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Selectra New Zealand
Updated May 2026

All 22 electricity retailers in New Zealand

From the Big 4 gentailers, Genesis, Contact, Mercury and Meridian, to 18 independents like Electric Kiwi, Octopus and Nau Mai Rā, here are every electricity company a Kiwi household can switch to today.

100% free comparison. Logos & live plans. Updated weekly.

22

Power retailers compared

4

Big-4 gentailers

~85%

Power from renewables

$400

Average switching saving

New Zealand’s household electricity market is dominated by four major gentailers: Mercury, Genesis, Contact and Meridian — companies that both generate and retail electricity. Together they supply the vast majority of residential connections.

Around them sit 18 independent retailers like Nova, Pulse, Electric Kiwi, 2degrees and Octopus Energy, competing on price, flexibility and bundles. Most of NZ’s power still comes from low-cost renewable sources — but wholesale prices are set by the highest-cost thermal plant, which keeps household bills elevated.

Every retailer in NZ

Compare all 22 New Zealand power companies

Filter by the services each retailer offers — electricity-only, full bundles, gas, broadband, mobile or insurance.

Big 4
Genesis Energy logo

Genesis Energy

Largest retailer

The biggest electricity and gas retailer in NZ. Thermal generation at Huntly plus growing renewables. Bundles power, gas, broadband and mobile.

electricity gas broadband mobile
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Big 4
Contact Energy logo

Contact Energy

Geothermal leader

Major geothermal generator with electricity, gas, broadband and mobile in a single bill. Strong app for managing prepay and bottled-gas refills.

electricity gas broadband mobile
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Big 4
Mercury Energy logo

Mercury Energy

100% renewable

Markets itself as a fully renewable retailer powered by hydro and geothermal. Owns Trustpower retail base — strong on power, gas, broadband and mobile.

electricity gas broadband mobile
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Big 4
Meridian Energy logo

Meridian Energy

Hydro & wind

New Zealand’s largest renewable generator, powered entirely by hydro and wind. Strong solar buy-back rates and EV-friendly plans.

electricity broadband
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Electric Kiwi logo

Electric Kiwi

Free hour of power

Famous “Hour of Power” free off-peak hour every day. Customer-favourite for digital experience and EV plans.

electricity broadband mobile
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Octopus Energy logo

Octopus Energy

Smart & green

Global green-energy disruptor known for transparent tariffs and tech-savvy EV plans like Intelligent Octopus.

electricity
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2degrees logo

2degrees

Bundle deals

Telco-turned-power-retailer bundling electricity with mobile and broadband for one combined monthly bill.

electricity broadband mobile
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Nova Energy logo

Nova Energy

Power + gas + LPG

Todd-owned retailer with electricity, natural gas, LPG and broadband. Strong fixed-price plans across both islands.

electricity gas broadband mobile
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Pulse Energy logo

Pulse Energy

Full bundle

One of the few retailers offering electricity, gas, broadband, mobile and insurance under one roof.

electricity gas broadband mobile insurance
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Frank Energy logo

Frank Energy

Simple pricing

No-frills retailer focused on straightforward, low-cost electricity plans for households across NZ.

electricity
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Powershop logo

Powershop

Buy power in advance

App-driven retailer that lets you buy power packs ahead of time at discounted rates. Owned by Meridian.

electricity
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Ecotricity logo

Ecotricity

Toitū certified

New Zealand’s first Toitū climate-positive certified electricity retailer. 100% renewable energy.

electricity
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Megatel logo

Megatel

Full bundle

Wellington-based retailer bundling electricity, gas, broadband and mobile, with a focus on small businesses too.

electricity gas broadband mobile
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Globug logo

Globug

Prepay specialist

Genesis-owned prepay power service. Top up your account when you need it, no credit checks or sign-up fees.

electricity
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Black Box Power logo

Black Box Power

Smart-meter savings

Pass-through wholesale pricing — pay the spot rate plus a flat fee. Best for households happy to shift consumption.

electricity gas broadband mobile
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Grey Power Electricity logo

Grey Power Electricity

Pensioner-friendly

Pulse Energy plan tailored for Grey Power members. Loyalty discounts and bundles across all five home services.

electricity gas broadband mobile insurance
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Just Energy logo

Just Energy

No-contract

Independent retailer offering electricity and natural gas on simple no-fixed-term plans.

