2025 Distribution Payment

22 January 2025

Marlborough Electric Power Trust (MEPT) will be making a distribution payment of $70 to eligible power consumers who will see the payment credited to their next power account by retailers, from the 23rd of January.

MEPT Chair, Domenic Romano acknowledged, “While not as high as we would have liked, we are pleased that it will assist in some electricity cost relief at the start of the year and following a challenging economic time.”

Holder of 100% of the shares in Marlborough Lines Ltd on behalf of the owners (beneficiaries), MEPT aims to provide a distribution, while considering group investment income and the company’s overall financial position. As stated at MEPT's annual reporting meeting in November, whilst the 2024 group financial result was very disappointing, higher returns are anticipated in the coming years.

The $70 distribution per eligible consumer is in addition to the average discount of $242 paid by Marlborough Lines Ltd to consumer accounts in 2024, which saw a total value of $10.5m of discounts paid to consumers. 

For further information email enquiries@mept.co.nz