Snowy Hydro’s $600 million Hunter gas power plant will provide critical back-up for renewable energy and provide base-case returns of 12.3 per cent, according to modelling that debunks the views of critics.
Snowy Hydro says taxpayer funds for Kurri Kurri not a subsidy, but Alinta says no private investor could build a similar plant without government support.
Energy industry lining up against Angus Taylor's favoured "capacity markets" put forward as an option by Energy Security Board. Even Snowy Hydro is opposed.