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NZAS Tiwai Point Aluminium Smelter to get Discount on Power Bill

Metal News - Published on Tue, 11 Feb 2020

Image Source: resources.stuff.co.nz
Stuff reported that Tiwai Point aluminium smelter has been thrown a lifeline as majority owner Rio Tinto nears its decision on whether to scale back or close down the plant with the loss of up to about 800 jobs. The Electricity Authority has announced it is considering a rule change that would make it easier for a small number of big businesses, such as the smelter, to claim a discount on their electricity transmission charges. The rule change would allow power users to claim a prudent discount from Transpower on their transmission charges by capping their bill at the price they would need to pay to have their businesses connected to power stations using their own dedicated transmission lines.

New Zealand Aluminium Smelter paid NZD 64 million to Transpower last year.

NZAS chief executive Stewart Hamilton said in December that the smelter was using only 2 per cent of the electricity grid to source its power, most of which comes from Meridian Energy's Manapouri hydro scheme 150 kilometres away, but it was paying for 7 per cent of the costs of the national network under existing price rules.

Source :

Posted By : Rabi Wangkhem on Tue, 11 Feb 2020
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