payments occur<\/a> because community and consumer trusts often own shares in their local lines company. Wellington Electricity and Powerco are notable exceptions.<\/p>\nEach year, the lines company may pay a dividend to shareholders, or the trust may have its own accumulated funds, and this money is paid out to the trust’s beneficiaries – consumers of power.<\/p>\n
Entrust said more than 374,000 households and businesses in central, east and south Auckland would receive a payment of $377 each.<\/p>\n
“There’s a real sense of excitement when the dividend arrives. For some people it helps with everyday costs, for others it’s an opportunity to treat themselves or put a little extra aside,” chair Denise Lee said.<\/p>\n
“We know this dividend makes a real difference in people’s lives because they tell us.”<\/p>\n
Since 1994, Entrust has paid more than $2.5 billion in dividends to eligible Aucklanders.<\/p>\n
The dividend is paid either as a direct credit to bank accounts or as a credit on the recipient’s next power bill, depending on the payment method selected. Those whose payment could not be completed will be sent a notification from Entrust.<\/p>\n
The Entrust District covers central, east, and south Auckland. It is the areas of Auckland, Manukau, northern Papakura, and eastern Franklin that were formerly part of the old Auckland Electric Power Board.<\/p>\n
To receive the 2026 dividend, people must have been the named power account holder on the Vector electricity network in the Entrust district at midnight on August 12.<\/p>\n
Financial coach Shula Newland said it would be welcome for households where money was tight.<\/p>\n
But she said many people would probably prefer to have cheaper power through the year.<\/p>\n","protected":false},"excerpt":{"rendered":"Auckland households are in for a windfall when they receive their annual payment from their lines company. This…\n","protected":false},"author":2,"featured_media":608902,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[111,43,139,69],"class_list":["post-608901","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-new-zealand","tag-news","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/608901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=608901"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/608901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/608902"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=608901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=608901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=608901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}