COVID-19 Economic Response Plan: Continuation of Phase 3 Te Aponga Uira Electricity Discounts Announced

Facebook
Twitter
LinkedIn

The Prime Minister has announced that the generous discounting on power bills as part of the Economic Response Plan will be continued in May, at a slightly reduced rate.

Domestic accounts will receive a $60 discount (down from $80) and businesses that are eligible for a discount, will have their power bills reduced by 50% (down from 60%). All discounts include VAT.

The new charges will come into effect from the power readings on May 10; the new rates will stay in effect until further notice.

“The discounts to be provided to the Cook Islands people to the end of the financial year are estimated to total $11.5 million, an outstanding contribution, to keep the economy running and to provide much needed support to households” said Prime Minister Brown.

“We know that our people and companies are suffering, and with these discounts, we and government agencies like Te Aponga Uira are trying to help as best we can. Hopefully with yesterday’s announcement, the light we can see at the end of this very long tunnel is the end of the tunnel and not simply a train coming the other way.”

This latest electricity discount from Te Aponga Uira will be effective from the 10 May 2021 meter reading and has been formalised by the Te Aponga Uira Board of Directors in conjunction with Cook Islands Investment Corporation and Government.

 “Te Aponga’s Phase 3 discount reflects the intention of Te Aponga’s Board and management to juggle its resources and risk in order to continue much needed support to households and businesses” said Mata Nooroa, Chair of Te Aponga Uira.

Mike Henry, Chair of the Cook Islands Investment Corporation, reiterated his previous statement and said “Te Aponga’s continued support is an example of a sustained effort from the Cook Islands Investment Corporation and its State-Owned Enterprises to support the nation, to collaborate extensively and find innovative solutions, that can be applied during these unprecedented times.” 

More to explorer

CIIC Announces Appointment of Elizabeth Iro to Te Aponga Uira Board

The Cook Islands Investment Corporation (CIIC) is pleased to announce the appointment of Elizabeth Iro to the Te Aponga Uira (TAU) Board, effective 1 January 2025. Ms. Iro brings a wealth of experience in health leadership, governance, and policy development.

Contracts & Procurement Manager

Location: Cook Islands Investment Corporation (CIIC)Division: Asset Management DivisionReports to: General Manager, Asset Management Division The Cook Islands Investment Corporation (CIIC) is seeking an experienced and results-driven Contracts & Procurement Manager to lead our procurement and contract management processes. This

Communities Activate to ready Safety Shelters

Rarotonga Safety Shelters Program is live Community responds to Governments calls for partnership RAROTONGA, COOK ISLANDS, 03 February 2025. Following the announcement of the launch of the Rarotonga Safety Shelter Programme (RSSP), communities around Rarotonga are actively engaging with the