Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


A good time for an electricity check-up

For immediate release

Media release: A good time for an electricity check-up

28 February 2014

New Zealanders made a record number of electricity retailer switches in 2013. As electricity retailers update their pricing plans for 2014 taking into account increases in distribution and transmission charges, the Electricity Authority is encouraging all consumers to review whether they are still on the best deal.

In 2013, 396,383 consumers (19.75% of all consumers) switched electricity suppliers compared to 356,751 consumers who made switches in 2012.

Carl Hansen, Chief Executive of the Electricity Authority says, “this increased switching activity is incredibly positive as it shows that consumers are realising how worthwhile and easy it is to actively shop around for the best deals.”

Electricity retailers will typically make any changes to their current pricing plans in autumn because most line companies adjust their regulated prices from 1 April. To help encourage New Zealanders to be more informed on their electricity options, the ‘What’s My Number’ television advertising will be running over the next few weeks.

The campaign is designed to encourage consumers to identify whether they could make any savings by altering their current plan or retailer.

The point of the campaign is to add to the competitive pressure in the electricity market explains Mr Hansen.

”The more people who actively compare their options, the stronger the competition is among retailers. In fact, switching rates are only part of the equation. What’s most important is that all consumers are actively shopping around for the best deal. Simply having a chat with your current provider can help you sharpen up your deal.”

To find out more check www.whatsmynumber.org.nz  .

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news