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In the example here, the power plant was made to supply the smelter. The taxpayer built the plant for the smelter and now Rio Tinto are dictating the power pric
by lostlogin 3y ago
In the example here, the power plant was made to supply the smelter. The taxpayer built the plant for the smelter and now Rio Tinto are dictating the power price.
The power plant can’t easily supply the National grid, as the lines aren’t there with sufficient capacity. The lines are being built but Rio Tinto have used these facts to get to a position where they are subsidised by the rest of the country.
The power plant also has a finite life, and it’s passed its midpoint.
Additionally, that smelter has also had government subsidies to stay open. I see no great loss in letting it die.