Network Tasman announces $3.5 million discount

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Consumer-owned local electricity distributor Network Tasman has announced $3.5 million of discounts will be credited onto its consumers’ December power bills.

“Network Tasman is pleased to provide an end of year discount at the same level as our December 2015 discount,” said Network Tasman CEO Oliver Kearney.

“This discount will bring the total paid to consumers in 2016 to $11 million.”

The company’s 39,100 consumers will receive a discount that is based upon the amount of power used, but an average residential consumer using 6,900kWh per annum can expect a discount of $57 on their December power bill.

To be eligible a consumer must have had an active, metered connection to Network Tasman’s electricity distribution system as at midnight November 18. The network covers the Nelson-Tasman region, excluding the central Nelson area.

The company is currently arranging for electricity retailers to credit the discounts onto consumers’ power bills from late November through to the end of December. The discount will be clearly identified as a separate item.

“Eligible consumers will automatically receive a discount irrespective of which electricity retailer they’re signed up with,” said Mr Kearney. “Switching retailers does not alter this entitlement because the discount comes from Network Tasman and not the retailer.”

Network Tasman has handed out over $140 million of discounts back to consumers in the region since 1994.