This was posted 4 years 7 months 26 days ago, and might be an out-dated deal.

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$150 Credit over 12 Months When Signing up to Powershop with Referral

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At a time where household budgets might be stretched and we are spending an increased amount of time at home here is a deal that Powershop have been running for a long time but is still available.

Sign up your main home to Powershop on or before Sunday 31 May 2020 and we'll give you $150, spread over your first 12 months. You’re also guaranteed to save in your first year (Ts & Cs apply). If you sign up, your friend gets a $100 power credit of their own.

Your friend will receive a credit of $150, payable over 12 months as follows: their first credit of $25 will be paid once they’ve switched to Powershop, followed by a $10 credit in each of their 10 following monthly account review periods, and a final credit of $25 in the final account review period of their first year as a Powershop customer (Friend Credit). If your invited friend or family member switches away from Powershop within 12 months of becoming a customer then they forfeit their right to any remaining credits that would have been due under this promotion.

Referral Links

Referral: random (20)

Referrer receives $100 credit. Referee receives $150 credit.

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  • I am not sure about kWh prices for power shop , I use flick and on spot rate it's from 3 cents to 13 cents kWh on weekends and night and 15 to 43 cents a kWh in the day peak most of the time or around 18 cents on average , - we save around 10 to 25 nzd a week on flick

    • +1

      I tried flick a year ago and they were more expensive than mercury energy and ended up having to pay me what I didn’t save. Needless to say I moved on from flick!

      • Unit of power is kWh, price of power is the cents per kWh , on top of it you paid fix daily charge with flick you pay retailer charges on top of it which is 2 cents per kWh which is included in there price per kWh ,
        I have checked for my ICP price in CHCH per kWh plus daily charges for electronic kiwi , powerhouse , contact , trust power , and a few others they all charge higher on average then spot price of power in any month example winter months and summer months ,

        In NZ you have option for 4 meter configuration I am on single meter 24 hours on this meter flick gives me day and night prices for kWh/ power as it's spot prices no one else does that . So this is facts as above explained , so you need to know the end price for kWh and daily connection price to compare and spot prices are always lower on average

    • Powershop matches the competitors rates, am with them and they promise to beat competitors rates by $150 over a year.i find them pretty good

  • +1

    There all the same these power companies.im With Contact energy at $0.33 per day charge and KW charge is $0.27. With a promot payment of 28% not a single power company can match that.

    • I don't think the power companies are legally able to offer prompt payment discounts anymore. In theory their new plans offer better value to everyone.

      • There on a 6 months notice to remove it. There new plans are the same and offer only 3%. Winners for the new law are people who used to pay there power late and didn't get the payment prompt discount. I'm currently on a 2 year contract:).

    • Prompt payment discounts are the same as a late payment fee except that it sounds nicer; a smoke and mirrors tactic to obfuscate the real cost.

      • +1

        Agree with you completely

  • +1

    think it depends where you live as to whats the best deal. I'm with electric kiwi in CHCH its $0.2792/kWh and $0.3700/day (including GST) for low user. But I use the prepaid option so they give you 10% more when ya top up and have the free hour, they estimate you will save another 10% with this, I have managed to average 17.5%. The only other option that comes close is flick.

    Electric has $50 cred with referral sign up, which its always run.

    • How can you get the extra 10 off? i search electric kiwi's site and cant find anything relates to the 10% off?

      • +2

        its the plan type. https://www.electrickiwi.co.nz/plans/ —> stay ahead 200 plan.

        Prepay $200 - then get $20 additional free (10%)

        • +1

          thanks, it works out cheaper for me

        • Wasn't aware of this plan but changed, in addition to the 10% bonus they also gave me a lower rate so it pays to check. Thanks will save a not insignificant amount.

          • @taeken: and credit card fees are waived for prepay… points!!!!

        • +1

          This is not exactly 10% off (though I can see why it looks that way). Pay $180 and get $200 credit would be the equivalent of 10% off.

          Pay $200 and get $220 is actually 9.1% off.

  • don't forget you have Ecotricity to compare with everyone! do the calculations

  • Update, a family members 1 year contract was expiring they have spoken to contact and they have offered to drop KW charge from $0.27 to $0.22. Plus a $150 credit for 12 months contract and 3% prompt payment discount.Daily charge will be $0.33. It pays to talk to your current retailer you can get a better deal.

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