Chapter 13: What the Numbers Reveal – Hydro Tasmania’s Financial Position in Full

This is the thirteenth post in a series of 18. I will continue to post daily, or thereabouts until all posted. The posts are related to how Hydro Tasmania actually earns money, how the National Electricity Market shapes its fortunes, and why the numbers in its accounts now matter more than at any time in […]

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Chapter 12: Hydro Tasmania – Cash Flow -The Final Test of Hydro’s Financial Strength

This twelfth post continues a series of four Chapters 10-13, related to the financial position of Hydro Tasmania with a focus on the Hydro’s cash flow. This is critical to understand the changes in the energy sector and how Hydro Tasmania actually earned money in the past, present and future, how the National Electricity Market […]

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OPINION: Tasmania’s Fiscal Reckoning: The Critical Priorities for 2026

Balancing the Budget well – nigh impossible in future, given falling revenue from Government Businesses. Tasmania enters 2026 facing not only a general government fiscal crisis, but a system-wide deterioration across the entire Public Non-Financial Corporation (PNFC) sector. For decades, government businesses quietly stabilised the State’s finances. Dividends and income tax equivalents consistently exceeded grants […]

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Chapter 11: Hydro Tasmania – The Balance Sheet – What Hydro Really Owns and Owes

This is the eleventh post is the second of four related to the financial position of Hydro Tasmania with a focus on the balance sheet. All eighteen chapters are related to how Hydro Tasmania actually earns money, how the National Electricity Market shapes its fortunes, and why the numbers in its accounts now matter more […]

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Chapter 10: Hydro Tasmania’s Underlying Profit – What It Is, What It Isn’t, and Why It Matters

This post begins a series related to the financial position of Hydro Tasmania with a focus in this post on its underlying profit. This series of 18 chapters outlines how Hydro Tasmania actually earns money, how the National Electricity Market shapes its fortunes, and why the numbers in its accounts now matter more than at […]

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Chapter 9: FCAS – Useful, Modest, and Now Mostly Contractual

This is the last of the foundation Chapters describing a little discussed but nevertheless important part of the NEM system – the role of Frequency Control Ancillary Services to Hydro Tasmania and its revenues. Tomorrow’s post will use the prior information and knowledge to have a meaningful look at Hydro’s Profit and Loss statement. Chapters […]

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Chapter 8: REGOs -The New Certificate Scheme, and the Physical Reality That Limits Their Worth

This eighth post provides information on the new Renewable Electricity Guarantee of Origin (REGO) scheme and what is means for Hydro Tasmania. This is a quite complex (some may say nerdish) area and included to try and provide some background and context to the posts that follow related to the key issue – what all […]

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Chapter 7: PPAs -The Trojan Horse That Reshaped Tasmania’s Energy System

This seventh post provides detail about how Hydro Tasmania’s Power Purchase Agreements (PPAs) impact on their financial performance. There are 18 Chapters in total. I will continue posting a new post daily, or thereabouts, related to how Hydro Tasmania actually earns money, how the National Electricity Market (NEM) shapes its fortunes, and why the numbers […]

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Chapter 6: LGCs – The $142 Million Problem Hidden in Plain Sight

Over the next three weeks, I will continue posting a new post daily, or thereabouts, related to how Hydro Tasmania actually earns money, how the National Electricity Market shapes its fortunes, and why the numbers in its accounts now matter more than at any time in the past two decades. It also seeks to dismantle […]

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Chapter 5: Inter-Regional Revenues/Residuals (IRRs) Explained

Over the next three weeks, I will continue posting a new post daily, or thereabouts, related to how Hydro Tasmania actually earns money, how the National Electricity Market (NEM) shapes its fortunes, and why the numbers in its accounts now matter more than at any time in the past two decades. It also seeks to […]

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Chapter 4: How the NEM Really Works for Tasmania

Over the next three weeks, I will continue posting a new post daily, or thereabouts, related to how Hydro Tasmania actually earns money, how the National Electricity Market shapes its fortunes, and why the numbers in its accounts now matter more than at any time in the past two decades. It also seeks to dismantle […]

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Chapter 3: Hydro Tasmania – The Institution That Holds the State Together

Over the next three weeks, I will continue posting a new post daily, or thereabouts, related to how Hydro Tasmania actually earns money, how the National Electricity Market (NEM) shapes its fortunes, and why the numbers in its accounts now matter more than at any time in the past two decades. It also seeks to […]

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