Tiwai closure: assured short-term pain but maybe long-term gain

Thu, 09 Jul 2020

The closure of the Tiwai Point aluminium smelter will mean short-term disruption to the electricity market, with generators postponing some planned new power stations and grid operator Transpower needing to scramble to improve large-scale transmission from the South to the North Island.But longer-term it should benefit New Zealand Inc with about 14 percent of the nation's electricity generation able to be put to more lucrative uses.Still, the closure will deal a devastating blow to the Southland economy with the smelter directly employ...

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