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

 


Record number of power switches in 2013

Electricity Authority reports a record number of power switches in 2013

The number of Kiwis shopping around for a better power deal continues to rise, with an 11 per cent increase in recorded switches in 2013, compared with 2012.

There were a total of 396,376 completed switches in 2013, compared with 356,881 in 2012.

“It is great to see so many Kiwis exercising their choice to switch electricity suppliers and realising the cost savings and other benefits they can get from shopping around,” Electricity Authority Chief Executive Carl Hansen says.

“We’d encourage everyone to use the What’s My Number online tool to check what deals are available. Even if you have already switched, it’s important to keep checking your options regularly.”

What’s My Number spokesperson, Judy Bailey, says finding out if you’re getting the best deal for your power is quick and easy.

“The What’s My Number online tool is simple to use, it only takes a couple of minutes – if you can potentially save money, why not check?” she says. “As winter begins to bite, now is a really good time to look at your provider. We all have different needs – depending on our lifestyle and where we live. What’s My Number gives us an easy way to find out whether we’re getting the best possible deal.”

The average annual household saving in 2013 was $155, but checking your power deal doesn’t always have to be about how much money you could save.

“It’s also about looking into different providers which might offer different deals or incentives. Some might be a better fit for you, because they offer reward points, while others may check your meter online instead of coming to your house. It’s all about finding the best fit for you.”

Carl Hansen adds, “Shopping around for a better power deal is all part of maintaining a competitive market. Retailers are offering different deals to attract different customers, making checking very worthwhile for all households.

“Checking also doesn’t have to mean switching – we are seeing more retailers offering discounts as an incentive to stay with an existing supplier. The key is having informed customers with the ability to choose a deal that best suits their needs.
“We’ve heard reports that residential consumers are being offered between $80 and $300 per year in discounts, which effectively gives them a price reduction ranging from 3.7% to 13.8% for an average customer.”

What’s My Number is run by the Electricity Authority in partnership with Consumer NZ, putting choice in consumers’ hands by helping them to shop around. To find out if you’re getting the best deal for your power, visit www.whatsmynumber.org.nz and don’t forget to check!

---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