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Aluminium|Energy|Power|SECURITY
Aluminium|Energy|Power|SECURITY
aluminium|energy|power|security

Meridian and NZAS expand demand response agreement

20th August 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Power company Meridian Energy and Rio Tinto’s New Zealand Aluminium Smelters Limited (NZAS) have reached a new agreement to bolster New Zealand's electricity supply during a period of high demand and tight spot prices.

Under the expanded deal, NZAS will provide an additional 20 MW/h of demand response, enhancing the support already secured through a previous agreement.

The new arrangement, effective from August 20 through September 24 means NZAS will offer a total of up to 205 MW of demand response capacity. This total includes the 185 MW of demand response already achieved by August 9, under Option 4 of the existing contract.

Meridian Energy CEO Neal Barclay praised NZAS for its proactive approach in addressing the current electricity supply challenges.

"New Zealand is experiencing a phase of high spot prices and tight electricity supply. Being able to call on our ground-breaking demand response agreement has already provided important relief, and NZAS has once again stepped-up to sign an agreement that will provide further security of supply. We are hugely appreciative of their willingness to act in the interests of all New Zealanders,” said Barclay.

Edited by Creamer Media Reporter

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