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

 

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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