$150 Free Power When You Switch to Powershop

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Powershop

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  neil on 15/09/2015 - 14:59

  I'm not too sure about this one.

  I had a look at other retailers using Consumer Powerswitch and Powershop came up with an estimated $1,621/year (inc $150 signup) compared to the best rate of $1,490/yr with Flick Electric Co. Those results are for Auckland.

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    Kiwi on 15/09/2015 - 16:26

    One thing to note with Flick is that you are basically "buying" your electricity at spot prices, so it's similar to buying shares, if you can work it to buy/use it when it's low, then you will win, if not, you won't be much, if any, better off.

    That's how I understand it anyway, someone please correct me if I'm wrong.

    • 

      neil on 15/09/2015 - 16:34

      Don't know about Flick but I'm on Powershop and you essentially pre-purchase units which fluctuate depending on the time of the year. They also have packs which you can bulk buy to save the price rises. Sounds like a similar system.

      • 

        Kiwi on 15/09/2015 - 16:36

        Na, as I understand it, Flick is even more micromanaged than that, you pretty much pay live market rates as you use the power, and pay them a monthly fee for providing it, rather than a flat or pre arranged rate, it all depends on the time, conditions, etc.

  • 

    shami on 15/09/2015 - 17:03

    I switched to Flick from Powershop 2 months ago.
    Comparing the rates, I was paying around 30cents/unit with Powershop and with Flick 22-24 cents/unit. These rates are during last few months, when Powershop price is little higher in winter. I also read that Flick price is less in winter than summer (which is the other way around Powershop).

    With Powershop I can pay using credit card and their mobile app is also cool. Flick charges extra for paying with credit card.

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  relishpuke on 16/09/2015 - 20:24

  I've been with Flick about 5 months. I get about the same average as Shami 20c vs 30+ with Powershop. There are times I'm paying more in the moment, but most of the day I'm paying much less using the spot prices. They were running a $75 credit a couple months back for new signups, which made it even sweeter. I wonder if you could keep changing back and forth every few months to whichever no contract supplier is having the best promotion? I would be a hassle but might be worth it. Changing is relatively easy and it's not like ISPs where you can be out for a few days without service during a switch.