Thanks for the heads up on this.
I am going to be too busy today to watch out and work out the implications for this.
Would appreciate any thoughts about this decision as it is made.
Pretty significant announcement. Update TPM methodology includes a provision for a "Prudent Discount Policy - important safeguard to stop customers exiting country because of inefficient high transmission costs". E.g. Tiwai will get special treatment.
Certainly not 100% sealed yet but I would say this materially increases the chances of it staying. Be interesting to see what power shares do on market open today.
I would think in this market, with the banks offering term deposits only a percent or two lower than what is being offered by some of the power co's, there would be no shifting of allocation, and rather a pull out all together (to cash)... especially given the power co's dividends are certainly under threat.
Now the power co's dividends will be under huge threat with demand about to fall off a cliff!
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