*** Take the Power Bill Challenge today – you have nothing to lose… but money to gain! - Click here ***

When is the best time to switch power providers?

Friday, March 8, 2019
Best time to switch power providers


All energy providers in New Zealand regularly add new plans and change tariffs, making it more challenging to determine the best time to switch power providers. 

So how often should you check for new power deals? Many energy experts agree that it is worth your while to check and compare prices at least once every six months or once a year. To compare prices, all you need to do is enter your address into the Power Compare address finder and you will find the information you need within seconds. 

Why switch power providers?

When it comes to bill - your gas and electricity bill will make up a large percentage of your costs. If you are on an incorrect tariff, or an out-of-date power plan, it can add up to hundreds or even thousands of dollars being spent unnecessarily on bills over the years. 

When they move home, most people will sign up for a 12 or 24 month contract. When the term expires, most people simply allow their power contract to auto-renew or move onto a rolling contract. In this case you can end up on a more expensive tariff and pay more than you should for your power. 

Increases in gas and electricity price

Although it is not always predictable, there are times when the general public gets informed of an impending price increase. Usually, when one provider increases costs, other providers will follow suit. If you want to avoid paying higher rates for your power, switch to a new plan or fixed rate plan as soon as possible. 

Sites like Power Compare offer a convenient way to quickly compare services from different providers to find the best deal on power or gas.

When was the last time you switch power providers?

New customers usually get a better deal, but this deal is for a limited amount of time only. When it expires, expect to pay a higher tariff. If you allow your power contract to auto-renew or roll onto a monthly contract, you will often end up paying more as a result. 

Luckily, switching power providers is a straightforward process. Simply enter your details into the Power Compare address finder to start comparing plans. Select the plan that suits you best, and enter a few basic details to get started. 

Switch before winter sets in

Cold weather combined with fewer daylight hours means higher energy consumption. Naturally this means that your power bill will go up. Ideally, start comparing prices in summer or early autumn to get the best deal and choose a fixed-rate contract before winter arrives. 

 

 

 

Other News

Dec 2, 2019

What will happen when I lose my prompt payment discount?

Our power customers have been telling us that they’re concerned at the prospect of losing their prompt payment discount. But are we really going to lose out when we lose our prompt payment discount? Government...

Nov 19, 2019

Power Companies given 6 months to get rid of prompt payment discounts

Do you rely on a prompt payment discount to keep your power bill down? The government has given Power Companies 6 months to get rid of prompt payment discounts under threat of regulation...

Nov 19, 2019

Power Companies banned from “win-back” offers

The Electricity Authority has recently proposed a 180 day ban on Electricity Companies trying to “win back” customers who switch to rival retailers. What does the proposed ban mean for NZ consumers – especially those...

Nov 18, 2019

Will power prices rise in 2020?

Will Power Prices rise in 2020? The jury is out, but it looks like they might. Here’s how you can get ready to lower your power bill for 2020.

Nov 4, 2019

Top 10 ways to reduce your power bill this summer

Summer is coming! It’s finally time to turn off those heaters, shed those winter clothes and embrace the sun. As things heat up keeping cool can be expensive – here are our top tips to...