Low water, lack of gas and wind supply steer energy prices to surge, Tiwai Aluminium not at fault
The body advocating for enterprise and promoting the voice of thousands of businesses across New Zealand, BusinessNZ said: “We should be grateful Tiwai Aluminium smelter is still here, rather than blaming it for higher power prices.”
However, the New Zealand Electricity Authority, the independent Crown entity responsible for the regulation of the electricity market stated that each household pays around NZ$200 per year more, because of the Meridian Energy deal supplying Tiwai aluminium smelter cheap electricity.
Tina Schirr, Executive Director Energy and Innovation, BusinessNZ Energy Council said: “Higher costs have been mainly because of low water, and a lack of gas and wind supply.”
She further added: “A lot of people were keen for Tiwai aluminium (NZAS) to stay on to secure jobs and protect the environment.”
“I mean we produce here in New Zealand aluminium quite clean, and it will eventually just go to probably a place where maybe this is not the case.”
NALCO continues to slash its aluminium ingot price by INR19100/t in line with M-o-M downfall of LME aluminium price
Next articleEuropean Aluminium appeals for a strong industrial strategy, welcomes 6 new members
Grow with
AL Circle
