News | Business
29 Mar 2024 9:28
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Uncertainty over what will happen to power prices - after the nation's biggest energy user cemented plans to close

    Uncertainty over what will happen to power prices - after the nation's biggest energy user cemented plans to close


    Rio Tinto's aluminium smelter at Tiwai Point will wind up operations in August 2021.

    The company cites high power costs and poor outlooks for the industry.

    Energy Minister Megan Woods says the smelter uses 13 percent of the nation's power - so theoretically that electricity going back into the grid should lower prices.

    However she says they also covered a lot of transmission costs - which will now have to be shared by other users.

    Woods say they're working alongside Transpower to deal with a bottleneck in the grid - and let energy generated at Manapouri be moved around the country more easily.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     29 Mar: Another pay offer is on the table for Police - after union members labelled the last one insulting
     28 Mar: Local councils are being challenged to back up rising debt with infrastructure revenue
     28 Mar: Employees are being reminded to know their rights and responsibilities this Easter
     28 Mar: The price gap between new builds and existing properties is starting to narrow
     27 Mar: A Bill passed in Parliament today will bring changes to the bright line test
     27 Mar: 'Bizarre' and unbelievable: Gas-rich Australia's looming need for LNG imports draws fire
     27 Mar: A bit of an economic mixed bag has 2024 shaping up to be a fairly flat year
     Top Stories

    RUGBY RUGBY
    Ardie Savea insists an elevation to All Blacks captain is the last thing on his mind as he continues his season in Japan More...


    BUSINESS BUSINESS
    Another pay offer is on the table for Police - after union members labelled the last one insulting More...



     Today's News

    Entertainment:
    John Lydon felt as if he lost "half" of himself when his wife died 9:23

    Golf:
    To a Foxy-finish with a flourish on golf's PGA Tour.. 9:07

    Entertainment:
    Jessie James Decker's husband Eric has had a vasectomy 8:53

    Entertainment:
    Inside Islamic State's transformation, from life support to 'slaughtering with gusto' 8:37

    Entertainment:
    Joely Richardson struggled to find an agent after she turned 50 8:23

    Rugby:
    Ardie Savea insists an elevation to All Blacks captain is the last thing on his mind as he continues his season in Japan 8:17

    International:
    A global cocoa shortage could soon impact the price of chocolate, and PNG growers are cashing in 8:07

    Rugby:
    Chiefs Manawa fullback Renee Holmes is sceptical over a merge between Super Rugby Aupiki and the Australian Super W competition in the near future 8:07

    Rugby League:
    To rugby league's NRL.. 7:57

    Entertainment:
    Steve Harvey could easily "get rid" of one of his daughter's boyfriends 7:53


     News Search






    Power Search


    © 2024 New Zealand City Ltd