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15 Aug 2020 18:57
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  •   Home > News > Business

    The nation's 30 power companies are calculating where electricity prices will go when Rio Tinto closes the doors on its Southland smelter at Tiwai Point

    The nation's 30 power companies are calculating where electricity prices will go when Rio Tinto closes the doors on its Southland smelter at Tiwai Point


    The company's announced it will wind up operations at its aluminium smelter in August next year - blaming mainly high power costs and poor sales outlooks.

    Electricity Retailers' Association acting CEO Mike Munro says the closure's effect on demand and transmission capacity, won't be known for a year.

    He claims a competitive sector has resulted in the annual average household power bill dropping by about 150 dollars since 2015 - despite demand increasing.

    Munro says power bills are at their cheapest level over the past 11 years.

    © 2020 Newstalk ZB, NZCity


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     Today's News

    Living & Travel:
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    Rugby League:
    Could George Bennett make it two wins in two consecutive races? 18:07

    Netball:
    Invercargill will still host next weekend's ANZ netball Premiership final between the Central Pulse and Mainland Tactix despite the match going behind closed doors 17:57

    International:
    Coronavirus tests at airports have allowed Europeans to travel again. But the system is not without risk 17:57

    Rugby:
    The Highlanders have romped home to sign off Super Rugby Aotearoa with a 38-21 win over the Hurricanes in Dunedin 17:37

    Business:
    Auckland's Mayor is urging businesses to act with integrity after reports of price gauging 16:57

    Business:
    Blues coach Leon MacDonald is comfortable if Super Rugby Aotearoa has to be run again in 2021 16:17

    Motoring:
    Kiwi Supercars driver Shane van Gisbergen will hold off reducing the amount of jandal he uses 16:17

    International:
    Smithfield RSL restaurant linked to two coronavirus cases as NSW reports nine new infections 15:37

    Entertainment:
    Simon Cowell is “doing spectacularly well” following his horror fall 15:31


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