Choosing a power provider or switching to another one doesn't have to be complicated. The energy market is very competitive, which means NZ power providers offer many benefits to consumers, so you can be sure to find one that suits your needs. While there are plenty of options to choose from, it can be overwhelming once it's time to pick one. Remember that your provider is responsible for the rates you pay for your electricity, so it's essential to do proper research before switching or committing to a contract.
Each household differs with their energy usage. The energy you consume monthly differs from your friends and neighbors, so try not to compare with theirs when finding an energy provider or choosing a plan.
You might want to consider switching if:
Here are some factors to consider to help you understand and select an energy provider confidently:
There are many sources of energy available out there, such as natural gas, electric, solar, and renewable, so it's best to know what kind of energy your home will need and if the provider offers it. Make sure to check if the rates include any taxes, charges, or fees.
Understanding your place's energy cost gives you a better idea of what type of power plan will be best for your daily needs. Find out how much you spend on electricity by checking your monthly bills from your current provider, and comparing them to what the other suppliers offer.
A simple google search can easily give you an idea if the energy provider you're planning to choose is well-established, has good reviews, and has a wide range of plans to choose from. Make sure to check reviews about their customer service and pick one that replies promptly to concerns and queries from their customers.
After doing the first three, it's time to figure out how long you want to commit to a contract. It's important to know this as most power providers have a cancellation fee if you suddenly plan to quit or switch to a different one. Not to worry, though, as they offer several options for you to choose from, such as open term, 12 months, or 24 months, depending on the energy provider. Getting an open contract is an ideal choice because this allows you to cancel any time without being charged.
Still, you might want to consider a long-term contract to maintain a fixed rate on your power, especially if you're least likely to move places or if you're worried about the increasing power rates.
There are two types of power plans in New Zealand: Low User and Standard User. Identify which type you belong to because most power providers charge different rates based on the type you signed up for. This means that if you're on the wrong kind of plan, you may be spending more than you should on electricity.
If you don't know which type you fall into, there are many quizzes and guide questions available online to help you. You may also consider some factors such as the number of people in your household, or if you're using gas for cooking and water heating. You can also check your bills to see your kWh history over the past 12 months, and if you're using less than 8000 kW/h units a year (9,000 kWh for the South Island), you may choose a low user plan.
A competitive market may be overwhelming, but it can also be a great thing for consumers. There are numerous power providers in New Zealand, which is why most of them offer unique perks, a wide range of add-ons, and rewards, especially for new customers.
Don't settle for less when choosing a provider and plan. Pick one the offers monthly discounts and rewards. You can also check if they offer bundling options for electricity, gas, broadband, and other utilities, as they are often cheaper than if you get them separately.
Why go through the hassle of researching for hours when you can just compare them all in one place? Find the right power plan for you in just a few minutes with CompareBear! Our easy-to-use comparison tool that lets you compare plans and deals from leading power providers in NZ at a glance. Once you've decided on a plan, you may also ask us for assistance to make the process easier for you.
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