Winter Relief from Northpower Electric Power Trust

Tuesday, 20 July 2004, 11:49 am
Press Release: Northpower

Northpower Electric Power Trust (NEPT) is granting their customers a winter relief with a $50 credit on their next power bills.

Eligible Northpower customers will receive a dividend in the form of a credit, regardless of which electricity retailer sends out their power bill.

NEPT Chairman Erc Angelo says the dividend being paid out, is the customer’s share of Northpower’s profits paid to the Trust by Northpower. The NEPT owns Northpower on behalf of the beneficiaries, which are ultimately the customers.

“We have consistently returned the profit to customers as Northpower is in excellent health and we believe that customers should enjoy its successes through dividends from the Trust.”

In addition to the dividends from the NEPT, customers have also enjoyed line holidays from Northpower, which has some of the lowest line charges in the country.

Lines Company Northpower is owned by NEPT on behalf of the community and supplies electricity to the region through a number of electricity retailers, including Meridian, Genesis, Contact and Mercury.

“We receive constant feedback from people on the benefits of keeping Northpower in community ownership,” says Mr Angelo.

The credit is paid on each power installation (ICP) connected to the Northpower network as at midnight 20th July 2004. If for any reason customers do not receive the $50 credit on their following power bills they should contact the NEPT information line on 0800 434 100.

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