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There is an increasing number of power companies in the New Zealand market, both large and small. The increase in competition has been identified as a potential issue by a recent government review. The Electricity Price Review said customers who shopped around for electricity were getting a better deal than those who stayed loyal.
Price is one of the main factors for Kiwi families, but there are other factors as well. For example, bundled deals might be more valuable, or different levels of customer support or apps that let you monitor usage.
Some households can save hundreds of dollars per year by comparing the options and switching to a new power plan. So, if you feel like you’re paying too much, or you’re not feeling the love from your current power provider - it might be time to compare the options and choose a new plan.
Smaller power companies can offer benefits over their larger rivals. Here at Power Compare, we try to level the playing field for all power retailers and we feature every power company in New Zealand on the Power Compare website. This means that consumers can be sure they have information on all NZ power companies. Consumers can get fantastic electricity sign up bonuses and exclusive power deals, which could add up to greater savings over the length of a contract