Energy Analysis

Learning to love Rio Tinto – can it be done?

Pattrick Smellie
Thu, 10 Feb 2022

Learning to love Rio Tinto – can it be done?
The Tiwai Point conundrum in a nutshell: hydrogen-powered car, (mainly) aluminium body. (Image: BusinessDesk)
Pattrick Smellie
Thu, 10 Feb 2022
To gain new electricity contracts that would keep its Tiwai Point smelter operating, the smelter's majority owner Rio Tinto will need to achieve at least four things:1/ A decent electricity priceIt will have to pay a decent commercial rate for the one-seventh of all of New Zealand’s electricity the smelter has been using at heavily discounted prices since opening in 1971. The smelter currently pays about $35 per megawatt hour for its juice under contracts that end in December 2024. Twice that rate looks likely if it is to have any cha...

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