Hundreds of thousands of Aucklanders are set to receive a $364 cash payout as Aotearoa's biggest energy trust gives dividends to its electricity customers.
Entrust's payments will be sent to 359,000 households and businesses across Tāmaki Makaurau within the next couple of weeks.
But not all Auckland residents will be lucky recipients.
Only those supplied power by Vector and who live in either central, East, or South Auckland with their name on the power bill are eligible.
The dividends change yearly depending on Vector's profits and how many people are eligible. Entrust holds a majority 75.1 percent share in Vector.
This year $334 comes from Entrust and $30 from Vector, with the payouts totalling $120 million.
Last year's payment was $303 per household or business.
Aotearoa has many energy trusts dotted across the country, including Electra Trust, Scanpower, Southland Power Trust, and Trust Tairāwhiti, to name a few.
Energy trusts are customer-owned bodies with shareholdings in companies who operate electricity distribution networks, on behalf of local communities.
More than $2 billion is collectively invested in these trusts.
They're responsible for ensuring the companies they own are successful, without getting involved in daily management.
When those companies make a profit, they pay dividends to their trust owners, who pass it on to customers as discounts, payments, or credit on their accounts.
In other parts of the country, Te Matau a Māui/Hawke's Bay households on Unison's network will be paid $240 in November - despite ongoing impacts from Cyclone Gabrielle.
Meanwhile, Horowhenua and Kāpiti households on Electra's network will receive discounts on their power next March.
Customers of PowerNet in Murihiku/Southland will also get discounts on their October bills.
