$3.4 million bonus coming to electricity users

  • 14 December 2022

See original article page page 5, Waimea Weekly online

With rising costs all around, there’s a Christmas bonus on its way. Customers connected to the Network Tasman Ltd electricity distribution network are set to receive their share of a $3.38 million pay-out thanks to Network Tasman Trust. 

Approximately 42,300 customers across Tasman and parts of Nelson will each receive $80, which will be a credit on their next power bill. 

Most eligible customers should receive this before Christmas, although some may arrive in January. 

As the dividend comes from Network Tasman Trust, all eligible customers receive the credit regardless of who their retail power supplier is. The $3.4 million represents the surplus accumulated in the Trust’s funds, from NTL divi-dends along with interest from investments.

“Over the years, the Trust has paid nearly $70 million back into the community,” says Trust chairperson Gwenny Davis. 

“In addition to the $80 divi-dend, we also recently allocat-ed $160,000 in grants through the Network Tasman Chari-table Trust to individuals and groups doing amazing work to support the community.”

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