Turnbull’s purchase of Snowy Hydro means he is now both utility owner and policy maker. More concerning is that the newly purchased Snowy Hydro has a strong economic interest in preventing the battery storage market from taking off.
Snowy 2.0 report confirms that $8 billion project would likely boost coal and lift emissions. Worse, it takes an “us and them” approach to battery storage, and uses some pretty silly battery costings to justify its case.
Snowy 2.0 only makes sense if Australia has a much higher share of renewables than contemplated under the NEG.
AGL’s plans for Liddell are vague and lacking, most likely because the company is waiting to see what the Coalition aims to do with Snowy Hydro.
