What is Powerswitch?
Powerswitch is a free service that helps you work out which power company and pricing plan is best for you. Using our comprehensive database of electricity and gas prices, it's easy to compare plans and find the cheapest deal in your area.
How is it funded?
Consumer Powerswitch is supported by Consumer NZ, Electricity Authority, Gas Industry Company and the following retailers: Contact Energy, Ecotricity, Electra Energy, Electric Kiwi, Flick Electric Co., Genesis Energy, GLO-BUG, Energy Online, Mercury, Meridian, NextGen Energy, Nova Energy, P2P Power, Paua to the People, Powershop, Pulse Energy, Tiny Mighty Power, Trustpower.
What can I use it for?
Powerswitch is designed to provide comparisons for primary residences and not businesses or baches. If you are using Powerswitch to compare plans for a non-primary residence, it's possible that some listed plans won't be available to you.
Powerswitch does not cover apartments as the separate agreements landlords or development companies may arrange preclude us from being able to give meaningful comparisons.
We advise consumers who want to switch to:
Important: before signing a rental agreement or buying an apartment, check you have a choice of power companies available to you. Check your tenancy or electricity supply agreement allows you to switch retailers. Otherwise you could be locked into a contract and have to pay whatever your building's electricity supplier (and any middle-man company) charges.
How do you estimate my energy?
We take the information you provide about your pattern of electricity and gas use, and information from your bill (if you provide it), and estimate how much energy you will use in a year.
Using this estimate, we compare the different pricing plans available to you and identify the cheapest. Results also include prompt and electronic payment discounts.
For electricity we take the information you supply and work out which parts are for general power, hot water and heating. For gas the uses are cooking, hot water and heating. We adjust these proportions for where you live, your type of hot water system and how you heat your home in winter. We also take into account the time of year covered in the information you give us - a bill for December is unlikely to include any power used for heating.
Household energy-use assumptions
In working out the amount of power each household uses we make the following assumptions:
In calculating the cost of electricity we make the following assumptions:
My plan isn’t listed
We work closely with providers to ensure we have a complete list of available plans on Powerswitch. If your plan is not listed please let us know.
However, all retailers from time to time make special offers to selected customers during marketing campaigns. Some companies also have a range of plans that are only available to existing customers who meet specific eligibility criteria. As these plans are not open to the general public, but only to customers to whom the company offers them, they are not represented on Powerswitch.
There are also some companies that are not listed on Powerswitch. Bosco Connect is the only supplier currently not included in Powerswitch as it only provides electricity to a limited number of apartment buildings.
Bill information we need
All the information we need to know is on your bill:
If you're on a plan with more than one meter you'll need to enter the amount for each meter separately. In some cases we will ask you about a meter that doesn't seem to appear on your power bill. You should put "0" in the box (this is because with some companies, if you haven't used any power they don't print the details on your bill).
If you wish you can add together the amounts from successive power bills and enter that information. Just ensure that you get the start date from the first bill, the finish date from the last bill, and that you don't have any bills missing in between.
What does the Powerswitch estimate include?
Powerswitch comparisons include GST, Electricity Authority levies, daily charges, unit charges, plus prompt payment and dual-fuel discounts (it's important to note that some retailers provide their customers with rates exclusive of GST and levies). There are discounts and fixed-term prices that are not publicly available so do not appear on Powerswitch.
Comparing bottled LPG prices
Powerswitch can be used to compare prices for electricity and natural gas; calculations for bottled LPG are not available. But you can select bottled LPG as an answer to the heating question. This will exclude the LPG part and give you a representative electricity comparison.
Low fixed charges
Electricity providers are required to assist low-use customers by offering them a low fixed charge tariff option of no more than 30¢ per day (excluding GST but after any prompt payment discount is subtracted). Your provider should inform you at least annually of whether it may be beneficial for you to switch to a low fixed charge rate.
The low-user plan is generally the best option if you use less than 8000kWh per year, or 9000kWh per year if you live in parts of the lower south region (all areas south of and including Christchurch, but excluding the West Coast).
The low-user plans have a lower fixed daily charge than the standard options and a higher variable charge for the electricity used. The amount of the variable rate varies depending on where you live and what type of meter you have. To qualify for a low-user plan, your home must be:
Problems with retailers
My bill hasn’t arrived
Although you are obliged to pay your bills, it is up to the power company to ensure it sends you bills within a reasonable timeframe. If you can't afford to pay all at once, tell the power company you will pay by instalment. You should receive a discount from the company when bills are very late.
My estimate is too high
Although power companies bill their customers monthly, they usually only send someone around to read the meter every second month. In each intervening month they send you an estimated account, based on your consumption over the previous years.
If you have good reason to think the estimated account is too high, make a payment to the company for what you think is fair, together with an explanation. If you know how, you could read the meter yourself.
If your estimated accounts remain persistently inaccurate, complain. There may be a bug in the system.
Complaining about a retailer
Utilities Disputes (formerly known as The Office of the Electricity and Gas Complaints Commissioner) is a free service that deals with complaints from consumers about electricity and gas retailers and distributors. Before it will consider your complaint, you must complain to the company concerned first. If your complaint is still not resolved, you can ask Utilities Disputes to consider your complaint.
To make sure there is no confusion about the nature of your complaint, we suggest you write to the company and head up your letter "formal complaint". The company generally has 20 working days to try to resolve your complaint.
You can ask Utilities Disputes to consider your complaint if:
What is a spot price?
A spot price is the price retailers pay when they buy electricity from the wholesale market.
Spot prices change every half-hour and can vary quite dramatically depending on supply and demand. Typically spot prices are higher during winter, and weekdays at breakfast and dinner time.
Some retailers now offer pricing plans based on spot prices. There are risks and benefits associated with this pricing model.
What does buying power at the spot price mean?
Most electricity retailers charge customers a flat rate. This means you pay the same rate for the electricity you use regardless when you use it, and regardless of the spot price your retailer paid. Residential customers can instead sign-up to a retailer that offers a spot price contract. This means what you pay for your electricity will vary depending on the spot prices.
Spot prices change every half-hour, so you would be charged a range of rates.
Buying power at the spot price has advantages. When spot prices are low, it may mean you pay substantially less for electricity than you would on a traditional retail contract where the price is the same all the time.
But, the same is true in reverse. If spot prices increase above the flat rates charged by retailers, you may pay substantially more than you would on a traditional retail contract.
Typically retailers will add a premium to your prices, to cover the risks associated with managing changing spot prices. So, because you are accepting the risk yourself, you won’t pay this premium.
What to consider
If you are considering a spot price contract you should think about whether you can:
budget for electricity bills that vary month-to-month and will sometimes be higher than a traditional retail contract
use less power at times when the spot price is generally higher (for example, by switching to alternative heating fuels like wood or gas)
temporarily reduce your power usage in response to particularly high prices by either:
using less power (for example, by having shorter showers)
shifting some power usage from higher-priced to lower-priced periods (for example, using a dishwasher, washing machine or dryer at off-peak times)
It may also be useful for you to:
actively monitor your power usage (if you have a smart meter, retailers often provide online tools or mobile apps to help you do this)
actively monitor spot prices (ask your retailer if they can provide online tools or mobile apps to help you do this). The WITS (Wholesale Information Trading System) website allows you to monitor current and forecast electricity spot prices throughout the country.
If you choose to take up a spot price contract but find it does not work for you, or you want to return to a conventional contract when spot prices are high, you may find that other retailers wish to impose conditions on contracts (for example, a fixed term agreement) if you want to switch to them.