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Definitions (76)
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actual reading
Where a retailer charges a consumer for electricity based on the actual amount used (as opposed to an estimated reading).
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bond
An up-front lump sum payment or deposit. Bonds are used by retailers to recover debt when a consumer has not paid their bill. If asked for a bond, the consumer should be given an explanation as to why [..]
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capacity
The maximum amount of electricity that can be carried by a line. Residential lines with lower than normal capacity often incur lower lines charges because of their limitations.
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composite plan
One of the possible titles for a one-meter controlled plan. They include a combination of uncontrolled and controlled rates. Read more about pricing plans here.
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consumer nz
Independent consumer organisation that owns and manages the Consumer Powerswitch website.
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continuous flow
A way of heating water on demand, as opposed to heating and storing it in a cylinder. Continuous flow systems are normally gas, but electric ones are available.
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continuous power
Electricity that is available 24 hours a day. Used for lighting, cooking and all plug-in appliances. Also called: 24 Hour, Anytime, All Day, Uncontrolled.
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controlled rates
You have a general electricity supply to your house but there are also separately wired appliances, normally the hot water cylinder, which the electricity retailer or lines company (depending on where [..]
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customer compensation scheme
A scheme to compensate qualifying consumers (households using over 3000kWh per annum) during public conservation campaigns. It is currently set at $10.50 per week.
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daily charge
A charge made by the retailer of a set amount per day regardless of whether or not any electricity is used.
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