Hawkes Bay Today
  • Hawke's Bay Today home
  • Latest news
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology

Locations

  • Napier
  • Hastings
  • Havelock North
  • Central Hawke's Bay
  • Tararua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Napier
  • Hastings
  • Dannevirke
  • Gisborne

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Hawkes Bay Today

Hawke's Bay power dividend is $230, but no cheque in mail

Hawkes Bay Today
22 Jul, 2021 04:47 AM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Hawke's Bay Power Consumers' Trust chair Diana Kirton says a registration portal opens on October 18 for dividend direct credit registrations. Photo / File

Hawke's Bay Power Consumers' Trust chair Diana Kirton says a registration portal opens on October 18 for dividend direct credit registrations. Photo / File

The Hawke's Bay Power Consumers Trust is entering the first year of the post-cheque era with a $230 dividend to all power consumers in Hawke's Bay connected to the Unison Networks supply.

The annual dividend stems from the public interest in the publicly-elected Hawke's Bay Power Board, amid the deregulation of the New Zealand electricity supply industry and the Energy Companies Act 1992.

Registered consumers will be contacted from October 18 about methods of payment, but a statement from trust chairwoman Diana Kirton highlights the cheque "will NOT be in the mail", because banks no longer process cheques, and the only way the trust can distribute the dividend payment now is by direct credit.

"The trust could see this coming two years ago and commenced the process of encouraging power consumers to register for the direct credit option of payment," she said. "As a result, 67 per cent already receive their dividend direct to their bank accounts.

"This has given them the benefit of earlier payment, no bank queues and no lost cheques. Our challenge now is to capture the remaining 33 per cent power consumers to ensure every eligible power consumer in Hawke's Bay receives the benefit of the dividend payment."

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

An awareness campaign starts late next month to ensure consumers are ready to go when the registration portal opens on October 18, and people will have four weeks to register for direct credit or check their details if they have registered previously.

The dividend is the same as in 2020, having risen from $225 a year earlier, and Kirton said: "This is a pleasing result considering the challenging year that was experienced in 2020."

Unison Networks has returned a dividend totalling $15.8 million to the trust, meaning consumers will have received more than $219m from trust ownership since 1999.

Advertisement
Advertise with NZME.

The network held its annual meeting today, with a report showing that despite the global uncertainty caused by Covid-19, the Unison Group's overall financial performance for the year was more favourable than expected, with net profit after tax of $33m.

Group chairman Philip Hocquard said: "Throughout the year, including all stages of the government lockdowns, the company remained committed to its purpose of enabling communities to prosper, by delivering customers' energy needs through a dynamic, flexible and sustainable electricity system.

"Unison has an important role to play by providing a resilient network and response capability to more frequent and extreme weather events and enabling consumers to contribute to environmental sustainability through access to renewable energy sources."

Chief executive Ken Sutherland said Unison said that during the year Unison completed the design of an innovative sustainable zone sub-station while planning the replacement of the 11kV switchboard at Windsor zone substation.

Discover more

Magpies poised for last pre-season Shield defence

22 Jul 05:12 AM

He said the electricity network continued its strong performance this year, which reinforces the positive impact that Unison's smart network investment is having on its asset performance and visibility.

"This assists us in delivering a safe, reliable supply to customers," Sutherland said.

Key financial highlights for the 2020-2021 year were group revenue of $242.5m, net profit after tax of $33m, capital expenditure of $57.1m and the final dividend.

Save

    Share this article

Latest from Hawkes Bay Today

Hawkes Bay Today

New Four Square and shops planned for Taradale town centre

12 Jul 06:00 PM
Hawkes Bay Today

‘Still there’: Removal of logging machine sent tumbling over cliff proving tricky

12 Jul 05:59 PM
Hawkes Bay Today

Landslide sparks evacuations, roads closed, homes flooded after storm

12 Jul 12:43 AM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from Hawkes Bay Today

New Four Square and shops planned for Taradale town centre

New Four Square and shops planned for Taradale town centre

12 Jul 06:00 PM

The existing Taradale Four Square would be demolished and rebuilt under the proposal.

‘Still there’: Removal of logging machine sent tumbling over cliff proving tricky

‘Still there’: Removal of logging machine sent tumbling over cliff proving tricky

12 Jul 05:59 PM
Landslide sparks evacuations, roads closed, homes flooded after storm

Landslide sparks evacuations, roads closed, homes flooded after storm

12 Jul 12:43 AM
Green light for fires on Napier beaches after council quietly revokes bylaw

Green light for fires on Napier beaches after council quietly revokes bylaw

11 Jul 06:00 PM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Hawke's Bay Today e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Hawke's Bay Today
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Hawke's Bay Today
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • NZME Events
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • © Copyright 2025 NZME Publishing Limited
TOP