Prepare for Price Rises: Compare!
Kiwis should prepare for price rises in 2025 across the power, telecommunications and finance sectors. The power sector has indicated that, due to industry price increases, consumers can expect their power bills to rise. For example, the technology that creates and distributes electricity across New Zealand requires maintenance and upgrades to function optimally. Earlier in 2024, the Commerce Commission announced that they would be increasing their budget for the national power grid so that they can pay for the necessary investment of maintenance and upgrades.
This news will no doubt bring little comfort to Kiwis who have been struggling with the cost of living for quite some time. However, there are things you can do to prepare for these upcoming price increases. The most effective way to get ahead is to COMPARE.
Why should you compare?
1. Save Money
As the cost of living continues to pinch our budgets, finding savings has never been more important. When you compare your bills, you are more likely to find a better deal and save money. However, many Kiwis tend to believe that comparing and switching their utility bills takes hours. That is why NZ Compare’s range of comparison platforms are designed to help you compare and switch within just minutes. Our platforms present all the plans available to you in the same place so you can compare side-by-side and easily find the cheapest deal for your broadband, power, mobile, and other finances. You can even select filters based on your preferences and needs so that you can find the best value deal without sacrificing your checklist! Why pay more for your bills when you can find a better deal in just minutes and save money this year.
2. Stay Up to Date with Price Changes
With the upcoming price rises across power and telecommunications industries, it’s crucial you stay up to date with rates. When you compare, you can stay informed about price changes and plan ahead so you can switch plans before you get hit with bill increases.
3. Make Informed Choices
Knowledge is power. When you have the information available to you, you are more likely to make the best choice for your unique needs. Our comparison platforms are designed to help you make a fully informed choice, presenting you with all the plans available to you so you can compare options side-by-side. This is an effective way to find a power or broadband plan that doesn’t either undercut you, or charge you for more than you need.
4. Prevent Loyalty Tax
When you stay with the same company or plan out of convenience, or because you think comparing and switching is too cumbersome a task, you can fall victim to loyalty tax. This is when you end up paying more as prices increase, or getting a worse-off deal than other offerings on the market. It only takes minutes to compare on any of our comparison sites. Our platforms are bias-free, hassle-free and free to use. Don’t pay more when you can find a better deal within just a few minutes!