About the TECT Cheque
TECT Trustees send out a Distribution Plan for consultation at the beginning of each year. This determines the level of the TECT cheque and the eligibility criteria for that year. In November 2018, TECT distributed $28m to 55,293 eligible Consumers. The payment is tax-free to Consumers.
WHO IS ELIGIBLE FOR THE 2018 CHEQUE?
In 2018, the eligibility criteria is:
- Be a Trustpower power customer in TECT's District (basically in the Tauranga City or Western Bay of Plenty region [note1]); and
- Have an active Trustpower power account in the same name on 1 April 2018 and continuously through to 30 September 2018.
- If you move properties during the qualifying period, we allow a grace period of 30 days between the time you disconnect at the old property and reconnect at the new property.
Note 1: Parts of Waihi Beach are excluded from the TECT District. 106 Seaforth Rd - Bowentown end is included in TECT's District. 104 Seaforth Rd - Waihi Beach is excluded.
HOW MUCH DID CONSUMERS GET?
In 2018, each eligible Consumer will receive a fixed amount between $435 and $585 (depending on which services Consumers receive from Trustpower) plus a variable amount based on their total spend with Trustpower during the 6 month qualifying period - 1 April 2018 to 30 September 2018.
|Power account only||$435|
|Power + Gas||$485|
|Power + Internet||$535|
|Power + Internet + Gas||$585|
WHEN ARE CHEQUES SENT?
TECT cheques will be mailed to eligible consumers in November.