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Home / Bay of Plenty Times

Letters: Why not wind up TECT and pay everyone out?

Samantha Motion
By Samantha Motion
Regional Content Leader·Bay of Plenty Times·
22 Feb, 2021 09:00 PMQuick Read

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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 the trust 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.

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Russell Wenn
Ōropi

Building the brand

Your page 10 headline, "Scolding Aussies nicely rounds off Ardern brand", speaks the truth in a nutshell (Opinion, February 22).

A truer word has seldom been written. Making a lot of noise with no positive result.

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Prime Minister Jacinda Ardern. Photo / File
Prime Minister Jacinda Ardern. Photo / File

Builds the David and Goliath image.

The only thing wrong with that image is that Goliath wins.

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