Rio Tinto has a lifelong history of being unlikeable. Its sudden desire to keep the Tiwai Point aluminium smelter open raises questions not only of electricity price, but of trust.
Rain in the hydro catchments rapidly brought down wholesale electricity prices, but long-term costs for thermal fuel will put pressure on prices.
Climate change policies that also reduce reliance on high-cost international fossil fuel are a key part of the government's focus in 2022.
Contact's new Tauhara power station will now cost an estimated $818m to build, a $140m increase.
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articles by Ian