Why Sign Up With Genesis Power Company?

With the number of power retailers throughout New Zealand, it’s now easier for Kiwis to choose a plan and save big on their monthly power bills.

Depending on your current address, time of usage, and overall power consumption, you can easily compare and avail of the best deals near you. 

Why compare power prices?

Not all electricity companies offer the same package deal to homes and businesses in NZ. There are certain factors that determine how much they charge, which includes the following: 

• Cost of fuels - the cost of generating power that you used. 
• Transmission and Distribution Costs - this helps pay for the construction and maintenance of power lines that transport electricity from the national grid to your residence. 
• Metering - the cost of reading and maintaining your electricity meter. 
• Regulations - this goes towards efficiency programs and the cost of running the organizations that regulate the electricity industry, including the Electricity Authority.
• Market services - the cost of the organizations that manage the daily running of the electricity market. 

Considering that demand for electricity changes frequently, supply needs to change as well in order to match it.

Kiwis go through daily and seasonal patterns with power consumption usually highest during winter, the time when people use heating in their houses. While this is true in some areas, other regions may have a higher demand on hot summer days. This happens when farmers use large irrigation pumps or when turning on air-conditioning. 

Genesis Power Company 

Genesis Energy is one of the leading and largest energy providers in NZ with over 650,000 customer base nationwide. They retail electricity and gas through their main retail brands namely Genesis and Energy Online. 

To give customers reliable and affordable services, they generate electricity from a varied portfolio of thermal and renewable properties in many parts of the country. Additionally, Genesis has a 46% in the Kupe Joint Venture, which owns and supports the Kupe Oil and Gas Field offshore of Taranaki, NZ. 

Varied energy rates

Genesis energy rates are based on two main factors. One is your current address and the number of occupants at your place. You can choose between their Low and Standard User rates to determine which Genesis Energy Plan is the right one for you. 

Free Power 

Genesis Power Shout is a ‘thank-you’ perk for signing up with Genesis Energy. This gives you the power to customise your free electricity to whatever time suits you. No more worries about the spike in costs as the total power usage will be credited back to you on your next invoice.

Earn FlyBuys Points 

Other than adjusted power rates and discounts, you can also get Flybuys rewards for the energy you use daily, which points you can use for travelling and purchasing kitchen tools and equipment like an air fryer, speakers or even a wristwatch, if available. 

Energy IQ App 

This is the Genesis power app that allows you to monitor your energy consumption using your phone. By signing up to Energy IQ you can start tracking your electricity consumption and get an idea of how much power you’ll use up in the following week. This also helps you to stay on top of your energy usage per month.

Genesis Power Residential Pricing Plans 

Classic Plan

This is Genesis’ cost-effective power plan best for homes that use 8,000kWh or less of electricity per year. For those located in the South Island regions, you can select this plan if you’re using less than 9,000kWh a year. 

Household Plan

This plan is generally suitable for households who are higher energy users or those using 8,000kWh and 9,000kWh a year for North and South Island customers, respectively. 

Variable charges differ based on the type of meter you have which includes the following: 

• Anytime Rate covers the supply of electricity at the same price 24 hours a day.
• Controlled Rate covers selected appliances that are permanently wired to a separate meter like a hot water cylinder. 
• Composite Rate covers controlled rates where electricity is supplied via a single meter.
• Day/Night Rate covers usage for day (7AM to 11PM) and night (11PM to 7AM) of customers who use an above-average amount of electricity.
• Night Only covers the supply of electricity to a separately metered appliance that is used only at night, e.g. a night storage heater. Typically this will be for an 8 hour period between 11PM and 7AM.
• Night Plus/Night Boost covers the supply of electricity to a separately metered appliance that’s used only at night, such as a night storage heater between 11PM and 7AM. 
• Triple Booster covers electricity supply to 3-register meters with consumption of more than 25,000kWh per year. Triple Saver has different rates at night between 11PM to 7AM, peak between 7AM to 11AM and 5PM to 9PM, and its off-peak times are between 11AM to 5PM and 9PM to 11PM.
• Day/Night (controlled) covers a controlled supply of electricity to selected appliances that are permanently wired to a separate meter. Rates vary during daytime (8AM - 12AM) and night (12AM - 8AM).

Compare power prices using our comparison tool and save on your monthly power bills today!