Pricing plans
As New Zealand's largest electricity generator, we're a key player in the industry – so we're able to offer our customers competitive pricing over the long term.
Because we're confident of the value we deliver, our pricing is completely transparent. We welcome the opportunity for customers to compare our pricing, and our services, through competitive tendering.
It's important to understand what makes up the total price you pay for your electricity and the way prices are quoted, so you can make meaningful comparisons. It's also important to consider which is the best pricing option for you.
How Electricity Prices Are Quoted
Like most retailers, Meridian Energy quotes prices at GXP – or Grid Exit Point. This enables you to compare pricing from different retailers in a meaningful way, without having to factor in local losses.
Here's why.
The GXP is where the electricity leaves the national grid and enters the local network company's lines (or directly to the customer in the case of some very large electricity users).
The GXP price takes no account of local losses. Local losses refer to the electricity lost during local distribution due to factors such as resistance, heat and the size of the cable. These losses are an inevitable part of electricity distribution, and every network company applies a "loss factor" to their network charges to account for them. The same loss factor is applied to every electricity retailer.
Pricing Options
Corporate customers can choose from two different pricing options, depending on the way they use electricity. Pricing for each option is driven by supply and demand factors. The right approach for each customer depends on their unique requirements – how much electricity they use, when they use it, and what they use it for. There's also a trade-off between simplicity and complexity – for example, most customers have straightforward pricing based on Business Day or Non-Business Day consumption.
Below are some of the elements that make up pricing. Call us on 0800 496 496 and ask for a member of the Corporate Sales team to discuss the best options for you.
|
Pricing Elements (Pricing based on time periods) |
Description |
|---|---|
|
Business Day/Non-Business Day |
Business Days - Monday-Friday (24 hours) excluding national statutory holidays. |
|
Day/Night |
Day – 8am to midnight |
|
Four hourly |
Pricing in four hourly blocks beginning at midnight – pricing varies according to factors such as demand (eg peak demand between 8am and midday) |
|
Seasonal pricing Summer/Winter |
Summer 1 October – 30 April |
|
Monthly |
Calendar month |
Meridian Energy offers the 144 pricing plan that fits with any of our product plans. The benefits of this plan are:
- Gives you more choices and more options
- Allows you to actively manage your energy usage
- Lets you take advantage of periods with lower rates
- Lets you control and reduce your electricity spend.
Call us on 0800 496 496 and ask for a member of the Corporate Sales team to discuss the best options for you.