TrustPower entrenches home-town advantage as locals prefer cheques to charity

Wed, 21 Mar 2018

By Pattrick Smellie March 21 (BusinessDesk) - The Tauranga Electricity Consumer Trust has abandoned plans to become a funder for Bay of Plenty community projects after strong pushback from customers of locally headquartered TrustPower who prefer to receive an annual cheque that helps offset their personal power bills. The decision effectively entrenches Infratil-controlled TrustPower's competitive advantage in the Tauranga electricity network area because only TrustPower customers are eligible for the annual cheque, worth between $400 and...

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