Cheapest Electric Companies in NZ

Finding the right plan for your home electricity can be easy when you compare power deals here at glimp! With our catalogue of over 30+ electric companies all over NZ, you will surely find a power plan that will best suit your needs and budget!

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Sources of Electricity in NZ

Hydroelectric

There are four major sources of energy in New Zealand, one of which is hydroelectric power. This has been a key part of the country’s energy system for around 100 years. So far, Hydroelectric power remains to hold a big percentage of 56% of the total electricity generation in NZ.

Geothermal

Another renewable energy source is geothermal power that is being generated in the Taupo Volcanic Zone. Originally used by central North Island Maori, geothermal energy was utilised for cooking, heating, therapy for different types of illnesses. In 2017, geothermal power accounted for around 17% of NZ’s electricity.

Wind

Wind energy has been a source of energy in many countries including New Zealand. Today, 17 wind farms are operating with an installed capacity of 690 MW, and supply 6% of the country’s annual power generation — about the same amount of electricity as 300,000 Kiwi households use yearly.

Non-renewable

Some of the non-renewable energy sources are oil, natural gas, coal, fossil fuels, and uranium.

These are typically the least generation source to be used, only however when it is absolutely necessary to maintain electricity to homes and businesses in some parts of NZ.

Frequently asked questions

How much renewable energy is being used in New Zealand?

Over 80% of electricity is generated from renewable sources in the country. The rest are generated from oil, gas, and coal, mainly for running cars and vehicles.

What are the cheapest Electric Companies in NZ?

There are several electric companies that offer affordable electricity plans for every household. Trust Power, Mercury Energy, Nova Energy, and Pulse Energy are some of the cheapest power ventures you can rely on for your electricity needs.

How do I know how much my electricity cost will be?

When you purchase a plan, let’s say with Trust Power, you will be charged $1.97 daily for a Standard User Rate, and $0.30 a day when you switch to a Low User package.

Bruce Thornley , 2024-12-10

Jordan was patient, pleasant and took the time to answer all of my questions. She made sure that I understood all the steps and was clear and concise in her replies. Jordan first verified that I was the person paying the bills and ascertained that my husband had already expressed a change to Pulse but wanted to speak with me first. As we are both older, we appreciate that Jordan had taken the time to ensure that we understood the importance of a smart meter as there are two dwellings on this meter.

Selena Hoani , 2024-10-16

Filomena had amazing customer service! She was very polite and respectful. She also was great at listening to my needs and offering solutions with options that had great savings. I would give her 10 stars if that was an option. If I decide to go ahead I would choose to go have her help me again. I have not had the best experience in the past with customer service reps so I would like to thank her for making this experience a good one. Kind Regards, Selena

Sandra Aikin , 2024-11-26

My discussion with Tyron Kumar went very well. He was very patient and polite with my lack of knowledge of GBs etc. On the basis of our conversation I felt confident enough to change to 2 degrees immediately. I didn't give five stars because the sound was poor. It seemed as if there was a constant noise in the background and Tyron's voice had a slight echo as well.

Shelley Bruce , 2024-10-14

Thanks for the call and check in. You recommended I stay with my current provider as the rates were top notch. I'll touch base again in the next 12-18 months, you made it super easy. Great friendly and confident salesperson.