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24-03-2020, 04:23 PM
#191
Delay gives NZ Inc more time to progress the transmission upgrades already announced and squeezes RIO's leverage.
Anyone have any insight into national power demand during the lockdown? Any trends apparent yet? I would assume demand would drop, but not by that much, maybe 5%?
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24-03-2020, 04:26 PM
#192
Member
Originally Posted by bull....
delay doesnt change much in way of fundamentals and im sure the power companies do deal to keep smelter open but it be at s/h expense , also demand for electricity will be well down this year now due to lock down and business failures to come. im for letting rio stand on there own feet not for subsidies if gentailers are so keen to throw millions at rio they should throw millions at consumers to if rio closes.
A lot more people will be at home using more power as well,instead of being in the office
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24-03-2020, 04:29 PM
#193
Originally Posted by Jaa
Delay gives NZ Inc more time to progress the transmission upgrades already announced and squeezes RIO's leverage.
Anyone have any insight into national power demand during the lockdown? Any trends apparent yet? I would assume demand would drop, but not by that much, maybe 5%?
I haven't done any sums yet, but maybe it would be reasonable to look at the difference between a regular weekend and weekday and take that as the approximate reduction? Not exactly comparable but maybe a good start.
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24-03-2020, 04:38 PM
#194
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25-03-2020, 02:25 PM
#195
Member
Originally Posted by fish
Rio are reviewing their options and could use the uncertainty of corvid-19 economic damage to postpone their final decision.
I do not know for sure but I guess they will have to close for 4 weeks and then maybe will re-open the pots they can run on cheaper contracted prices
I read confirmation this morning that Tiwai will be open for the duration of the lockdown.
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26-03-2020, 09:23 AM
#196
Originally Posted by Lewylewylewy
I'm not sure if Jacinda will care about Rio's departure. Might try to sell the consequent drop in electricity prices as a good thing she did.
The Greens would surely love it too, right? Those dirty boats coming over from Aus with alumina, the ability to dial back some of the non-renewable power generation. I can't really see the COL trying too hard to retain them.
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26-03-2020, 09:57 AM
#197
Short term economic reality might rule - ie job losses and hole in Southland economy, the power comapnies (they all still majority own), export revenue etc.
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26-03-2020, 10:24 AM
#198
Think there is only one thats still majority owned,Contact?. Remember John (double whammy) Key flogged off our other ones to us!
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26-03-2020, 10:51 AM
#199
Originally Posted by Joshuatree
Think there is only one thats still majority owned,Contact?. Remember John (double whammy) Key flogged off our other ones to us!
JK flogged off minority stakes in Genesis, Mercury and Meridian. So the government still has a 50% controlling shareholding in those. Contact ownership is now very highly dispersed, since the former majority owner, Origin Energy in Australia, sold out.
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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26-03-2020, 10:54 AM
#200
Originally Posted by Joshuatree
Think there is only one thats still majority owned,Contact?. Remember John (double whammy) Key flogged off our other ones to us!
No, Meridian etc were only partial floats. Crown still retains 51%.
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