Retirement Villages
Private Utility Network Solutions
Unlocking Value for Retirement Villages
Benefits
Private utility networks enable retirement villages to generate income from the electricity infrastructure within their property. Tenco partners with retirement villages and property group owners across New Zealand who want to unlock more value from their assets.
In parallel, Tenco may manage an electricity supply procurement to make certain you secure the most competitive offers available in the market. You win when more companies compete for your business.
How it works
Step One
Quantify the Opportunity
At no cost, Tenco performs a preliminary assessment of your property and provides a tailored solution with financial projections for you to consider.
Step Two
Validate
Tenco will perform further due diligence, which may include a site inspection and coordination with your electrician. We’ll then prepare an agreement which allows Tenco to operate the network on your behalf.
Step Three
Meter Installation & Network Set-up
We arrange for a market compliant meter to be installed to measure the electricity consumed across your network. Once installed, Tenco completes all the regulatory requirements to ensure your network is compliant.
You’ll receive monthly invoices and annual reporting to highlight the performance of your network.
Why Tenco
Tenco is the largest provider of private utility network solutions in New Zealand. We have been serving the property industry since 1998 and manage over 300 networks. We combine deep industry expertise with a proven track record to deliver custom solutions for our clients. Leading companies choose Tenco.
Don’t just take our word for it...
“Bupa values the financial benefits that private utility networks provide but relying on Tenco allows us to focus on our core business – serving our village residents. Bupa selected Tenco because we wanted to partner with a market leader - and they have only exceeded expectations.”
-Anthony Goldsmith, Villages Asset Manager NZ