The Tauranga Energy Consumer Trust has set aside a budget of $38 million to benefit consumers and community organisations as part of its draft Annual Distribution Plan for the coming financial year.
Trustees are proposing a $28.4 million tax free payout to Consumers via its cheque scheme.
Eligible TECT Consumers will receive a cheque of at least $425 each in November 2014, up from the minimum $400 pay-out last year.
TECT Chairman Michael Cooney said the cheque distribution provided an injection of millions of dollars into the local economy.
Despite a fiercely competitive electricity market, Trustees are pleased with TrustPower's performance and are heartened to see that TECT continues to go from strength to strength.