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The results of a Government review have revealed there is a two-tier electricity market in NZ. People who compare power plans and shop around and those that don't. There are BIG savings to be made when you compare your NZ power provider. 

The report which was released yesterday has found residential electricity prices have risen by 79% in the past 28 years (in real terms after inflation).  The households and consumers who do not compare power companies to find the best power deals have been hit excessively hard.

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The average gap between the cheapest retailer’s price and the incumbent retailer’s price has increased by about 50% since 2002, after accounting for inflation

Easy to choose

Some households struggle to understand the various plans and how to choose the one that’s best for them, and low-income consumers miss out more often on prompt payment discounts - which can be as high as 26% of the bill, and which budgeting and advocacy groups say are really late-payment penalties

Benefits of competition

A two-tier retail market appears to be developing: those who actively shop around enjoy the benefits of competition, and those who don’t pay higher prices,” the report says