Ecosmart｜Is it the best NZ power company for you?

This page give you the best answers for the following questions;

• What is Ecosmart?
• What kinds of services Ecosmart is offering?
• Should I made a contract with the Ecosmart for power/electricity?
• What is advantages and disadvantages of Ecosmart?

This page is the best for you to understand about these types of questions.

I’m going to explain about Ecosmart one by one as below.

1. What is Ecosmart?
2. What is the advantages of Ecosmart?
3. What is the disadvantages of Ecosmart?
4. Which power company is the best for you?【plus comparison table】

If you read this page, you can easily understand what Ecosmart is and whether Ecosmart is the best company for you or not.

1. What is Ecosmart?

source: Ecosmart

Ecosmart is an electricity retailer and solar installation company in NZ.

(*) Ecosmart’s head office: Hamilton.

And Ecosmart mainly focuses on solar energy products and solutions.

By combining wholesale energy* with solar, Ecosmart offers cheaper electric costs for you.

• Solar Energy Systems
• Wholesale electricity
• Efficient Heating Solutions

(*) “Wholesale energy” is a term referring to the bulk purchase and sale of energy products – primarily electricity.

Top5 power companies (“Big5”) in New Zealand

Company name	Customer (ICP count*)	Market share (ICP share)
Genesis Energy	490,000	22%
Contact Energy	420,000	19%
Meridian Energy	340,000	15%
Mercury NZ	330,000	15%
Trustpower	270,000	12%

(*) ICP (Installation Control Point) : Each property has a unique ICP number identifying it on the New Zealand electricity network.
(*) ICP count : the total number of ICP

(source: Electricity Authority, as of March 2021)

2. What is the advantages of Ecosmart?

Based on my research, the 3 advantages of Ecosmart are as below.

1. Easy to get solar panels and cheaper electric costs
   
2. No fixed-term contract
3. You can choose Solar and/or Heating systems.

Details of the advantage are as below.

2-1. Easy to get solar panels and cheaper electric costs

source: Ecosmart

Ecosmart always offers the cheaper electric plan for you.

And, your bills come from the following 2 parts.

• All the costs directly from the electricity industry to you
• Only small amount of Ecosmart’s fee to manage it for you

So, it’s good for you to pay almost only the actual costs for electricity in order to save money.

Details of cost breakdown & Example invoice

Electric cost is made from (1)Transmission(network), (2)Electricity, (3)Metering and (4)Retailer.

source: Ecosmart

2-2. No fixed-term contract

source: Ecosmart

There are no fixed-term contract about Ecosmart’s electric plans.

So, you can switch(change) to another power company anytime in the future, if you want to do it.

2-3. You can choose Solar and/or Heating systems.

source: Ecosmart

You can get solar panels for your house – 6 panels. 12 panels and 20 panels with the following warranties.

• 10 years inverter warranty
• 25 years panel warranty

Also, Ecosmart has the following solar partners, for example LG and Tesla.

source: Ecosmart

Heating (Heat pump cylinder)

source: Ecosmart

Heating system is usually one of the big expenses of your living costs.

You can save money, if you install and use the Ecosmart heat pump cylinder.

3. What is the disadvantages of Ecosmart?

Based on my research, the 1 disadvantage of Ecosmart are as below.

1. There are some power companies with higher customer satisfaction

The details of the disadvantage are as below.

3-1. There are some power companies with higher customer satisfaction

As far as I tried, I could not find any survey and data about Ecosmart’s customer satisfaction in 2021.

But, based on the survey “Customer Satisfaction with power companies” by Consumer NZ in 2021, “Powershop” is No.1 among major power companies in NZ.

(*) Consumer NZ is an independent, non-profit organisation to offer New Zealanders a fairer deal and established in 1959.

source: Consumer NZ

So I’ll explain about Powershop in the next chapter.

4. Which power company is the cheapest for you?【plus comparison table】

It is important to think about [customer satisfaction] or [cheapest price in the area you live in], when you choose a power company.

I recommend that you should choose a company

• [Best customer satisfaction]・・”Powershop“.
• [Cheapest price finding tool]・・”Powerswitch“

Also, I’ll show you a comparison table of the most popular 10 power companies in NZ at the end of this part.

4-1. [Best customer satisfaction] ・・”Powershop”

source: Powershop

Powershop is a smaller power company, and No.1 customer satisfaction among major power companies in NZ in 2021 based on the survey by Consumer NZ.

I believe that you can enjoy price and service by Powershop, because Based on the survey, the score of “value for money” is 63% (this score is much higher than average of the electric industry).

Also, Meridian Energy (one of the 5 biggest power company in NZ) owned 100% share of Powershop, so you don’t need to worry about Powershop.

It’s good for you to check Powershop’s official website.

Head Office	Wellington
Operate from	2009
Main Shareholders	100%: Meridian Energy
Service	Electricity only
Service area	All of NZ
Customer	around 95,000 customers
Number of employee	Over 200 employees

4-2. [Cheapest price finding tool]・・”Powerswitch”

Powerswitch is the best way for you to find the cheapest electric plan.

source: Powerswitch

Powerswitch is the best website in New Zealand to find which power company and pricing plan is the cheapest for you.

What you have to do is just to input some information (your address, number of your family, type of heating products/systems you use and etc), then you can get to know the cheapest plan.

For example, the result will come up as a list such as the following image.

source: Powerswitch

So, it’s very easy to understand that which company and plan you should choose.

(*) If you want to know more details about Powerswith, please check another page “What is POWERSWITCH? The best way to find the cheapest electricity plan“.

4-3. Comparison table of the most popular 10 power companies in NZ

It’s good for you to get to know the difference between Ecosmart and other popular electric providers.

(*) You can scroll the following chart left to right.

source: Electricity Authority (as of March 2021)

6. Summary

Until here, I explained about Ecosmart’s advantages, disadvantages and so on – is it useful for you?

As a summary, I write down about the main points of this page as below.

• Ecosmart offers cheaper electricity, solar panel solutions and etc.
• If you are highly interested in Solar products, it’s good for you to think about joining Ecosmart.
• If you are interested in [customer satisfaction] or [cheapest price], it is good for you to check other power companies too.

If you are interested in Ecosmart, please click the following button and check Ecosmart’s official website.

And, I recommend the following power companies and website, if you are interested in.

• “Powershop“・・・Best customer satisfaction among the NZ’s major power companies.
• “Powerswitch“・・・You can get to know the cheapest electric plan in the area you live in.

Many thanks to read this page.

Please let your family and friends about this page, if you like.