electricity gas
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Nau Mai Rā logo

Nau Mai Rā

Whānau-focused

Aotearoa’s first kaupapa-Māori electricity retailer. Not-for-profit, tikanga-led service for whānau under energy hardship.

electricity
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Slingshot logo

Slingshot

Telco bundle

Vocus-owned telco that resells electricity alongside its broadband and mobile plans, with multi-product discounts.

electricity broadband mobile
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Toast Electric logo

Toast Electric

Online-only

Online-first retailer with no call centres — cheaper rates funnel back to customers as monthly bill credits.

electricity
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Tensor logo

Tensor

Smart EV plans

Smart-meter retailer with dynamic time-of-use pricing aimed at EV owners and tech-friendly households.

electricity
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Wise Prepay Energy logo

Wise Prepay Energy

Prepay

Prepay electricity option with no fixed term, no credit checks, and the ability to top up online or in store.

electricity
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Services at a glance

Who offers what across NZ

Some retailers stick to power. Others bundle gas, broadband, mobile and even insurance into a single bill.

Power Gas Broadband Mobile Insurance

Last updated: May 2026. Service availability varies by region — check directly with each retailer.

5 things to compare

How to pick the best NZ electricity supplier

There’s no single “best” retailer — the right one depends on your usage, region and priorities.

Competitive pricing

Compare c/kWh rates AND daily fixed charges. A cheap unit rate can hide a high standing charge.

Renewable energy

Mercury, Meridian and Ecotricity sell 100% renewable plans if a lower-carbon footprint matters to you.

Customer service

Check independent reviews and complaints data. App-driven retailers like Powershop and Electric Kiwi score well.

EV & off-peak plans

If you charge an EV at home, Octopus, Tensor and Electric Kiwi offer free or ultra-cheap night-time EV rates.

Solar buy-back

If you have rooftop PV, the right retailer can pay 12–17 c/kWh for exported solar — a big chunk back on your bill.

Bundles & loyalty

Pulse, Megatel and 2degrees stack discounts when you combine power with broadband, mobile or gas.

What you’ll pay

How much is the average NZ power bill?

As of late 2024, the average Kiwi household used about 7,107 kWh of electricity per year. At an average rate of 33.89 c/kWh, that works out to roughly NZ$200 per month, or NZ$2,400 per year.

$269

Kerikeri / month

$268

Westport / month

$184

Christchurch / month

Smaller and more remote towns typically pay more because supply and distribution costs are higher.

Regional variation

Why electricity bills vary across Aotearoa

Three big factors explain why two households on the same retailer can pay very different amounts each month.

1

Where you live

Rates change region by region. It costs more to maintain lines in remote and rural areas, so households there often pay more per kWh.

2

How you use power

Heat pumps, electric hot water and winter heating push consumption up. Larger households naturally use more electricity than smaller ones.

3

When you use power

Time-of-use plans reward shifting laundry, dishwashing and EV charging to off-peak hours, when wholesale electricity is cheapest.

Switching FAQ

The Selectra expert answers your questions

Switching electricity providers in New Zealand is quick and straightforward. Once you sign up with your new retailer, the switch takes a few business days up to around two weeks. Your electricity supply is never interrupted — the new supplier coordinates with the old one to transfer your account.

If you have an outstanding balance with your previous electricity supplier, you cannot avoid payment by switching. The old supplier may chase the debt through reminders or debt collection. You will need to settle any overdue charges to keep a clean payment record for future accounts.

Most New Zealand electricity providers do not charge exit fees on standard residential plans. However, some fixed-term and promotional plans include early-exit fees, so always check the terms of your current contract before signing up with a new retailer.

Yes, you can switch electricity suppliers while on a fixed-term contract. Some retailers include a break fee that applies if you terminate before the term ends. Read the small print, and weigh the break fee against the savings on your new plan.

There is no single cheapest retailer: it depends on where you live, how much power you use, and whether you qualify for a low-user tariff. Independents like Electric Kiwi, Octopus Energy and Contact typically appear near the top.

Meridian Energy and Mercury generate from hydro, wind and geothermal only. Ecotricity is the only Toitū climate-positive certified retailer. Mercury-owned Powershop is also fully renewable.

Ready to switch?

Save up to NZ$400 a year by changing power company

Browse our retailer guides to learn which company fits your usage best, then check live unit rates and daily charges across regions before you sign up.