If all Kiwi households had switched to the cheapest electricity deal in their region last year, they could collectively have saved $281 million. That's a lot of flat whites.

That's just one of the stats in the Electricity Authority of New Zealand's (EA) annual number-crunch of the residential power market, released on 28 July.

The EA says on average, Kiwi households could have saved $162 last year by switching to the cheapest power company.

Those with the most to gain from switching were folks from the Bay of Plenty, with $318 worth of average annual savings.

Estimated annual savings by region

  • Bay of Plenty - $318
  • Otago - $188
  • Wellington - $177
  • Taranaki - $161
  • Canterbury - $150
  • Waikato - $147
  • Auckland - $136

Whether it’s $100 or $300, it’s definitely worth spending a minute or two checking out whether you could be better off.

Compare our power pricing

We’ve tried to make it easier for people to shop around by introducing our own Bill Compare tool.

All you need is a recent bill and a spare minute to enter a couple of figures. You’ll be shown how much you could have saved on that bill by being with Electric Kiwi.

If you like what you see, it then just takes a couple more minutes to complete your details online to sign up with us.

And that’s it. You don’t need to worry about contacting your current provider – we do all that for you.

Happy shopping!