Wellington, New Zealand --- (METERING.COM) --- August 24, 2009 - New Zealand online electricity retailer Powershop.co.nz is cutting weekend power prices in Canterbury, enabling most Powershop customers to save at least 20 percent from current prices for power used in the weekend between 7 am and 9 pm.

Powershop.co.nz chief executive Ari Sargent says his company is serious about changing the electricity market.

“To hell with the incremental price games the other power companies play. We want to change the game and do everything we can to help the power consumers of New Zealand get a better deal. What we’re doing in Canterbury isn’t a one-off special either. It’s a permanent feature of Powershop,” said Sargent.

The cheaper weekend deal, which involves Powershop rebating 5 c/kWh for power used at the weekend, between 7 am and 9 pm, is open to any of Canterbury households with a smart meter who are customers of Powershop.co.nz. The offer is available on most of the network of Canterbury lines company Orion – between the Rakaia and Waimakariri Rivers.

Sargent added that Powershop.co.nz wanted to offer similar deals in other markets, but that required a willing lines company and smart meters.

“We’d be launching this all over the country if we could and we have already initiated negotiations with other lines companies to provide better deals to our customers.” he said.