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

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

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

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

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

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

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

 

1. What is Slingshot Power?

source: Slingshot Power

Slingshot Power is electric service provided by the company named “Slingshot”.

“Slingshot”‘s main service is Broadband from 1996, and they provided Mobile and Power too.

Head Office	Auckland
Operate from	1996
Main Shareholders	100%: Callplus holdings Ltd
Services	Broadband Mobile Electricity
Service area	All of NZ
Number of employee	around 300 employees

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 Slingshot Power?

Based on my research, the 2 advantages of Slingshot Power are as below.

1. No contract and no break fees
2. 10% bundle discounts

Details of the advantage are as below.

2-1. No contract and no break fees.

source: Slingshot Power

There is no contract with Slingshot Power, but you do not need to worry about it, because you can use electricity with no problem.

And there is no break fee, so you can switch to another power provider anytime in the future.

2 plans for power

At first, you need to input your address into the following form on Slingshot Power’s website.

source: Slingshot Power

After that, you need to choose one from 2 power plans – [Standard User Plan] or [Low User Plan].

	Low user plan	Standard user plan
Guideline	Some of households in NZ	Most households in NZ
It’s good for	1 or 2 person Small energy efficient homes	Families Houses that use many electric heating equipments
Your usage for 1year	Less than 8000 kWh/year (9000 for those in the South Island)	More than 8000 kWh/year (9000 for those in the South Island)

Then, you can get to know the price for power.

2-2. 10% bundle discounts

source: Slingshot Power

If you join Power and Broadband together, you can 10% OFF each for Power and Broadband.

All in one bill for Electricity and Broadband

source: Slingshot Power

When you sign up for Electricity and Broadband together, all costs in one bill.

So it is easy for you to get to know each costs.

(*) Payment option ・・・weekly, fortnightly (2weeks) or monthly.

[Broadband plans]

The following table can be scrolled to the right.

[Mobile plans]

The following table can be scrolled to the right.

3. What is the disadvantages of Slingshot Power?

Based on my research, only 1 disadvantage of Slingshot Power are as below.

1. No plan for Electric only.

The details of the disadvantages are as below.

No plan for Electric only.

If you want to choose only electricity, Slingshot Power is not suit for you, because you can not join only for Electricity.

If you want to join Slingshot Power, you need to join Slingshot Broadband, too.

source: Slingshot Power

So, if you need only electricity, I recommend you choose “Flick Energy” because of the best customer satisfaction based on the survey as described before.

4. Which power company is the best 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]・・Choose “Flick Electric“.
• [Cheapest price]・・Use “Powerswitch” and find the cheapest plan for you.

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] ・・Choose “Flick Electric”

Flick Electric is a smaller power company, and the first energy retailer started from 2014.

Flick Electric buys cheaper power directly from the wholesale electricity market, and offer electricity with cheaper cost than big power companies.

It is very important that Flick Electric is the No.1 company based on the survey for customer satisfaction of power companies, so you don’t need to worry about the electric bill any more.

Flick Electric is 100% has partnership with Z Energy since 2018, so I believe that Flick Electric has enough credit to make a contract.

【Flick Electric: Company information】

Head Office	Wellington
Operate from	2014
Main Shareholders	100%: Z Energy Limited (established in 1959)
Service are	Electricity only
Customer (electricity)	26,000
Market share (electricity)	roughly 1% share in the NZ’s electric market
Number of employee	–
Payment Method	Weekly, Fortnightly, Monthly Bank transfer or Credit card

4-2. [Cheapest price]・・Use “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“.

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

It’s good for you to get to know the difference between Slingshot 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 Slingshot Power’s advantages and disadvantages, the difference between Slingshot Power and other main power companies in NZ – is it useful for you?

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

• You can get 10% bundle discounts, if you join Power and Broadband together.
• But there is no plan only for Power.
• If you want to choose only Power, it is good for you to choose “Flick Electric”

So, I recommend the following power companies and website, so please check it !!

• “Flick Electric“・・・Best customer satisfaction of NZ’s 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.