![]() ![]() Flick Electric's Flat Plan is aimed at Kiwi households looking for a simple fixed-rate plan that guarantee a flat rate 24 hours a day.Flick Electric Plans - "Flat" vs "Off Peak".Our review: To help you understand how Flick Electric works and the pros and cons of their services, our guide covers: The idea is to save its customers money by monitoring real-time use and finding the best plan. More details about the best plan promise can be found here. By doing so, Flick can determine if there's a better plan the customer could be on. Flick then calculates the variable kWh and fixed daily charge and compares it against the rates of Flat and Off-Peak pricing plans. In a nutshell, Flick reviews each customer's power usage every 90 days, specifically looking at the times of day power is used. As a point of differentiation, Flick offers a benefit called the 'Flickin' Best Plan Promise', a feature of both Flat and Off Peak plans.Plans and Pricing: Flick Electric offers two core plans, the Flat Plan (which is a fixed-rate plan), and the Off Peak Plan (which is a variable-rate plan)..However, Flick has confirmed that due to 'ongoing high wholesale prices' wholesale plans are no longer offered to new customers. For example, if there was a shortage (cold nights, lack of rain to fill hydro lakes etc.), electricity prices would go up. This meant that their customers' electricity prices changed every thirty minutes. Flick launched as a wholesale price retailer.Flick are currently taking on customers now. In 2021 it temporarily stopped taking on new customers given the pricing uncertainty, alongside other power companies. ![]() It's a vocal critic of the electricity industry, and is reliant on the wholesale prices to on-sell to its customers. Although Flick Electric does not own or operate any generation plant, its successful marketing strategy has allowed it grow to around 27,000 connections (around 2% of the energy market).Flick Electric is a small but significant player and is majority-owned by Z Energy.
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