Grey Power Electricity｜Is it the best NZ power company for you?

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

• What is Grey Power Electricity (“Grey Power”)?
• What kinds of services Grey Power is offering?
• Should I made a contract with the Grey Power for power/electricity?
• What is advantages and disadvantages of Grey Power?

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

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

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

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

1. What is Grey Power?

source: Grey Power

Grey Power offers low cost electricity rates to customers throughout New Zealand.

Grey Power looks like more focus on elderly people, if we see their website such as many photos with them.

So we can says that it’s good for especially elderly people who are looking for electric service to join Grey Power.

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 Grey Power?

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

1. Easy to ask questions and to get a quote
   
2. No long term fixed contract
3. You can choose Power, Gas, Broadband and Landline too.

Details of the advantage are as below.

2-1. Easy to ask questions and to get a quote

Firstly, it’s easy for you to ask some questions through the following chat service of Grey Power.

source: Grey Power

Secondly, you can get your estimated power cost easily, if you send your latest power bill through the following form.

source: Grey Power

Q. How to pay your bill?

Grey Power offer many payment options as below.

• Internet Banking
• Direct Debit
• Credit Card
• Automatic Fixed Payment
• Telephone banking
• My Account
• NZ Post
• BNZ branch
• SmoothPay

2-2. No long term fixed contract

source: Grey Power

There are no long term fixed contract about Grey Power’s electric plans.

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

If you don’t give the 30 days’ notice in advance, you need to pay a termination fee. (The normal fee is $150+GST)

2-3. You can choose Power, Gas, Broadband and Landline too.

source: Grey Power

You can choose not only Power but also Gas and Broadband too, if you like.

And you can get a discount, if you add Broadband and/or Gas to your Electric plan.

Gas plans (LPG and Natural Gas)

source: Grey Power

You can get a discount from standard prices, if you choose electricity and gas together.

If you have interested in gas from Grey Power, you need to check the official website and input your details(name, address and etc) in a form.

Broadband plans

Broadband Plans of Grey Power are as below. (Price: per month)

Type	Plan (Speed)	Price (2year fixed)	Price (Standard)
ADSL / VDSL	Regular ( – )	$68+GST	$84+GST
Fibre	Standard (30/10)	$68+GST	$84+GST
	Fast (100/20)	$75+GST	$90+GST
	Faster (200/20)	$89+GST	$104+GST
	Max (Max/500)	$105+GST	$120+GST

(*) If you switch to another broadband provider in the first 2 years, you need to pay a $150+GST Modem Fee.

Also, Grey Power offers Landline service.

3. What is the disadvantages of Grey Power?

Based on my research, the 1 disadvantage of Grey Power 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 Grey Power’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 Grey Power 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 Grey Power’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.

• Grey Power offers Electricity, Gas and Broadband.
• Grey Power looks like like more focus on elderly people.
• It is easy for you to get an estimated price through their website.
• 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 Grey Power, please click the following button and check Grey Power’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.