If you are a family or a business who gets your electricity via the Vector network, you are eligible to receive a payment of $30.
This is due to a credit we have received from Transpower known as loss rental rebates (LRRs). LRRs are the surplus created once the costs in the electricity wholesale market have been worked out.
This year, we will be passing on $30 to each electricity account holder on the Vector network in the Entrust District. This payment will be added to the Entrust dividend you will receive.
For customers on the Northern network, we will be passing this payment on to energy retailers who should then provide their customers with a credit on their power bill of $30 later this year.