All eligible consumers receive a credit on their power bill for their share of the tax-free distribution to beneficiaries from Network Tasman Trust's accumulated funds.
In December 2024, the total amount to be distributed was approximately $3.4 million; most consumers received $80 credit. Eligible customers will receive this credit regardless of who their retail power supplier is. Some customers think if they switch retailers, they will no longer get a distribution credit, but this is not the case as the distribution comes from Network Tasman Trust, not the retailer.
The Trust's accumulated funds come mostly from the sale of its energy business in 1998 and grew significantly through prudent investing. In recent years
Trustees decided there was no reason to hold these funds and would pay a distribution to beneficiaries each year. At the present rate of approximately $80 per household each year, the funds should be mostly distributed to beneficiaries by 2027-28.
