Best Electricity Rates NZ 2025

The best electricity rates in NZ currently range from 22.8¢ to 26¢ per kWh. Powershop offers the lowest rates at 22.8¢/kWh, followed by Electric Kiwi at 23.5¢/kWh and Mercury at 24¢/kWh. However, the 'best' rate depends on your usage patterns, location, and preferred contract terms.

The cheapest energy providers in NZ are Powershop (22.8¢/kWh), Electric Kiwi (23.5¢/kWh), and Flick Electric (spot pricing average 23¢/kWh). These providers also offer attractive sign-up bonuses of $150-$200, making them excellent value for new customers.

To compare electricity providers effectively: 1) Check unit rates (¢/kWh), 2) Review daily fixed charges, 3) Consider contract terms and exit fees, 4) Look at sign-up bonuses and promotions, 5) Read customer service ratings, 6) Factor in additional features like mobile apps or rewards programs. Use our comparison tool above for personalized results.

Switching is easy! Once you choose a new provider, they'll handle the entire process. Simply provide your details and meter number, and they'll coordinate with your current provider. The switch typically takes 5-10 working days with no interruption to your power supply.

No, your electricity supply won't be interrupted during the switch. The transition happens seamlessly behind the scenes, and your power will continue to flow as normal.

We recommend comparing power companies at least once a year. Prices and promotions change regularly, and you might find a better deal that could save you hundreds of dollars annually. Set a calendar reminder to check rates each winter when usage is highest.

Fixed rates stay the same for a set period (usually 12-24 months), providing price certainty. Variable rates can change with market conditions but offer more flexibility as they typically don't require a fixed-term contract. Fixed rates are currently 24-26¢/kWh while variable rates range from 22.8-28¢/kWh.