Entrust, formerly named Auckland Energy Consumer Trust (AECT) prior to June 2016, [1] is a trust for electricity consumers in Auckland, New Zealand. Formed in 1993 as sole owner of the original Mercury Energy Limited, it is now majority owner of electricity and gas distributor Vector Limited, a child of the original Mercury, the other child being the retailing division of Mercury Energy. The Trust will be wound up in 2073 (80 years after its formation) and its assets transferred to the local government authority or authorities in the Trust district [2] (at present this would be Auckland Council). There have been calls for the Trust to be wound up sooner. [3] [4]
AECT owned 75.1% of the shares in Vector in 2015, worth about $2 billion. [5] It holds the shares on behalf of Vector's 300,000 customers and distributes dividends from Vector to its customers. The remaining 24.9% of Vector shares are traded on the NZX Main Board stock exchange.
As part of electricity industry reforms in 1993, the consumer-owned Auckland Electric Power Board became Mercury Energy Limited and AECT was set up to own it, keeping control in the hands of electricity consumers. Similar trusts were established elsewhere in the country. Mercury was the electricity distributor and retailer for Auckland, Manukau and Papakura. In 1998 the government split the electricity sector into distributors (lines companies) and retailers, and accordingly Mercury was split. The retail business was sold to Mighty River Power and the lines business being kept and renamed Vector Limited. AECT was the sole owner of Vector until 2005, when it allowed Vector to make a public float of 24.9% of its shares to raise capital to buy gas company NGC Holdings. [6] [7]
The trust is run by five trustees elected using the plurality-at-large method every three years in line with the requirements of the Trust Deed. Trustees are electricity customers who live in the Trust area.[ citation needed ]
The right-leaning C & R – Communities and Residents ticket has dominated election results for the five trust seats in recent years, and under its previous names Citizens & Ratepayers NOW and Citizens & Ratepayers in earlier years. The ticket has long been aligned with the National Party. [8] [9]
In 1997 the first and last Independent Trustee, Victoria_Carter was elected to the Board. In 1998 the lights went out for six weeks in Auckland. 1998_Auckland_power_crisis The Government called for an enquiry. https://www.rnz.co.nz/national/programmes/eyewitness/audio/2018636891/the-night-the-lights-went-out-in-auckland
2003 trustee election results [10] for the five seats on the trust:
Affiliation | Name | Votes | |
---|---|---|---|
Citizens & Ratepayers NOW | John Collinge | 26,049 | |
Citizens & Ratepayers NOW | Michael Buczkowski | 24,567 | |
Citizens & Ratepayers NOW | Karen Sherry | 22,830 | |
Citizens & Ratepayers NOW | Warren Kyd | 21,962 | |
Powerlynk | Shale Chambers | 20,822 |
2006 trustee election results [11] for the five seats on the trust:
Affiliation | Name | Votes | |
---|---|---|---|
Citizens & Ratepayers NOW | Karen Sherry | 22,357 | |
Citizens & Ratepayers NOW | Michael Buczkowski | 20,129 | |
Citizens & Ratepayers NOW | Warren Kyd | 19,742 | |
Powerlynk | Shale Chambers | 18,563 | |
Citizens & Ratepayers NOW | James Carmichael | 16,829 |
2009 trustee election results [12] for the five seats on the trust:
Affiliation | Name | Votes | |
---|---|---|---|
Citizens & Ratepayers | Karen Sherry | 22,752 | |
Citizens & Ratepayers | Warren Kyd | 22,129 | |
Citizens & Ratepayers | Michael Buczkowski | 21,665 | |
Citizens & Ratepayers | James Carmichael | 21,140 | |
Citizens & Ratepayers | William Cairns | 16,793 |
2012 trustee election results [13] for the five seats on the trust:
Affiliation | Name | Votes | |
---|---|---|---|
C & R – Communities and Residents | Karen Sherry | 27,483 | |
C & R – Communities and Residents | Michael Buczkowski | 24,217 | |
C & R – Communities and Residents | Warren Kyd | 23,388 | |
C & R – Communities and Residents | James Carmichael | 23,355 | |
C & R – Communities and Residents | William Cairns | 21,665 |
2015 trustee election results [14] for the five seats on the trust:
Affiliation | Name | Votes | |
---|---|---|---|
C & R – Communities and Residents | Karen Sherry | 20,968 | |
C & R – Communities and Residents | Michael Buczkowski | 19,761 | |
C & R – Communities and Residents | James Carmichael | 19,390 | |
C & R – Communities and Residents | William Cairns | 17,824 | |
C & R – Communities and Residents | Paul Hutchison | 16,942 |
2018 trustee election results [15] for the five seats on the trust:
Affiliation | Name | Votes | |
---|---|---|---|
C & R – Communities and Residents | Karen Sherry | 23,958 | |
C & R – Communities and Residents | Alastair Bell | 21,198 | |
C & R – Communities and Residents | Michael Buczkowski | 19,645 | |
C & R – Communities and Residents | Paul Hutchison | 19,533 | |
C & R – Communities and Residents | William Cairns | 18,730 |
2021 trustee election results [16] for the five seats on the trust:
Affiliation | Name | Votes | |
---|---|---|---|
C & R – Communities and Residents | Alastair Bell | 16,403 | |
C & R – Communities and Residents | Michael Buczkowski | 15,533 | |
C & R – Communities and Residents | Denise Lee | 15,274 | |
C & R – Communities and Residents | Paul Hutchison | 13,417 | |
C & R – Communities and Residents | William Cairns | 11,892 |
The New Zealand electricity market (NZEM) is a decentralised electricity market regulated by the Electricity Industry Participation Code administered by the Electricity Authority (EA). The authority was established in November 2010 to replace the Electricity Commission.
