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

 

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news