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22 Sep 2020 12:57
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  •   Home > News > Business

    It might not be all bad for the South - when the Tiwai Point aluminium smelter closes

    It might not be all bad for the South - when the Tiwai Point aluminium smelter closes


    Rio Tinto plans to wrap up its operations in Southland in August next year - causing around 2,600 job losses.

    Energy Trusts of New Zealand's Alan Jenkins says as it's the country's biggest power user - it'll leave the grid with a surplus of 13 percent.

    He says transmission costs are a big part of what drives prices up - so Southland should see cheaper power.

    Jenkins says their local generators will have a lot more power to sell - and it's cheaper to sell it locally than send it all up North.

    © 2020 Newstalk ZB, NZCity


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     21 Sep: National's Finance spokesman Paul Goldsmith still feels his job is safe after making a four billion dollar blunder to an economic plan
     21 Sep: The Government has committed 27-million dollars towards investing into the global Covid 19 vaccine development alliance
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     20 Sep: Hopes Aucklanders affected by changes to public transport services adapt and find alternative routes
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     Today's News

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    Health & Safety:
    A North Canterbury rest home could face further action - after a client died of septicaemia 12:27

    Netball:
    The Queensland Firebirds have admitted they misread community expectations by not playing the league's only indigenous player in Super Netball's Indigenous round 12:27

    Entertainment:
    Paul Mescal was horrified when a fan nearly fell off their bicycle while ogling him 11:57

    Entertainment:
    Simon Cowell will return to 'America's Got Talent' just six weeks after breaking his back 11:27

    International:
    A short history of vaccination campaigns in Australia and what we might expect with COVID-19 11:07

    International:
    Can Donald Trump replace Ruth Bader Ginsburg on the Supreme Court even if he loses the election? 11:07

    Law and Order:
    The police watchdog says an officer shouldn't have punched a man a second time while he struggled to handcuff him 11:07

    Entertainment:
    Maisie Williams thinks it would be "amazing" to make a movie with her friend Sophie Turner 10:57

    Education:
    Air New Zealand's ramping up its domestic schedule for the school holidays - to almost 90 percent of pre-Covid-19 levels 10:47


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