Mark James Gosche is a New Zealand politician. He is a member of the Labour Party. He was born in Auckland to Samoan parents, and has been active in New Zealand's Pasifika community.
Vector Limited is a New Zealand energy company, which runs a portfolio of businesses delivering energy and communication services across Australasia and the Pacific. Its primary business is electricity distribution, along with distributing piped gas. It also has a bottled gas business, owns a fibre optic cable network, deploys electricity and gas meters, manages solar infrastructure projects and offers cybersecurity services and a data platform. It is also the parent company of HRV ventilation solutions.
Manawa Energy limited is a New Zealand electricity generation company that offers bespoke electricity products to commercial and industrial customers across New Zealand. Manawa energy currently operate 26 power schemes from the Bay of Plenty in the north, to Otago in the south.
Mercury NZ Limited is a New Zealand electricity generation and multi-product utility retailer of electricity, gas, broadband and mobile telephone services. All the company's electricity generation is renewable. Mercury has a pre-paid electricity product sub-brand GLOBUG. Mercury Energy is also the largest electricity retailer in New Zealand.
Good Energy Group PLC is a British energy company based in Chippenham, Wiltshire that provides services in the electrification of transport and decentralised renewable energy generation such as domestic solar panels. The company is also an energy retailer, and built a portfolio of wind and solar generation which was sold in 2022. Founded by Juliet Davenport, its CEO is Nigel Pocklington.
Communities and Residents (C&R) is a right-leaning local body ticket in Auckland, New Zealand. It was formed in 1938 as Citizens & Ratepayers, with a view to controlling the Auckland City Council and preventing left-leaning Labour Party control. It controlled the council most of the time from World War II until the council was merged into the Auckland Council in 2010. It changed its name from "Citizens & Ratepayers" to "Communities and Residents" in 2012.
Under New Zealand law, a licensing trust is a community-owned company with a government-authorised monopoly on the development of premises licensed for the sale of alcoholic beverages and associated accommodation in an area. This applies to both on-licence and off-licence sales.
John Gregory Collinge is a former New Zealand lawyer, politician and diplomat. His former roles include president of the New Zealand National Party and High Commissioner to the United Kingdom.
The electricity sector in New Zealand uses mainly renewable energy, such as hydropower, geothermal power and increasingly wind energy. As of 2019, 82% of electricity is generated from renewable sources, making New Zealand one of the countries with the lowest carbon dioxide emissions from electricity generation. Electricity demand grew by an average of 2.1% per year from 1974 to 2010 but decreased by 1.2% from 2010 to 2013.
City Vision is a centre-left coalition of two political parties, the New Zealand Labour Party and the Green Party of Aotearoa New Zealand, and community independents who contest Auckland Council elections every three years. They have usually caucused in affiliation with Labour Party councillors and progressive independents.
The Ceylon Electricity Board - CEB, is the largest electricity company in Sri Lanka. With a market share of nearly 100%, it controls all major functions of electricity generation, transmission, distribution and retailing in Sri Lanka. It is one of the only two on-grid electricity companies in the country; the other being Lanka Electricity Company (LECO). The company earned approximately Rs 204.7 billion in 2014, with a total of nearly 5.42 million consumer accounts. It is a government-owned and controlled utility of Sri Lanka that takes care of the general energy facilities of the island. The Ministry of Power and Energy is the responsible ministry above the CEB. Ceylon Electricity Board (CEB), established by the CEB Act No. 17 of 1969, is under the legal obligation to develop and maintain an efficient, coordinated and economical system of electricity supply in accordance with any licenses issued.
Penelope Anne Hulse is a New Zealand politician, and was Deputy Mayor of Auckland from the formation of the Auckland Council Super City until 2016. She continues to represent the Waitākere Ward on the Auckland Council and is Chair of the Environment and Community Committee.
Pippa Coom is a New Zealand politician, who is a former councillor on the Auckland Council and former chair of the Waitematā Local Board.
WEL Networks Limited is an electricity distribution company, serving the northern and central Waikato region of New Zealand. WEL is the sixth largest electricity distribution company in New Zealand, with 100,142 connections and 7,021 km (4,363 mi) of lines and underground cables. The company is 100% owned by the WEL Energy Trust.
Marlborough Lines Limited is an electricity distribution company, based in Blenheim, New Zealand. Marlborough Lines is responsible for subtransmission and distribution of electricity to approximately 26,000 customers in the Marlborough Region over a service area of 11,330 km2 (4,370 sq mi). The network includes approximately 3,400 km (2,100 mi) of power lines extending to some very isolated areas across the region, including the extremities of the Marlborough Sounds, which can only be reached by boat or helicopter.
Northpower Limited (Northpower) is an electricity distribution company, based in Whangarei, New Zealand.
Solar power in Virginia on rooftops is estimated to be capable of providing 32.4% of electricity used in Virginia using 28,500 MW of solar panels. Installing solar panels provides a 6.8% return on investment in Virginia, and a 5 kW array would return a profit of $16,041 over its 25 year life.
Denise Adrienne Lee is a New Zealand politician who was the National Party's Member of Parliament for the Maungakiekie electorate from 2017 to 2020. She was previously an Auckland Council local body councillor.
Linda Ann Cooper is a New Zealand politician who was a councillor on the Auckland Council from 2013 to 2022.