Snowy Hydro's Bidding Strategy Impacted by Line Upgrades
Snowy Hydro has reported that constraints caused by network upgrades for Australia's most powerful battery hindered its bidding strategy, leading to lower profits.
The company's underlying net profit fell to $399.7 million in the 2024/25 financial year, down from $522.8 million the previous year.
“Hard to defend:”
Snowy Hydro's annual report for the 2024/25 financial year reveals the impact of line upgrades on its portfolio.
- Underlying net profit: $399.7 million (FY 2025)
- Previous year's profit: $522.8 million
Snowy Hydro's profits were affected by the constraints, making it unable to defend its portfolio.
Author's summary: Snowy Hydro's profits fell due to line upgrades.
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