The TECT trustees have agreed to distribute an unexpected windfall of $21 million to consumers.
This distribution is in addition to TECT's regular annual rebate and has been made possible through a special dividend from its Trustpower shareholding.
While the policy for normal distributions sees about 80 per cent go direct to eligible consumers and the balance go towards the grants programme, given this unique opportunity, the TECT trustees are seeking feedback on three potential distribution options targeted at providing long-lasting significant outcomes that will make a transformational difference in the community.
These options are:
• Option 1: $16.8m to eligible consumers ($295 each), $4.2m to top up current grant funds