The Winter Games three-day figure-skating programme starts today at the Dunedin Ice Stadium and the finals will be held on Saturday.
Figgins (19) has dominated New Zealand figure skating over the last six years and has won four junior and three senior titles.
Her best score for the short programme is 34.69 points and 48.23 for free skating.
Her best combined total is 74.98 points.
Figgins is expected to play second fiddle to Kwak Min-Jeong (Korea), who finished 13th at the Vancouver Winter Olympics last year and is ranked 42nd in the world.
Min-Jeong's (17) best combined score is the 155.53 points she totalled at the Winter Olympics.
She is one of 23 skaters from overseas who have entered for the Winter Games figure-skating competition. There are 35 skaters entered.
The other senior women competing are Australians Sydnee Knight and Zara Pasfield and New Zealanders Millie Campbell and Melissa Morris.
The pre-event favourite in the senior men's events is Nicholas Fernandez (Australia), who finished 21st at the Four Continents event last year and was fourth at the Australian championships.
His main opponent will be Christopher Boyd, from Queenstown, New Zealander Cameron Hems and Australian brothers Andrew and Matthew Dodds.
Figure skating was one of the spectacular events in Dunedin when the inaugural Winter Games were held two years ago.
The skating will be officially opened at 1pm today with the short programme for novices and juniors.
Tomorrow the novice and junior free skating and the short programme for men and women will be held.
The free-skating competition for men and women and juniors will be held on Saturday.
Dunedin skaters won the overall trophy for the highest points for the second year running at the South Island championships in Dunedin last weekend. Canterbury was runner-up and Gore third.
The programme
Venue: Dunedin Ice Stadium.
Dates: August 11-13.
Number of competitors: Thirty-five (five countries).
Leading prospects: Nicholas Fernandez (Australia), Chris Boyd (NZ), Min Jeong Kwak (Korea), Morgan Figgins (NZ), Leong Ka-Jing (Singapore).
Times: Today (1pm-7.30pm), Friday (1pm to 7.10pm), Saturday (1pm to 6.30pm).