How To Switch Power Companies In New Zealand

Finding the right power company and plan can be a hit-or-miss affair. You're lucky if you get it right the first time, but more often than not, it's easy to get swayed by a power plan that doesn't match our needs and budget. On top of that, electricity prices are constantly changing, so what might be the best deal for you right now may not be good for you after a few months. This is why it's a good habit to check if your current provider and plan are still compatible with your household or business consumption. After all, our electricity bill makes up a large percentage of our monthly expenses.

Here's one less thing to worry about. Make the switch easier with this guide.

How do I know if it's time to switch to a new power provider or plan?

Save hours of research! If you're thinking of moving to a different place or if you feel like you're paying more than you should, it might be time to make a switch. Looking for options and reading inclusions for each plan per provider is time-consuming, but thanks to modern technology, all you need is a comparison tool to find the right plan for you.

Consumer NZ's chief executive just recently expressed concerns that some consumers are not comparing power plans. Luckily for consumers, there's strong competition between electricity retailers, which means they do almost everything from offering lower prices to rewards and exclusive deals, to making sure they choose them among many options.

What is a comparison tool?

Think of a comparison tool as your reliable friend that's here to make the switch easier for you. It's an innovative tool that allows you to make a side-by-side comparison of power plans from all the leading NZ power providers. This comparison is done in one page, and is based on your location, budget, and overall power needs. No more multiple tabs open!

How it works:

Know your needs

Are you sure you're not paying more than you need for your household? The first step is knowing your needs and answering a couple of questions, including your address, current power provider, the number of people you live with, and more. The tool will use your information to give tailored results for you to choose from.

Assess your options

After getting the results based on the details you've provided, it's time to choose the best plan! The tool makes this process easier by showing your best options on one page plus important details such as power prices, customer ratings, and how much you'll be able to save if you choose the said provider and plan.

Time for a switch!

If you're switching to a new provider, you'll most likely get a new customer discount and other amazing deals a provider is currently offering, so watch out for those. Once you've decided which power plan to get, you can quickly sign up by clicking the "Sign Up" button, and you'll be directed to the power provider's website.

Does the habit of comparing plans really help?

The short answer is yes, definitely! It's essential to always compare options to make better-informed decisions. It'll help you save money on your electricity bill, which is one of the biggest expenses when it comes to utilities. The last thing you want is to waste your hard-earned money on a plan that doesn't meet your needs or suit your lifestyle.

I have a fixed contract with my current power provider. What should I do?

If you're in a fixed-term contract and are planning to switch to a different provider, give your current one a call to confirm if your contract includes a "break fee." A break fee is for terminating your contract earlier than the agreed terms.

Make sure to go over your contract again to see if there are any charges you will have to pay if you switch to a new provider.

Winter is just around the corner. Yet another reason for you to make sure you have the right power plan and provider before it arrives. 

Ready to switch? Try CompareBear's comparison tool today and get amazing deals when you sign up! Did we mention that it's also free?