Tiwai power deal likely to be settled

Tiwai's new power deal is likely to include a variable price for electricity. (Image: Getty)

Mon, 21 Nov 2022

The Tiwai Point aluminium smelter is likely to remain open with a new electricity contract with multiple suppliers and a variable pricing system, according to an analysis by Forsyth Barr.The smelter’s future is crucial to the energy sector and the wider economy as the single largest electricity user and a major employer.Whether it will stay or go has been a constant source of speculation for decades and a key driver of electricity prices.In 2019, the smelter’s majority owner, Rio Tinto, said it was reviewing its future.Freed-up powe...

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