Comments on: Icelandic energy pays price for aluminium profits

By: Visit.is » Electricity shock for Reykjavik residents

Visit.is » Electricity shock for Reykjavik residents — Sun, 29 Aug 2010 10:04:25 +0000

[...] Icelandic energy pays price for aluminium profits [...]

By: Giova Bocca

Giova Bocca — Thu, 11 Mar 2010 02:39:01 +0000

The stated discount for the smelters does not appear exorbitant. All large industrial users get lower rates for constant large draws, and, usually, lower rates yet if they are able to time their large power draws to regular non-peak times. The lower rates incentive brings the large users and the lower rates encourages them to use power when their draws will be on extra capacity.
If you can compare ratios of industrial to consumer rates in other market areas outside Iceland where there are smelters you will be able to compile more useful data. It is, of course, Iceland’s ability to produce electrical power cheaper, so it can sell it cheaper, that makes it attractive to aluminium producers, who must smelt with electricity.
I don’t understand what it is the last paragraph of the article is comparing, or if what are being compared are comparable.

By: Laxis

Laxis — Wed, 10 Mar 2010 22:40:33 +0000

Looks complicated calculations.What i know about century aluminium is that they have posted a job offer for the summer. They needed 10 labourers and 600 asked for the job. Good luck for everybody maybe we meet all there next summer.hahhha
thanks Icy-news

By: Alex

Alex — Wed, 10 Mar 2010 15:58:18 +0000

Hi John,

It might have been better to make clearer that that was the price at the time of writing THE REPORT and not this article about the report!

Hope this helps and thanks for reading IceNews
Alex, editor

By: John

John — Wed, 10 Mar 2010 15:15:49 +0000

The current aluminium price is actually 2,200 USD per tonne. It hasn’t been 1500 since this time last year. Please do your homework properly next time.

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Wed, 10 Mar 2010 14:21:37 +0000

[...] Icelandic energy pays price for aluminium profits | IceNews – Daily News [...]

By: Peter - London/Krakow

Peter - London/Krakow — Wed, 10 Mar 2010 13:54:19 +0000

Electricity in the UK is about 10p per KWhr, which is 19Krona. Natural gas for heating is about 2.5p per Kwhr.

Could anyone post what Geothermal heating costs in Iceland? It should be something around one quarter the cost of Electricity.

By: Gray, Germany

Gray, Germany — Wed, 10 Mar 2010 13:40:16 +0000

Why is this considered news at all? Cheap energy in Iceeland was THE main reason for settling that industry there, despite the higher transport costs! Or does anybody want to argue that the energy provider operates under a loss, despite the source being free natural sources? D’oh!

Economically, aluminium production in Iceland is a win/win situation. The concerns should be about the ECOLOGICAL impact instead!

By: Icelandic energy pays price for aluminium profits | IceNews … | iceland today

Wed, 10 Mar 2010 10:55:18 +0000

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