Snowy Hydro is a producer, supplier, trader and retailer of energy in the NEM and a leading provider of risk management ﬁnancial hedge contracts. In addition, we are a water manager operating under a stringent water licence. Snowy Hydro captures, stores, diverts water and releases it for the use of irrigators, town water supplies and the environment.
Snowy Hydro has more than 5500 megawatts (MW) of generating capacity across New South Wales, Victoria and South Australia including the iconic 4100MW Snowy Mountains Hydro-electric Scheme, the 300MW Valley Power gas-ﬁred power station, the 320MW Laverton North gas-ﬁred power station in Victoria; the 667MW gas-ﬁred power station at Colongra in New South Wales and 136MW of diesel generation at Port Stanvac and Angaston in South Australia. Snowy Hydro has also established an oﬀtake agreement with renewable developer Equis for 100MW of large-scale solar generation at Tailem Bend in South Australia, which commenced in April 2019. Additionally, Snowy Hydro has procured 888MW of wind and solar derivative oﬀtake agreements as part of the Renewable Energy Procurement Program.
Snowy Hydro is the fourth largest retailer in the NEM through two award-winning retail energy companies - Red Energy and Lumo Energy. We bring competitive tension to the NEM which helps achieve the best price outcomes for consumers. Our retail businesses have more than one million customer accounts in the NEM including households, Small to Medium Enterprises (SMEs) and Commercial and Industrial customers (C&I) across Victoria, New South Wales, South Australia and Queensland. Snowy Hydro also operates the utilities connection business Direct Connect.