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25 Sep 2020 18:06
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  •   Home > News > Business

    It might not be all bad for the South - when the Tiwai Point aluminium smelter closes

    It might not be all bad for the South - when the Tiwai Point aluminium smelter closes


    Rio Tinto plans to wrap up its operations in Southland in August next year - causing around 2,600 job losses.

    Energy Trusts of New Zealand's Alan Jenkins says as it's the country's biggest power user - it'll leave the grid with a surplus of 13 percent.

    He says transmission costs are a big part of what drives prices up - so Southland should see cheaper power.

    Jenkins says their local generators will have a lot more power to sell - and it's cheaper to sell it locally than send it all up North.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     25 Sep: Levin businesses are dealing with thousands of dollars of water damage and multiple missing taps
     25 Sep: Christchurch's port has some good news ... and bad news - for its shareholders
     25 Sep: Sir Stephen Tindall will step down from the board of The Warehouse, which he founded
     25 Sep: A mad flurry of online shopping after lockdown tested New Zealand Post like never before
     24 Sep: Trademe is warning customers to watch out for 'scumbags', carrying out online scams
     24 Sep: The country has recorded its largest annual trade surplus since 2014
     24 Sep: Sales of kiwifruit and oranges have surged as households stock up on vitamin C
     Top Stories

    RUGBY RUGBY
    The loss of their All Blacks is being treated as an opportunity for the Wellington rugby team More...


    BUSINESS BUSINESS
    Levin businesses are dealing with thousands of dollars of water damage and multiple missing taps More...



     Today's News

    Entertainment:
    Mark Wahlberg has donated 1.3 million face masks to schools across the US 18:01

    Entertainment:
    Lisa Vanderpump has claimed she didn't have a "good experience" with "boring" Teddi Mellencamp 17:31

    Rugby:
    The loss of their All Blacks is being treated as an opportunity for the Wellington rugby team 17:27

    Entertainment:
    Taylor Swift has honoured Phoebe Waller-Bridge for TIME magazine's list of 100 Most Influential People in the World for 2020 17:01

    Rugby League:
    Roger Tuivasa-Sheck has emphatically responded to reports questioning his future at the Warriors 16:57

    Entertainment:
    Liv Tyler has departed '9-1-1: Lone Star' after one series 16:31

    Politics:
    Whanau Ora is working with other Maori agencies to support children with a new initiative. 16:17

    International:
    Republicans and Democrats have committed to a peaceful transfer of power. What if Donald Trump refuses to leave? 16:17

    Entertainment:
    Ed Sheeran's property empire has soared to £61.5 million ($78.1 million) 16:01

    Entertainment:
    The Duke and Duchess of Sussex have urged Americans to vote in the upcoming presidential election 15:31


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