A reader says shutting down TECT could give 49,000 households money for solar. Photo / Getty Images
A reader says shutting down TECT could give 49,000 households money for solar. Photo / Getty Images
Prime Minister Jacinda Ardern. Photo / File 150221NZHMMPOSTCAB9.JPG
I have read through the TECT proposal, it tells me winding up is not in the spirit of the trust deed.
However, having read that deed I cannot see why winding up the trust is not in the best interests of thetrust beneficiaries. Would the trust please explain?
Based on the trust being worth $450 million and 49,000 beneficiaries - that is $9000 each, enough for a good solar system on 49,000 households.
That is, in my view, better than a future rebate that is not guaranteed and not bound by a single future electricity retailer.
