TECT Publishes Draft Distribution Plan

18 April 2018
TECT Publishes Draft Distribution Plan

TECT Trustees have published the 2018-19 proposed Annual Distribution Plan for Consumer feedback.

Each year TECT distributes the majority of its funds direct to its Consumers via the TECT cheque.  The cheque calculation sees eligible consumers* receiving a fixed amount based on the types of services they receive from Trustpower, plus a variable amount based on their total spend over the qualifying period.  This year, TECT plans to pay out $28 million in TECT cheques.

FIXED AMOUNTS:

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

Each year TECT benefits Consumers indirectly via a grants programme where funding is made available to community organisations and initiatives.  The proposed funds for 2018/19 are as follows:

Community Development Fund $3,700,000
Community Amenities Fund $2,500,000
Community Events Fund $500,000
Iconic Projects Fund $1,000,000
Catalyst for Change Fund $NIL

For more information on the proposed distribution plan please CLICK HERE

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