Terms and Conditions


$150 Credit:

This offer is for new customers only. You will not be eligible to receive this account credit if you’ve received credit for signing up to Powershop within the last 6 months. To receive the $150 worth of free power you need to join Powershop via this page while it is visible. Once you’ve been switched to Powershop, we will credit your account with $50 and you’ll receive a $50 credit on the 20th of each of the following two months. The three account credits worth a total of $150 are only available for use in Powershop for purchasing electricity products and cannot be refunded or redeemed for cash. If you switch away from Powershop within 3 months of becoming a customer then you will not receive any un-credited amounts under this promotion. Your eligibility for this promotion is dependent on you authorising Powershop to conduct a credit check using the details you sign up with and Powershop being satisfied with that credit check.

Savings Guarantee:

Sign up to Powershop now and if you send us a bill from your old retailer for your main home we’ll guarantee that you’ll save at least $150 with Powershop over the next year. We’ll include any rebates or grants of free power we make to you as part of your Guaranteed Savings, such as the total $150 account credit. The bill supplied must be from 1 May 2016 or later (send a copy of the bill to savings@powershop.co.nz), and if we ask you must an original copy of that bill. Your guaranteed savings period will be for 12 months, commencing on the date your switch to Powershop is completed (“Guaranteed Savings Period”).

Your savings guarantee is based on the actual cost of your electricity with Powershop over the Guaranteed Savings Period for your main home, when compared to the cost of the same amount of electricity using the rates in your old retailer’s bill that you have provided to us.

Powershop can only offer the savings guarantee against retailers with published rates and does not apply to any additional incentives (like cash offers), or sign up deals. We will not guarantee savings on other retailers' bills where the rates in those bills are based on real time spot market pricing.

Certain Powershop products are priced at a premium (e.g. Airshed where the additional amount is used to purchase carbon credits). The additional cost of these products (above your Standard Power rate) is excluded from the Guaranteed Savings calculations. This means that when we calculate your spend for the purposes of the Guaranteed Savings, we will use your Standard Power rate for any premium products you purchase during the period of the savings guarantee.

After you have been with Powershop for 12 months, we will complete a full review to make sure that you’ve saved what we promised. If you haven’t and these terms and conditions have been complied with, then we’ll put a final credit on your account.

This savings guarantee does not apply if within your Guaranteed Savings Period: (A) you do not supply a copy of your old retailer’s bill for the property; (B) you switch away from Powershop or move to a new property supplied by Powershop; (C) we reasonably believe after viewing the original bill, or after you refuse to supply us with the original copy of the bill, that the rates in the bill copy are not genuine; (D) we reasonably believe the property in question is not your main home; (E) at the time we calculate your Guaranteed Savings you owe Powershop more than $100 which is at least 60 days overdue (whether on this property or another property).

If your metering configuration changes through the year (whether due to a change you request, an error we discover, or for any other reason) then we will use our best endeavours to replicate the cost you would have paid for your power with your old retailer by using a usage-based weighted average of your old retailer’s rates and applying this to your new metering configuration. This offer for Guaranteed Savings is per residential account and is not available in conjunction with any other promotional offers available through Powershop from time to time. This offer is only available while it is visible on this webpage.

Powershop at its sole discretion may amend or cease to offer Guaranteed Savings at any time without notice. In such event, any Guaranteed Savings Periods, which commenced prior to the date Powershop ceased to offer them, will continue to be honoured.