Rebate Payment Options
Eligible consumers* now have the option to receive their TECT rebate direct into their bank account. There will be no more rebate payments via cheque. This change was proposed by the TECT Trustees in the Draft Annual Distribution Plan 2019-20, and consumer feedback was positive.
There will be three options available to receive the rebate:
Rebate paid direct into bank account:
The rebate will be paid directly into your nominated bank account. You can provide your bank account details via the Trustpower website. See instructions below.
Rebate credited to your Trustpower power account:
The rebate will be credited to your Trustpower power account. This will be the default payment option if you do not make any choice on the Trustpower website. See instructions below.
Rebate gifted to the Acorn Foundation Vital Impact Fund:
You can choose to have your rebate gifted to the Acorn Foundation Vital Impact Fund. This fund invests your donation, so that it continues growing over time. Interest earned from this investment is distributed each year to deserving community organisations, so your donation keeps giving to your community – forever. You will be issued a donation receipt from Acorn Foundation and will be able to claim a 33.3% tax credit – so you can give back and get back! See instructions below.
What you need to do:
If you are happy for your rebate to be credited to your Trustpower account, you do not need to do anything.
If you wish to select another payment option, go to www.trustpower.co.nz/tect
If you have any issues choosing your rebate payment option or setting up your bank account details, you can find answers to frequently asked questions at trustpower.co.nz/tect. You can also contact Trustpower by web chat at ask.trustpower.co.nz or call them on 0800 87 87 87 Monday - Friday 8.00am - 7.00pm.
* To qualify for the one-off special consumer rebate in July, you must have had a Trustpower power account in the same name from 1 October 2018 and continuously through until 31 March 2019. This rebate is subject to final Trustee approval in May 2019.
* To qualify for the consumer rebate in November, you must have a Trustpower power account in the same name on 1 April 2019 and continuously through until 30 September 2019