Final Weeks To Register Payment Preferences For 2025 Entrust Dividend

There’s just two weeks left for more than 368,000 Aucklanders living in the Entrust District to update their payment preferences to receive this year’s dividend.

Eligible power account holders get to choose whether they want the dividend paid into their bank account, or as a credit to their power account, says Entrust Chair Denise Lee.

“Back in June we asked power account holders living in our district of central, east, and south Auckland to update their payment preferences for this year’s dividend.

“The quickest way to update payment preferences is via Entrust’s secure web platform. If everything is the same as last year, do nothing.

“We only want to hear from people if they want to change payment methods, update their bank account details, or if that section is blank. We need updated details from people by 5:00pm on Friday, 08 August,” says Ms Lee.

The annual Entrust dividend, usually paid in late September provides a $120m+ cash injection to communities in central, east, and south Auckland. Since 1994, these communities have received more than $2 billion in dividends from Entrust that come from its majority ownership of listed energy company Vector.

To be eligible for this year’s dividend, you must be a power account holder connected to Vector’s electricity network within the Entrust District as of the roll date.

“Entrust is pleased to be able to give back to our community through the dividend. For many people living in our district the dividend is a welcome windfall, and we’re delighted to be able to make a small difference,” says Ms Lee.

For those unsure about their eligibility for this payment, check out the map and list of eligibility criteria along with FAQs at www.entrustnz.co.nz or www.facebook.com/entrustnz

About Entrust:

Entrust (formerly called the Auckland Energy Consumer Trust), is a private trust that owns the majority of Vector on behalf of its beneficiaries.

Entrust owns 75.1% of shares in Vector which are held in trust for energy consumer beneficiaries in central, east, and south Auckland. These beneficiaries are paid a cash dividend each year, usually in late September.

The organisation was created in 1993 to make sure power lines remained in the control of electricity consumers and was established under a trust deed on behalf of electricity consumers in the area previously served by the Auckland Electric Power Board.

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