus daily charges. Some providers have low unit rates but higher fixed costs.
Check Contract Terms
Understand minimum terms, exit fees, and any conditions for promotional rates.
Factor in Incentives
Consider promotional credits, cashback offers, and loyalty rewards in your total cost calculation.
Read Customer Reviews
Check customer service ratings and billing accuracy reviews from other customers.
Consider Green Options
Many cheap providers offer renewable energy at competitive rates if environmental impact matters to you.
Switch Regularly
Review your options annually. New customer deals are often the best available rates.
Start Saving with Cheap Energy Providers
Get personalized quotes from the cheapest providers and see how much you can save
Compare Cheap ProvidersFrequently Asked Questions
Who are the cheapest energy providers in New Zealand?
The cheapest energy providers in NZ are Electric Kiwi (22.8¢/kWh), Flick Electric (spot pricing), and Powershop (23.2¢/kWh). These providers consistently offer rates 10-20% below the major retailers and include additional savings features.
How much can I save with cheap energy providers?
Households can save $150-320 annually by switching to cheaper energy providers. The exact savings depend on your usage, current provider, and chosen plan. High-usage households typically see the biggest savings.
Are cheap energy providers reliable?
Yes, cheap energy providers are just as reliable as major retailers. They all use the same power grid and infrastructure. The difference is in pricing models, customer service approach, and additional features.
What's the catch with cheap energy providers?
There's typically no catch. Cheap providers achieve lower prices through lower overheads, different business models, or promotional pricing. Always read contract terms and understand any conditions like direct debit requirements.
How do I switch to a cheaper energy provider?
Switching is free and easy: 1) Compare providers and rates, 2) Choose your preferred plan, 3) Sign up online or by phone, 4) Your new provider handles the switch process, 5) No interruption to your power supply.