Power companies NZ are many, 35 in total to be precise, and each and every one of them offers certain benefits. Comparing their offers comes in handy, especially given the fact that electricity generation is a costly issue and certain to skyrocket further.
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According to recent research, more than one-third of the New Zealanders are afraid of further electricity cost increments, but a surprisingly small percentage of them has thought of switching to a new retailer. The main reason, as ever, seems to be ignorance. Others also come to mind: 2016 saw one of the warmest winters on record, so the 2017 prices are an exception rather than a rule, some may say.
Not meaning to upset you, but the facts point to the opposite direction. Not only in NZ, but worldwide, the cost of electricity generation is rising, and the growing population doesn't help the case. With electricity remaining the main choice of the majority in cold winter months, the situation will only escalate further. Seems like it's high time we all switched to a sustainable, low-cost power plan.
Power companies may well be abundant, but electricity bills still need deciphering. Knowing how to interpret what you see on the bill is the best starting point to pinpointing a viable long-term power plan. Speaking of which, there are two types of plans: standard and low user ones. The difference is in fixed and variable rates, and these may well make all the difference in the world when snow keeps falling without seeming to ever stop.
Compare power plans at Glimp to get the idea of what exactly we are ranting about. A single cent off that kWh, multiplied by the number of days a month, does add up to the bill. Standard plans stipulate low variable charges of 20 to 30 cents per kWh. Low user plans imply high variable charges of 25 to 40 cents per kWh and low daily fixed charges of up to 30 cents a day. If your household consumes up to 8,000kWh or 9,000kWh (the upper limit depends on the location), you qualify for a low user plan.
Why is this difference important? If unfamiliar with the terminology, it's time you learnt that you get to pay a daily fixed charge regardless of your household's electricity usage. It covers the cost of network maintenance and additional services. A variable rate charge reflects the electricity you use. The lower this rate, the lower your monthly bill.
A variable charge actually covers more options, which depend on your location and the meter your household has installed. Some of the most common ones are anytime (same variable rate throughout the day), TOU (time-of-use; high rates during peak hours and low rates during off-peak hours), controlled (low rates during off-peak hours), day/night (high rates from 7am to 11pm and low rates from 11pm to 7am), and night only (selected appliances get supplied from 11pm to 7am).
If uncertain of the variable charges applicable to your meter, make this the starting point of your research. Considerable savings are easily made in the long run based on a proper calculation. Word!
Recognising best power companies New Zealand has to present relies on your actual needs, location, and the meter in question. That is to say, there is a considerable number of electricity plans that may help your case, and considerably at that, so how do you single out the best one?
Start by comparing power companies NZ. You can do that within minutes here at Glimp. Use our comparison tool to help you narrow the selection down and go from there. A full list of electricity retailers is provided below (listed alphabetically, not by current rankings):
At the moment, Electric Kiwi is the best-rated power company, so, being way smaller and less omnipresent, kudos to them for replacing the long-standing list topper Powershop. Electric Kiwi offers no-term contracts at no signup fees and fairly reasonable rates. The latter may be applied to many other retailers since, as stated already, your location plays an important role in the matter. Therefore, make sure to compare all power retailers and plans at Glimp!
All power companies NZ offer one discount or another, and many of them more than one. Generally speaking, it is safe to count on prompt payment discounts, but make sure to compare the percentage. Some providers offer 10%, others up to 20% discounts. A considerable difference, especially if the rate costs are similar. Email correspondence usually adds to up to 2% and is offered far and wide.
As for other benefits, there are as many as power companies. As to not get sidetracked, best compare your expectations to the actual offer, which is tempting to say the least. From bonus discounts for dual accounts (gas and electricity) to incentives through partnerships, you will truly get to choose away. Finally, don't forget to factor in taxes, rebates, and any additional fees that may apply. Use Glimp's comparison tool to help you filter these variables out and switch today! Goodbye surging electricity prices - say hello to the new era of joyous winters!
Yes, we do love the Starks of Winterfell.
Compare power companies and low user plans at Glimp today!
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