Monday , June 21 2021

A five-minute job that could lower your electricity bill by $ 400



A five-minute job could save many New Zealand households nearly $ 400 a year on their electricity bill, says Consumer NZ.

Electricity prices are expected to rise this winter, and consumers are encouraging Kiwis to check to see if they are in the right plan on the Powerswitch energy comparison site.

Consumer NZ research has shown that electricity costs are a major concern for one in three New Zealanders, with 17 per cent reporting problems with paying their electricity bills.

CEO Jon Duffy said electricity prices are increasingly likely to rise over the winter, with some energy companies raising prices last month.

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However, a visit to the Powerswitch website run by Consumer NZ could save the average household $ 388 a year.

Electricity prices are expected to rise this winter, and Consumer NZ is encouraging New Zealanders to check to see if they have the right plan.  (Photo file)

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Electricity prices are expected to rise this winter, and Consumer NZ is encouraging New Zealanders to check that they are on the right plan. (Photo file)

“Consumers can switch to hundreds in less than five minutes,” Duffy said.

“New Zealand has low switching rates in the energy field. Only 20 percent of households change annually. “

Most of them were people who moved around their homes, and only 6 percent of households moved to a more competitive level.

The most common New Zealand power switches are found in Auckland, Canterbury, Waikat and Nelson. The lowest exchange rates were in the West Coast, Marlborough, Northland and Southland.

“As the energy market continues to fluctuate, it pays to shop, so we encourage households to regularly check to see if the plan they have remains the best offer for them,” Duffy said.


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