The Trust's purpose is to protect and safeguard that local ownership for the long term, while supporting a strong and resilient network and helping ensure the benefits of ownership are managed in the interests of consumers.
There are five Trustees, appointed under the terms set out in the Trust Deed, who administer the Trust on behalf of consumer beneficiaries.
The Trustees’ responsibilities include:
- appointing the directors of Top Energy Limited
- managing the benefits of share ownership for the benefit of consumer beneficiaries as a group, regardless of which electricity retailer they choose
- negotiating the Statement of Corporate Intent with the company’s directors, setting the strategic direction and performance objectives for the business
- monitoring and reporting on the company’s performance
- undertaking periodic Ownership Reviews, including public consultation, to determine whether the Trust should continue to own the shares in Top Energy Limited
- complying with the Trust’s Operating Guidelines (Code of Practice)
The Trust takes a long-term view of what is in consumers’ interests. This includes supporting investment that improves the reliability and resilience of the network, while keeping affordability and long-term value in mind.
Under the Trust Deed, Trustees retire after four years. The next call for nominations for Trustees will be in November 2026.
