This is not your usual ‘how to save on power’ article. We all know that insulating your house and choosing energy efficient appliances can help reduce your power bills. Here’s a list of the top 5 things you can do to REALLY impact those bills.

  1. Shift your load

    Did you know that the cost of power changes every 30 minutes? And 41.22% of the time, power pricing is considered low? But most power companies don’t give you access to those low prices. They buy power at the market rate then charge you a flat rate, so when the cost of power is low, they pocket the difference. Flick Electric is different. They pass on the wholesale cost of power direct from the market, and give you access to pricing information via their Choice app. Monitoring the cost of power and thinking twice before switching on your dishwasher or dryer could make them cost a whole lot less to run.

    Distribution of spot

  2. Use timers

    The price of power is dependent on supply and demand – the supply of energy available at any one time coupled with the demand for electricity from everyday New Zealanders. So at 6pm when a whole lot of people arrive home from work, start heating their homes and cooking dinner, the price of power tends to increase. If you’re with a company like Flick, understanding these daily trends and using timers to switch on appliances during low demand times can reduce your power bill significantly. No timer? Check out WEMO, with a family of switches and devices that allow you to control your home from your mobile.

    Daily average power price trend

  3. Choose your plan

    User plans are designed to save you money by optimising the balance of daily rates and variable charges. Most people choose their user plan when they sign up with their power company, then forget about it. But small changes to your living situation can have a high impact on your power bill. Adding to the family, a change in working hours or new appliances and power tools can switch you from a low user to a standard user or vice versa. Ensuring you’re on the right plan for your situation is an easy way to reduce your power bill, and with most power companies you can switch plans once every year at no cost.

  4. Analyse usage

    Data tracking sounds daunting, but it can give you some very important clues about your power usage. When your household is asleep and all appliances are switched off, it makes sense that you should be using very little power. Usage-peaks overnight or during the day when nobody is home could indicate an issue with your hot water cylinder or other appliances that are inflating your power bills. Flick Electric is one company that provides an easy-to-understand dashboard that illustrates when you use power and how much. Check the analyse tab to make sure your appliances aren’t using power without you.

    Power pricing dashboard | Flick Electric analyse tab

  5. Look beneath the surface

    It’s easy to get sucked into a fixed-term contract by shiny cash offers, prompt payment discounts and other add-ons that appear to be a good deal at face value. Before signing a 2-year contract in exchange for a $200 cash offer, consider the long term implications. What you could save with an alternative company over those 2 years could far outweigh the initial upfront payment. And being locked into a fixed term contract means you can’t leave the power company if you change your mind in a few months time. Prompt payment discounts are often just late payment penalties in reverse. Look beyond the clever marketing tactics of big power companies for honesty, transparency and fairness in practice.

 

Compare power company pricing models

Flick Electric customers saved on average $417 in the past 12 months. They make joining easy, they are New Zealand’s ONLY Consumer Trusted power company and they won’t lock you into a fixed term contract. Give them a call on 0800 435 425 to find out what you could be saving, or sign up online at flickelectric.co.nz.