Quote Originally Posted by macduffy View Post
Offset, of course, by lower commercial and industrial demand. Net result?
From em6live link posted, daily demand seems to be at the bottom of the expected band for the last couple of days. Sticking with my 5% drop predication at least while the lockdown is in effect.

RIO's costs/price ratio really hasn't change much but their competitive environment might have. They have lost bargaining power though, lots of businesses asking for bailouts now. Why favour RIO over say AIR NZ or all the small businesses?

Predict RIO will take slightly lower transmission fees, maybe negotiate a bit of cheaper power commercially, close a pot line perhaps and punt the decision down the road for another year.