Smelter sees little near-term gain from TPM changes

Thu, 11 Jun 2020

New Zealand Aluminium Smelters says new transmission pricing rules announced yesterday offer little near-term support for its operation near Bluff. The business, New Zealand’s biggest electricity consumer, is being reviewed for closure by majority owner Rio Tinto and has been seeking lower power and transmission charges to improve its international competitiveness. While its transmission costs should fall under the new transmission pricing methodology, or TPM, announced yesterday, it is really seeking a bespoke deal under which it would p...

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