Electric Kiwi
Known for their Hour of Power free electricity period daily
Key Features:
- Hour of Power
- No fixed term
- 100% NZ owned
- Mobile app
Mercury
Offers specialized rates for electric vehicle charging
Key Features:
- Fixed rate plans
- EV charging rates
- Rewards program
- 24/7 support
Meridian Energy
New Zealand's largest electricity generator and retailer
Key Features:
- 100% renewable energy
- Government owned
- Fixed price options
- Mobile app
Contact Energy
Offers both electricity and gas services nationwide
Key Features:
- Dual fuel options
- Flexible payment
- Good Energy program
- Online account
Genesis Energy
Major generator-retailer with thermal and renewable generation
Key Features:
- Fixed price guarantee
- Loyalty rewards
- Mobile app
- Payment flexibility
Powershop
Digital electricity retailer with prepay options
Key Features:
- Pre-purchase power
- Online management
- Power packs
- Usage tracking
Trustpower
Combines electricity, gas, and telecommunications services
Key Features:
- Broadband bundles
- Multi-utility billing
- Local support
- Energy efficiency
Flick Electric
Passes through wholesale electricity prices to customers
Key Features:
- Spot pricing
- Real-time rates
- Usage insights
- No fixed contracts
Frequently Asked Questions
What are the best electricity rates in NZ?
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.
Which are the cheapest energy providers?
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.
How do I compare electricity providers?
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.
How do I switch power companies?
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.
Will my power be interrupted when I switch?
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.
How often should I compare power companies?
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.
What's the difference between fixed and variable rates?
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.
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