Keep TECT cheques
I read with interest the article on the Tect cheque. My comment would be that the cheque is very useful at an expensive time of year. I suspect that the proposal has a lot to do with the current government's thoughts on the wholesale power sector and how overpriced power seems to be. This comment leads me to the question with no cheque payouts will Tect/Trustpower decrease their power prices? I have a strong feeling that will not be the case.
Margaret Rowland
Pyes Pa
Move should be opposed
For five or six years, I have annually submitted to Tect in regard to changes to the annual payment method being either the status quo, a cheque, or direct to a bank account, or direct to the power account or donated to the non-profit organisation of your choice and every year the trust would not change but did advise that they were also looking at other options.
But low and behold a bombshell (News, January 25) that they are now proposing abolishing the annual payment altogether, and I am aghast at the proposal.
An inducement of $2500, costing $145 million, (58,000 consumers x $2500) and $360pa for the following five years, providing of course that we vote in support of the proposal, significantly undervalues the consumer's asset, in this trust.