Z Electric｜Is it the best NZ power company for you?

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

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

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

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

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

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

1. What is Z Electric?

source: Z Electric

Z Electric is established based on the partnership with Z Energy and Flick Electric.

(*) In 2018, Z Energy invested in Flick Electric, and its details are here.

So, Z Electric offers special deals based on merits of the strong relationship with Z Energy.

If you interested in Flick Electric, please check Flick Electric’s page in this site.

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 Z Electric?

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

1. Easy to ask questions and to get a quote
   
2. No long term fixed contract (No exit fees)
3. Rewards from Z Electric

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 get your estimated electric price per month through the following box on the Z Electric’s website.

source: Z Electric

Then, for example, you can get your estimated electric price as below.

source: Z Electric

2-2. No long term fixed contract (No exit fees)

source: Z Electric

There are no long term fixed contract and no exit fees (No termination fee) from Z Electric.

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

2-3. Rewards from Z Electric

source: Z Electric

You can enjoy the following rewards from Z Electric.

• When you join: Get 50 litres of fuel
• Every month: Get 5 litres of fuel for every $100 that you spend on power.

For example is below, if you pay roughly $80 of monthly electric bill, you will get roughly 4 litres of fuel.

source: Z Electric

3. What is the disadvantages of Z Electric?

Based on my research, the 2 disadvantages of Z Electric are as below.

1. Only 2 payment options are available.
2. There are some power companies with higher customer satisfaction

The details of the disadvantage are as below.

3-1. Only 2 payment options are available.

Z Electric accept only the following 2 payment options.

• Direct debit
• Credit card, Debit card

So, for example, if you want to pay through the following payments methods, Z Electric is not suit for you.

• Internet Banking
• NZ Post
• SmoothPay
• Cheque / Post

3-2. There are some power companies with higher customer satisfaction

As far as I tried, I could not find any survey and data about Z Electric’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 Z Electric 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 Z Electric’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.

• You can get reward – [when you join] and [every month]
• It is easy for you to get an estimated electric price through the form on 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 Z Electric, please click the following button and check Z Electric’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.