This post examines the Tasmanian Government’s and Hydro Tasmania’s governance environment – the Whole of State Business Case (WoSBC) redactions, the opaque annual report, the refusal to disclose basic financial information, and the public repetition of myths about the National Electricity Market (NEM) – and shows how these patterns have eroded transparency at a time […]
If there is one constant in Tasmania’s energy debate, it is the persistence of myths. Some are harmless misunderstandings. Others are repeated so often – by ministers, departmental officials, and even Hydro’s own leadership – that they have become part of the public consciousness. But when you examine how the National Electricity Market actually works, […]
Read More… from Chapter 14 – Myths, Misconceptions, and Convenient Narratives
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 […]
Read More… from Chapter 13: What the Numbers Reveal – Hydro Tasmania’s Financial Position in Full
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 […]
Read More… from Chapter 12: Hydro Tasmania – Cash Flow -The Final Test of Hydro’s Financial Strength
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 […]
Read More… from OPINION: Tasmania’s Fiscal Reckoning: The Critical Priorities for 2026
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 […]
Read More… from Chapter 11: Hydro Tasmania – The Balance Sheet – What Hydro Really Owns and Owes
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 […]
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 […]
Read More… from Chapter 9: FCAS – Useful, Modest, and Now Mostly Contractual
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 […]
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 […]
Read More… from Chapter 7: PPAs -The Trojan Horse That Reshaped Tasmania’s Energy System
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 […]
Read More… from 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 (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 […]
Read More… from Chapter 5: Inter-Regional Revenues/Residuals (IRRs) Explained
