Has Nova Energy Increased Prices in 2024?

Nova Energy Prices 2024

We have not found an announcement that Nova Energy is increasing their prices yet. However, it’s always a good idea to prepare for any future changes, especially given inflation. Their Smart Bundle Standard plan is currently sitting at $0.2310/kWh, or about $277.60 per month*.

If you have noticed a change in your power bills recently, and are concerned, it’s always a good idea to check around your home, and see if there are ways you can lower your energy consumption. There are many ways you can do this. Use less hot water for your laundry, open and close the curtains in the morning and early evening to trap in the sun’s warmth, and avoid having to use your heat pump as much. You can also replace any ancient household appliancessuch as your fridge, washing machine, or heat pump, with a modern unit that has a high energy star rating. These units are more energy efficient than your older appliances, and will use less energy to do their job, ultimately saving you money. 

7 More Way to Save Energy and Money

It’s also effective to compare power prices. Use the form on this page to compare costs and see if you can unlock a better deal and discover savings that make a true difference. Consider securing a contract for one or two years to lock in your power rates before Electric Kiwi increases prices.

As electricity prices continue to rise, you may want to check whether you qualify for the winter energy payment. It is designed to help ease some of your monthly power bill. You may also be eligible for power credits.

Remember, prices vary across the country. The Nova Energy prices quoted in this article are based on an Auckland address.  For an accurate estimate at your property remember to compare power prices based on your address!

Why Do Energy Retailers Increase Prices?

Energy retailers must regularly review the costs of the electricity supply chain. There are many different parts of the electricity supply chain that require maintenance and upgrading such as towers, power stations, lines, and poles. As inflation rises, these costs change, which is why energy retailers adjust their prices accordingly.

Disclaimer: *The electricity prices quoted on this article are sourced directly from provider websites for an address in Auckland and are intended for example purposes only. Please note that these prices will not accurately reflect the rates applicable in your specific area as these change across the country.