Net­work Waitaki: Re­turns a $2.07 mil­lion Dis­count to Con­sumers

Waitaki Herald - - FRONT PAGE -

Net­work Waitaki is North Otago’s elec­tric­ity dis­tri­bu­tion com­pany, cov­er­ing the area from the Waitaki River to Shag Point, up the Waitaki Val­ley as far as Ohau and the Hakataramea Val­ley. There are 12,581 con­sumers con­nected to its net­work that will shortly be re­ceiv­ing dis­counts on their monthly elec­tric­ity bills. House­holds and busi­nesses that have been con­nected to the net­work for a full 12 months should re­ceive a pay-out of $125.12 (GST in­cluded), or more, de­pend­ing on which elec­tric­ity price plan they are on. This year the to­tal dis­count pool is $2.07 mil­lion (GST in­cluded). Net­work Waitaki is 100 per cent owned by the Waitaki Power Trust, a con­sumer trust for the ben­e­fit of elec­tric­ity con­sumers in the Waitaki District. The dis­count has two com­po­nents, namely: • a non-dis­cre­tionary dis­count that was de­ter­mined in De­cem­ber 2014, be­fore the start of Net­work Waitaki’s 1-April-2015 to 31-March-2016 fi­nan­cial year, and •a dis­cre­tionary dis­count, de­ter­mined by Net­work Waitaki’s Di­rec­tors in Fe­bru­ary 2016, that is de­pen­dent on mar­ket con­di­tions and the com­pany’s per­for­mance. For fur­ther in­for­ma­tion please call: (03) 433 0065, Ta­ble 1 below, de­tails the dis­counts that cus­tomers on each visit:­work­wait­, or type of elec­tric­ity price plan (con­sumer class) will re­ceive. email: ser­vice@net­work­wait­

Ta­ble 1: Dis­count to Net­work Waitaki Con­sumers

Con­sumers should look out for the dis­count on their March or April 2016 elec­tric­ity bills. The dis­count will be dis­played as “Net­work Waitaki Ltd. Dis­count”.

Fur­ther Back­ground:

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