Insider 28: Does Snowy Hydro 2.0 Stack Up?

The Federal Government recently announced a proposed expansion of Snowy Hydro’s electricity generating capacity by 2,000 MW at a cost of $2 billion.

Is this proposed pumped hydro scheme likely to be economically viable? Pumped hydro projects move water uphill before releasing it and relying on gravity to drive a generator.

A comparison is made to the operating activity of the existing Tumut 3 scheme and includes a consideration of wholesale prices, water usage, and equipment efficiencies.

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