It’s in our name – we compare power companies to help your business get the best possible deal on electricity. When you hire us, we’ll do a thorough analysis of your company’s power usage and plans for the future, and we’ll then use our knowledge, expertise, and contacts in the industry to get a deal that will save you money and meet your needs.
We will tender your electricity through broker channels to get the best electricity price available, and we will compare prices from some of the top electricity providers.
Once you have made the choice we will arrange for contracts and the account setup so that all you have to do is accept the offer.
Get in touch with us today to find out more.
We have extensive experience in the New Zealand electricity industry,Read More
We are not tied to any power companies in New Zealand. As a result, you’ll get independent advice based on your requirements.Read More
We’ll analyse your existing contract and usage history before exploring the deals currently available to find the best one.Read More
We have extensive contacts in the industry, so we have access to deals and offers that might not otherwise be available to you.Read More
Using my expertise, knowledge, and experience in the NZ energy industry, I have developed a tried and tested process for finding the best business school or farm electricity deals.
At Compare Power Companies, I provide power comparison services to companies all over NZ, ensuring they get the best possible energy deals. I have extensive experience and contacts in the industry, and you’ll be working with the owner-operator of the business when you contact us.
In other words, our service is not an automated or algorithm-based system. Instead, you’ll get a personal level of service and expert advice fully customised to your needs. I am fully independent, so I compare all power companies in NZ to find you the best deal for your business school or farm, and I’ll negotiate on your behalf.
Then once you switch, I’ll analyse the first bill from your new provider to ensure you are paying the correct price, i.e., the price you received in your quote. To find out more about our service to compare electricity and gas prices for NZ businesses or homes, please give us a call today.
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Look at All the Costs Involved
Consider the costs, including the fixed daily charge and the cost per kilowatt hour. Most power company bills are made up of both elements.
This, of course, is where comparisons can get tricky. For example, you may have one power company that charges a lower fixed daily charge, whereas a different company could have a lower cost per kilowatt hour. This is just one of the many permutations that can exist. They all make it challenging to do comparison calculations.
Energy Prices Can Fluctuate
With the cost element of your consideration, you also need to think about fluctuations. Power companies purchase their electricity and gas on the wholesale market. However, wholesale market prices can vary considerably. The things that impact the wholesale cost of energy include:
Power companies try to smooth out price fluctuations by purchasing gas and electricity in advance and by using a range of complex financial tools. However, there are still occasions where prices can change, usually in an upward direction, although the prices charged by power companies do also come down when wholesale costs reduce.
So, when you are signing up to a new provider (and when analysing your existing provider), one of two situations will apply. Either you will be in a variable plan where the amount you pay can go up or down, or you can get a fixed plan that locks the rate you pay. In the latter situation, it doesn’t matter what happens on the wholesale market, as you will pay the same rate.
Fixed-rate plans usually last for a couple of years, and they can save you money when power companies have to put their prices up. However, often the flip side also applies, i.e., you won’t get the benefit of a price cut if the power company lowers their prices as wholesale costs fall.
Offers and Promotions
Power companies run offers, discounts, and promotions all the time. Examples include giving you a credit if you switch to them or giving you a discount if you pay your bill within a certain period of time.
It is important to consider these discounts and promotions over the long term, ideally over the minimum term of the contract. This is the only way to understand if you will actually save money, or whether other costs that are part of the deal wipe out the discount over time.