WEL Networks Pays Out $18.5 Million in Discounts Starting from next week

WEL Networks customers will receive a discount on their electricity accounts.

In total, 81,000 customers within the WEL Network distribution area will receive a total of $18.5 million in rebates. Although discounts vary greatly, an average customer will receive a $244.00 refund.

WEL Networks Chief Executive Dr Julian Elder says “including this year’s discount, over the past eight years WEL Networks has returned over $131 million in line-charge discounts to our customers.”

“Despite the tough economic times experienced throughout New Zealand last year, WEL Networks has returned a solid financial result. We’re happy to share the dividends from success with our customersand community groups throughout the Waikato region,” he says.

The discount is applied to each connection within the traditional WEL Networks area in the Waikato area and is paid to the occupier at that address in either late April or during the month of May 2010.

The discount will be shown on a customer’s electricity account, sent to them by their electricity retailer.

The level of discount will depend on how much electricity was consumed by the customer during thepast twelve months. Dr Elder says a maximum discount level is set to ensure a fair rebate goes to all customers.

This yearthe maximum discount is $1,856.00.WEL Networks customers wanting further information about their discount can contact the company by:

• Calling: 0800 434 726

• Visiting: www.wel.co.nz

• Emailing: connect@wel.co.nz

• Writing: Discount Enquiries, WEL Networks, P O Box 925, Hamilton