Electricity Plans in New Zealand 2025
Compare fixed, variable, and time of use power plans to find the best option for your home
Types of Electricity Plans
Fixed Rate Plans
Locked-in rates for price certainty
Pros
- Price certainty
- Easy budgeting
- Protection from market volatility
Cons
- May miss out on lower spot prices
- Less flexibility
Variable Rate Plans
Rates that change with market conditions
Pros
- Can benefit from low market prices
- No long-term commitments
- Often lower entry rates
Cons
- Price uncertainty
- Bills can fluctuate
- Risk of rate increases
Time of Use Plans
Different rates for peak and off-peak times
Pros
- Cheaper off-peak rates
- Rewards flexible usage
- Can reduce peak demand
Cons
- Requires usage management
- Peak rates are high
- Need smart meter
Prepaid Plans
Pay for power in advance
Pros
- No credit checks
- No deposits
- Complete usage control
- Discounts available
Cons
- Need to monitor balance
- Risk of disconnection
- Less customer protections
Most Popular Electricity Plans
Electric Kiwi
Mercury Energy
Flick Electric
Powershop
Plan Comparison Guide
| Plan Type | Price Range | Best For | Risk Level | Savings Potential |
|---|---|---|---|---|
| Fixed Rate | 24-28¢/kWh | Budget conscious users | Low | $50-150/year |
| Variable Rate | 22-30¢/kWh | Flexible users | Medium | $100-300/year |
| Time of Use | 18-35¢/kWh | Usage shifters | Medium-High | $200-500/year |
| Prepaid | 24-27¢/kWh | Budget controllers | Low | $80-200/year |
Which Plan Should You Choose?
If you want predictable bills
Choose fixed rate plans for budget certainty
If you want lowest costs
Choose variable rate plans with competitive providers
If you can shift usage
Time of use plans reward flexible consumption
If you want total control
Prepaid plans give you complete usage visibility
Find Your Perfect Electricity Plan
Get personalized plan recommendations based on your usage and preferences
Compare Electricity PlansFrequently Asked Questions
What are the different types of electricity plans in NZ?
The main electricity plan types in NZ are: Fixed Rate (locked pricing), Variable Rate (market-based pricing), Time of Use (different peak/off-peak rates), and Prepaid (pay-in-advance). Each suits different usage patterns and preferences.
Which electricity plan is best for most households?
For most NZ households, a variable rate plan with competitive pricing offers the best value. Plans like Electric Kiwi's Stay Ahead (22.8¢/kWh) or Powershop's variable rates provide good savings with flexibility.
How do fixed vs variable electricity plans compare?
Fixed plans offer price certainty but typically cost 2-4¢/kWh more than variable plans. Variable plans can save more money but prices may fluctuate. For most users, variable plans save $100-200 annually over fixed plans.
Are time of use electricity plans worth it?
Time of use plans work well if you can shift 40%+ of usage to off-peak times (typically 9pm-7am and weekends). You need a smart meter and flexible usage patterns. Savings can be $200-400 annually for suitable households.
How do I choose the right electricity plan?
Consider: your budget preference (fixed vs variable), usage patterns (time of use suitability), payment preferences (monthly vs prepaid), and provider features (apps, customer service, green options). Compare total annual costs, not just unit rates.