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About the TECT cheque

Trustees send out a Distribution Plan for consultation each year. This determines the level of the TECT cheque and the eligibility criteria for that year.  In 2017, TECT distributed $28m to 56,238 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 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 WILL CONSUMERS GET?

The proposed Distribution Plan for 2018 will be published shortly.  In 2017, each eligible Consumer received 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 2017 to 30 September 2017.

Fixed Amounts:

Power account only $435                                                  
Power + Gas $485
Power + Internet $535
Power + Internet + Gas $585

 

WHEN ARE CHEQUES SENT?

TECT cheques in 2017 were mailed to eligible consumers in November. 


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