Sharechat Logo

Thousands switch electricity providers in January

Tuesday 15th February 2011

Text too small?

A record number of New Zealand households switched electricity providers in January, according to figures released.

Electricity Authority figures reveal 23,229 households switched their electricity supplier last month, the highest for January in more than 10 years.

However, the number of households switching suppliers was the lowest rate recorded in the past 12 months, down from more than 30,000 each month over winter, but up 6% from the same time last year.

Genesis Energy, New Zealand's second largest electricity retailer grew its customer base 0.3% with 1534 new customers.

Online electricity retailer Powershop had 1226 new customers sign-up, a 5% increase, taking the company to 25,199 customers for the first time.

Powershop chief executive Ari Sargent said despite the slow down in switching rates the figures were encouraging considering the summer holiday period was traditionally slow.

"The fact that switching numbers for January are the highest in over a decade shows people are increasingly becoming aware there is a better deal out there," he said.

Sargent said the more people shopped around for the best deal, the more companies would be forced to keep prices competitive.

The Electricity Authority, which succeeded the Electricity Commission, is an independent Crown entity responsible for the efficient operation of the New Zealand electricity market.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

New Zealand Rural Land Company Limited (NZX: NZL) Agreement to acquire large scale dairy asset portfolio
EROAD Limited (NZX: ERD) launches Clarity Solo Dashcam
22nd October 2021 Morning Report
Pictor ready to roll out game-changing COVID antibody test in New Zealand
Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto