Megatel is one of the licensed electricity retailers operating in New Zealand, regulated by the Electricity Authority. On this page you will find every Megatel plan currently published in our comparator, with the tariff structure, fees, conditions and target audience for each one. Use it to understand what Megatel actually charges before you call them or sign up online.
Megatel domestic plan
Residential Electricity
Contract length
no fixed term
Exit fees
no exit fee
Solar buy-back
13c per kWh
How the tariff works
- Tariff type: a simple, anytime single‑rate electricity plan ("24 hours same rate per channel"). There are no peak/off‑peak time bands and no free‑periods. Charges comprise a daily fixed charge plus a variable usage charge per kWh, with variable rates including the Electricity Levy. Meter configuration (e.g., controlled/uncontrolled) and local network category determine the applicable rates.
- Plan term and structure: open‑term for the standard Simple Energy Plan (no fixed term, no break fee). Promotional variants may be on a fixed term (e.g., a 12‑month contract for a welcome‑credit), after which standard open‑term pricing applies unless renewed.
- Low‑User vs Standard‑User: Megatel offers both Low‑User and Standard‑User options (subject to eligibility). In line with the Government’s phase‑out of the Low Fixed Charge regulations, Megatel’s Low‑User daily charge is set at $1.50 per day from 1 April 2025 (before GST and after any applicable discounts). Standard‑User plans have a higher daily charge and lower per‑kWh rate than Low‑User plans; the better option depends on annual usage.
- How pricing is calculated: Your bill shows the number of days on supply (daily charge) and electricity consumed (per‑kWh charge) for each meter channel (e.g., controlled hot water). Energy is billed in arrears on a monthly cycle. If you export solar, a separate export line appears with a buy‑back rate (see Additional notes).
- Price per kWh and regional rates: Megatel does not publish a single nationwide price table; per‑kWh and daily charges are property‑specific and depend on your network and meter setup. For current rates, use Megatel’s address/ICP checker or contact Megatel directly.
- Northland, Auckland, Waikato, Bay of Plenty, Central North Island, Eastland, Taranaki, Whanganui, Wellington, Marlborough, Westland, Canterbury, Otago, Southland.
- Eligibility notes: A smart meter is not required for the anytime tariff itself. An import/export‑capable smart meter is required to receive any solar export buy‑back. Bundled discounts (MEGA Saver) require electricity plus at least one eligible Megatel service at the same address/account, and discounts start once all services are active in the same billing period.
Who this plan suits best
This simple anytime single‑rate plan suits households that prefer predictable pricing without managing peak/off‑peak windows. Small families and larger households can benefit from the open‑term flexibility and can reduce total monthly costs by bundling electricity with Megatel broadband, mobile and/or gas under MEGA Saver. Renters or those wary of long commitments may value the no‑fixed‑term structure on the standard plan. EV owners who value straightforward, same‑rate charging may find the plan convenient, but there is no EV‑specific or overnight‑cheaper tariff; those who primarily charge off‑peak to maximise time‑of‑use savings may wish to compare alternatives. Solar users can connect an import/export meter and receive a published buy‑back rate for exported generation, making this plan suitable if you want basic export credit alongside a simple retail tariff (self‑consumption still typically yields the greatest savings).
Additional services included
Optional add‑ons available when you bundle with Residential Electricity include: Broadband (discounted under MEGA Saver by $20/month; plan options typically include Fibre Starter, Fast Fibre and Faster Fibre), Mobile (monthly plan discounts ranging roughly from $3 to $16 depending on the plan; a one‑off $5 SIM delivery fee applies when adding mobile), and Natural Gas (10% off standard gas pricing when bundled). These services are optional and priced according to the chosen plan; standard acceptance criteria and standard installation/reconnection fees may apply. Other optional services sometimes used with bundles include modem rental for broadband (one‑off $15 delivery; rental terms apply), VoIP home phone (charged separately; delivered over broadband; emergency‑calling and vulnerable‑consumer considerations apply), and network/technical add‑ons such as a static IP (charged separately). The MyMegatel app/portal is included for account management and payments. Specific monthly prices for broadband, mobile and add‑ons depend on the selected plan and are confirmed at sign‑up.
Plan conditions at a glance
- Residential customers only; standard acceptance and credit criteria apply. Electricity must be at the customer’s primary residence for fixed‑term welcome‑credit offers.
- Simple Energy Plan is open‑term by default (no fixed term, no break fee). Some promotions (e.g., a 12‑month welcome credit) require a fixed‑term electricity contract with an early termination fee if ended early.
- MEGA Saver bundle discounts require electricity plus at least one eligible Megatel service (broadband, mobile, or natural gas) at the same address and on the same account; discounts begin once all services are connected within the same billing period.
- Pricing components include a daily fixed charge and variable per‑kWh charges by meter channel; rates depend on network/meter category and are confirmed via address/ICP check. Energy is billed monthly in arrears.
- Low‑User and Standard‑User plans are available (subject to eligibility). Low‑User daily charges follow Government phase‑out settings and may change annually in line with regulation.
- Megatel provides at least 30 days’ advance notice for price or discount changes. For fixed terms, prices can still change for taxes/levies, third‑party cost changes (network/transmission/metering), corrections to pricing inputs, capacity changes, or when moving property.
- Payment methods emphasise secure recurring payments and in‑app/online payments; Megatel does not accept credit/debit card payments over the phone. Direct debit and recurring card payments are available via the MyMegatel app/portal.
- Disconnection for non‑payment follows notice requirements (at least 7 working days’ advance notice and a final 24‑hour warning, unless emergency/legal exceptions apply).
- Moving house ends address‑specific promotions; customers can re‑sign at the new property if services are available. Standard installation/reconnection and additional service charges may apply.
- Solar export requires an approved import/export meter; exported generation is credited separately on the bill at Megatel’s published buy‑back rate.
Promotions and discounts
Megatel’s core ongoing offer for Residential Electricity is the MEGA Saver Promotion, which gives a 5% discount off standard electricity pricing when electricity is bundled with at least one other eligible Megatel service at the same address and on the same account (eligible services are broadband, mobile and/or natural gas). Additional MEGA Saver bundle discounts include 10% off standard natural gas pricing, $20 off monthly broadband pricing, and monthly mobile discounts that vary by plan (typically $3–$16). Discounts commence only once electricity and the other eligible service(s) are all connected within the same billing period, apply on open-term supply (no fixed term and no early termination fee for this promotion), and Megatel provides at least 30 days’ notice if any discount amounts change. An active joining incentive for 2025 is the Electricity $150 Welcome Credit Promotion, which provides a $150 credit for new residential electricity customers who sign a 12‑month fixed‑term electricity contract at their primary residence (the property must not have been powered by Megatel within the prior six months). The credit appears on the first bill; an early termination fee of $150 (incl. GST) applies if the contract ends early. This welcome credit can be combined with MEGA Saver bundle discounts. Timing requirements apply (connection usually within one month of application), and standard acceptance/credit criteria and standard installation/reconnection fees may apply. In some network areas, distributor rebates (for example, periodic credits from local lines companies) may be passed through on bills when the distributor issues them. Eligibility and timing are determined by the local network’s rules (e.g., being connected on the network’s stated eligibility date) and the credit appears on the Megatel bill under a network-discount line. These distributor payments are not Megatel-run promotions and vary by region and year.
How Megatel can change this plan's price
Megatel confirms electricity (and gas) prices at provisioning and may change them thereafter as allowed in its Energy Plan Special Terms. For customers on a fixed contract supply term, prices generally remain the same for the term unless adjustments are required due to taxes or levies (e.g., GST, Electricity Authority Levy, Emissions Trading Scheme), changes to third‑party costs such as network, transmission, or metering charges (which can affect both daily and variable components), corrections where pricing was set using incorrect or updated meter/network information, capacity changes initiated by the customer or network, or when the customer moves to a different property. For customers on open‑term (unfixed) supply, prices are not fixed and may change from time to time. In all cases (fixed or open‑term), Megatel provides at least 30 days’ advance notice of price changes and the reason for the change. If an application’s connection date is more than about three months after application, initial quoted rates may be reconfirmed closer to the actual connection date to reflect current standard pricing. For MEGA Saver (open‑term) promotions, Megatel may also vary the discount amounts with at least 30 days’ advance notice.