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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
‘Greenwashing window’ is closing as FMA prepares hard look at sustainability claims
Dan Brunskill | Fri, 08 Jul 2022

The Financial Markets Authority has been reviewing ESG-labelled funds and is expected to ratchet up its enforcement of any unable to back up their claims.  

Charities FREE
Jenny Gill: Guardian of the givers
Denise McNabb | Fri, 08 Jul 2022

Business of charity – We talk to Jenny Gill, a pioneer of the charities sector.

Markets FREE
Eroad shares on the road to recovery
Ella Somers | Thu, 07 Jul 2022

Jarden wealth management director Greg Main said Eroad was continuing its “recent recovery” and rising strongly after being heavily sold down.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges