WEL Energy Trust serves multiple layers of our community:
WEL Networks electricity customers in our traditional area
The entire community within our boundaries
Hamilton City Council, Waikato District Council, and Waipa District Council
WEL Networks Ltd as a community-focused company
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WEL Energy Trust was formed as a one-third Shareholder of WEL Networks Ltd, which is the Electricity Distribution Business operating in the Waikato region.
With all customer shares being acquired in 1999, the Trust became the 100% owner of WEL Networks Ltd.


Ultrafast Fibre Limited was established by the Company to fulfil a Government initiative to roll out high-speed broadband across eight centres in the Central North Island.
The Company agreed to sell its shares in Ultrafast Fibre Ltd, now known as Tuatahi First Fibre Ltd.


The Trust will wind up and the funds will be distributed to its Capital Beneficiaries in specific proportions: Hamilton City Council - 63%, Waikato District Council - 35%, Waipa District Council - 2%.
WEL Energy Trust was formed to hold shares in the newly created WEL Energy Group, starting as a 1/3 owner with a clear mission: ensure the company operates as a 'successful company' – one that's profitable and socially responsible.
The Trust became the 100% shareholder of WEL Networks Ltd, strengthening our ability to guide the company's community-focused approach.
WEL Networks established Ultrafast Fibre Limited to help deliver the government's ultrafast broadband initiative across eight Central North Island centers. This was achieved through Waikato Networks Ltd, with WEL Networks holding 85% (Waipa Networks 15%). In 2020, these shares were sold as the project evolved into Tuatahi First Fibre Ltd.
WEL Networks continues to innovate through its smart box programme and participation in the Top Energy project via Smart Co Ltd (15% shareholding).
When the Trust winds up, funds will be distributed to our three council partners: Hamilton City Council (63%), Waikato District Council (35%), and Waipa District Council (2%).
We aim to continue to strengthen the relationship and trust between iwi, hapuu, whaanau and our organisation
We are actively working within the community and are connected to the people and partners to deliver positive outcomes, together
Our actions seek to deliver clear and positive outcomes
We act in good faith and are prepared to be accountable
Seven Trustees are publicly elected every three years to govern the Trust. The Trust is currently operating with six Trustees due to former Trustee Jamie Strange being elected to Hamilton City Council in October 2025. Current Trustees are:







Across the Waikato, WEL Networks delivers innovative and sustainable energy solutions which enable our communities to thrive. To find out more, visit the WEL Networks website.