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Power Bill Time-of-Use Plan Comparator

Compare NZ retailer power plans — flat-rate, Time-of-Use, Hour of Power, and spot price. See which is cheapest for your usage pattern.

By Konstantin IakovlevPublished 28 March 2026Last reviewed
Data stays on your deviceVerified formula

About this calculator

This calculator implements NZ retailer plan structures + Time-of-Use tariffs from Powerswitch (Consumer NZ). Last consulted 18 May 2026. Verify the figures yourself by following the link.

NZ retailer plan types

Mid-2026 market structure
  • Flat-rate (anytime): ~$0.30/kWh
  • ToU peak (Genesis Energy Plus): ~$0.40/kWh peak
  • ToU night: ~$0.18/kWh
  • Electric Kiwi Hour of Power: 1 free hour/day
  • Spot price (Octopus/Flick): Varies $0.05-$0.80/kWh
  • Daily fixed charge: $0.90-$1.50 (Low User: $0.30)

Source: Powerswitch — Consumer NZ

Disclaimer

This calculator provides estimates for general information purposes only. Results are based on standard formulas and may not reflect your individual circumstances. Always consult a qualified professional for advice specific to your situation.

How NZ power plans compare

Multiply usage split (peak/off-peak/night/free) by each plan's per-kWh rate, plus daily fixed charge.

  1. 1

    Calculate usage cost

    Usage = kWh × (peak% × peak_rate + off% × off_rate + night% × night_rate + free% × free_rate)

    Free hour plans have 0 cost on free portion.

  2. 2

    Add daily charge

    Daily_total = daily_charge × 30.4 (avg days/mo)

    Low User plans cap daily at $0.30 for ≤8,000 kWh/yr.

  3. 3

    Monthly bill

    Bill = Usage + Daily_total

    Add 15% GST if not already included.

  4. 4

    Compare plans

    Cheapest = min(plan_a, plan_b, ...) for your usage profile

    Reshuffling usage to night (EV, hot water) can shift winner.

Worked example

Inputs: 650 kWh/mo, 40% peak / 30% off / 25% night / 5% free

Result: Flat $232/mo. ToU $208/mo (10% saving). Hour of Power saves ~$11/mo on usage but more on free hour.

Frequently Asked Questions

Are NZ Time-of-Use plans worth it?
For households with EV charging, heat-pump hot water cylinders, or pool pumps that can be timer-scheduled to night hours (11pm-7am), Time-of-Use plans typically save 25-40% vs flat-rate. For typical 9-5 working households without shift-shiftable loads, flat-rate is often simpler and similar in cost. Use Powerswitch.org.nz to compare your actual data. Source: Electricity Authority.
What's the cheapest NZ power plan in 2026?
There's no single answer — it depends on your usage. Electric Kiwi Hour of Power (free hour every day) works best if you can shift heavy use to that hour. Octopus / Flick spot suits users comfortable with variable pricing. Genesis Energy Plus offers locked-in low night rates. Always check Powerswitch.org.nz with your last 12 months' data for an accurate comparison. Source: Powerswitch / Consumer NZ.
How do I switch power retailer in NZ?
Use Powerswitch.org.nz (free, run by Consumer NZ) to compare 30+ retailers based on your last 12 months of usage. Process: (1) get your ICP number from a recent bill, (2) enter usage on Powerswitch — takes 5 minutes, (3) sign up online with new retailer; they handle the switch automatically, (4) old retailer issues final bill within 14 days. There's a 14-day cooling-off period after signing up — you can cancel without penalty. Most switches complete in 3-5 business days. No power outage during switching. Average switching saves NZ households $250-400/year. Source: Electricity Authority + Consumer NZ.
What is the Low User power plan and should I be on it?
Low User plans cap your daily fixed charge at ~$0.30/day (vs $0.90-1.50/day on Standard plans) but charge a higher per-kWh rate (~$0.05/kWh extra). They suit households using <8,000 kWh/year (regional) or <9,000 kWh/year (Northern Wellington and warmer regions). Typical Low User candidates: 1-2 person households without electric heating, EV, or hot water cylinder; holiday homes; energy-efficient flats. The Low User option was being phased out from 2022-2027 — daily charge caps are rising each April. By 2027 it will be abolished, with all plans transitioning to a single 'national' structure. If you currently qualify, stay on it through 2026 for max savings. Source: Electricity Authority.

How this calculator works

This power bill time-of-use plan comparator uses the latest data from official New Zealand government sources to provide accurate results. All calculations are performed in your browser — your data never leaves your device.

All calculations are performed in your browser — your data never leaves your device. Results are for general guidance only and should not be considered professional financial advice.

Built and maintained by Konstantin Iakovlev. Data sourced from the IRD and official New Zealand government sources.

Last reviewed: