Jun 14 2017

By Georgia Holland

 

Snowy Hydro Limited has welcomed the support of the Finkel Review of pumped hydro as a key to energy security.

The review focuses on recommendations aimed at strengthening reliability in the National Electricity Market.

Snowy Hydro CEO Paul Broad says the Snowy 2.0 project would play a key role in both ensuring security of supply and backing up the expected big increase in intermittent supplies – wind and power – in the market.

He added Snowy 2.0 can provide the largest scale and affordable storage of renewable energy.

The Australian Energy Council’s Chief Executive, Matthew Warren says the new model proposed was a potential game changer to the current energy policy and investment gridlock.

It's said it will provide a real and credible pathway to build a lower emissions grid and lower energy prices whilst maintaining a reliable system. 

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