Compare Power Companies NZ
Compare Power Companies has never let anybody down and will work hard to get an exceptional outcome for the customer. We bring electricity industry processes and knowledge and we will tell customers what power companies dont. If you need to change suppliers, we will arrange for the contract and organise the switch.
We stand by our work and will go out of our way to make the right outcome happen.
If staying put and doing nothing is the right thing, then we will tell you even if it means that we get little or no return.
We cant always help everyone, for sometimes the contract they on is very good in the current market or it prevents us from effecting a change that we know will benefit the customer.
What happens when you dont use Compare Power Companies and try to negotiate power contracts internally?
Purchasing officers although they have good intentions, dont tend to have the electricity knowledge, or the understanding of the processes of different power companies, and may miss ways to save money that is obvious to an energy professional. Saving money on using a professional is a form of false economy for there is a missed potential or opportunity.
We have knowledge of an owner of large group of service stations who has a net usage of 2,000,000 kilowatts annually over 16 sites, and they preferred to negotiate a new supply agreement internally and without assistance. Compare Power Companies knew the sites, and was aware that some of them would have benefited from changing to NHH and could have made that happen. Did the customer get good time of use pricing? Possibly they did, but they missed out on significant potential savings from the sites that could be changed, and that was a lost opportunity
There is always something within a power supply invoice to critique, whether it is the capacity charge, the metering configuration, or the meter reading, with the larger the account, the greater the cost of any mistake, and they do happen.
We provide regular industry updates via our facebook page
For our regular energy market updates, https://www.facebook.com/comparepowercompanies
Compare Power
Time of Use electricity pricing
We can compare your current pricing and also compare any new offer.
Read MoreCheapest Business Electricity Supplier
We will personally find you the right energy deal. We will look past just the basic pricing and if it is possible we can recommend that the fuse size is looked at?
Read MoreTime of use to NHH pricing
We know the system and process and can work with and give instructions to Power Companies to change from time of use to NHH pricing
Read MoreAnalysing costs with actual data
We will gather your usage in the correct format to provide an accurate annual cost analysis.
Read MoreBusiness Gas options
We can also check natural gas prices and costs, arranging for new prices if needed.
Read MoreBusiness Gas and Electricity Suppliers
Our aim is to ensure you get the best deals available. If you are on a good deal we will tell you, if not we will get it for you with your permission.
Read MoreCompare Electricity Prices
Comparing the business electricity market to find the best deal is difficult and time-consuming. We’ve got the solution, and we’ll save you money.
Get in Touch
What Our Customers Say
How We’ll Find You the Best Energy Deal
We listen to YOU. We’ll start by assessing your electricity usage history, and we’ll find out about your future requirements.
Energy pricing and analysis independantly
At Compare Power Companies, we provide services and electricity advise to business owners all over New Zealand.
We have a facebook page with up to date insight into the electricity industry along with views and opinions on market trends and certain products and contract clauses that we find. https://www.facebook.com/comparepowercompanies
Request a Quote
Complete the form, and a member of our team will get back to you.
Tips When Considering your energy costs
There is never a bad time to check
Electricity prices are on the rise as they are a commodity and the pricing does vary between the different power companies.
Never assume that you are getting a good price because a power company rep has told you so. Over time it may get better because of rising wholesale prices, but the key is to check the market on a regular schedule especially if you have volume. Understand when your contract starts and finishes and understand if changes like adding solar will have an adverse affect.
Not everyone has the time or energy ( no pun intended) to do this, which is where an energy consultant can be useful. We can go places customers dont know about and can look past the obvious.
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Energy Prices Can Fluctuate and they do
People want to know if they are getting a good deal, if it is still a good deal down the track, or if there is something better.
If you go to power companies yourself, what will happen is they will ask for a copy of your current account, and will immediately try and beat the pricing but not by much, just enough to give you a taste. You will not get super hot prices because they want to give the taste of the sugar but keep the majority of the sweetness for themselves.
You also wont get offered anything that will increase the power companies cost even if it saves you hundreds or even thousands of dollars.
That doesn’t mean that it isn’t available, it just means that you are not being offered it.
Riding the spot market?
If you have the right pricing it is very possible to ride the spot market but that comes with considerable risk. If you have volume, then you may potentially have higher prices than current contract pricing. Yes you can also have cheap pricing but it comes with a huge risk, and unless you are constantly checking the market or have someone do that for you, the monthly bill can blow the budget in a high wholesale market. As we speak the current wholesale price of electricity is $348.44/MWH from the Islington GXP or the equivalent of 34.48 c/kwh. ( 19/12/2023 13:15) which is very high. Renewable energy generation is 86%.
It is possible to accomplish it for last year I had customers being supplied on the spot market, but I was providing weekly updates and reports, and I advised when they should come off the spot market and they all heeded the advise. Did those customers save money by being on spot prices? Absolutely for 3 months the price of energy was priced from 2.5 c/kwh – $4.5 c/kwh or $25.00 MWH – $45.00 MWH. Last year and this year are 2 very different years in the power industry. Last year, the south Island lakes were 144% of the storage capacity for this time of year, this summer year 2023, we are at 98% and we are into an El Nino weather pattern.