Crowdsourcing movement launches for lower power prices

Crowdsourcing movement launches for lower power prices as research suggests cold Kiwis are hungry to switch suppliers

73% of New Zealanders are prepared to switch electricity providers for a better deal

53% of Kiwis cut back on heating their homes in winter due to the cost*

On the brink of winter, Credit Simple bargains for better power deals for its 470,000 members

23 May, 2018: With new research suggesting that 73% of Kiwis are prepared to switch electricity providers for a better deal, CreditSimple.co.nz has today launched a nationwide crowdsourcing campaign to bargain for lower energy prices for New Zealand consumers.

“It doesn’t feel right that New Zealanders are paying more to heat their homes than people in Norway, where snow covers the ground at least three months of the year,” saidCreditSimple.co.nz CEO David Scognamiglio.

“With winter fast approaching, the price of power matters to Kiwi pockets now more than ever. We want to help New Zealanders combat hefty power bills to heat their homes as the chill sets in.

“CreditSimple.co.nz wants to help New Zealanders live their best financial life and getting access to better power deals is one way to do that.”

In April, CreditSimple.co.nz commissioned independent research quizzing New Zealanders around the country about their electricity bills. The research suggests New Zealanders are hungry for better deals and are prepared to switch providers to get them.

The crowdsourcing campaign, in response to this research, will aim to assist the 73% of New Zealanders who feel like they don’t get a fair deal for power and help the 53% of those New Zealanders who are cutting back on heating their homes in winter due to the cost.

“Through our crowdsourcing campaign, we can harness the power of our 470,000 Credit Simple members to try to secure offers from power companies for more affordable electricity services throughout the country,” Mr Scognamiglio said.

“With 470,000 financially-savvy New Zealanders already signed up, CreditSimple.co.nz wants to use the power of the people to hunt out a power deal that’s a win-win for everyone.”

The International Energy Agency’s (IEA) 2017 review of New Zealand’s energy policies** confirmed that household electricity prices have risen much faster here than in other IEA countries. The Government’s own analysis of our power prices is currently underway.

To join the movement for a better power deal this winter, visit CreditSimple.co.nz.

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