About the TECT Rebate
The below information relates to the annual rebate in November. For information on the special rebate in July, view FAQs here.
Please note, if you have not already made your selection, you have until 20 October 2019 to select your rebate payment option for the November rebate. To do so, go to www.trustpower.co.nz/tect and log into your MyAccount, or call Trustpower on 0800 87 87 87. Read more about the rebate payment options here.
TECT trustees send out an Annual Distribution Plan for consultation at the beginning of each year. This determines the level of the annual rebate and the eligibility criteria for that year. After consideration of the feedback received, TECT trustees confirmed their Annual Distribution Plan for 2019-20, which will see $30 million distributed to eligible beneficiaries. The payment is tax-free.
Who is eligible for the 2019 rebate?
In 2019, the eligibility criteria is:
Be a Trustpower power customer in TECT's district (basically in the Tauranga City or Western Bay of Plenty region*); and
Have an active Trustpower power account in the same name on 1 April 2019 and continuously through to 30 September 2019.
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.
*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 is the rebate?
The Annual Distribution Plan for 2019 confirmed that eligible beneficiaries this year will receive:
- $440 fixed (minimum) amount.
- Plus a variable amount based on their total spend over the qualifying period.
When are rebates made?
The distribution will be made in November 2019.