Tasmanian energy crisis cost not as high as expected

Monday, 21 Nov 2016 07:25:23 | Georgie Burgess

Hydro Tasmania giving evidence to Parliament's Public Accounts committee. (ABC News: Georgie Burgess)

Hydro Tasmania has told a parliamentary inquiry the state's energy crisis cost it slightly less than predicted.

The inquiry resumed on Monday morning into the circumstances surrounding Tasmania's energy crisis, which was caused by a failure of the Basslink power cable that coincided with record lows in Hydro Tasmania dams.

The state-owned power company imported and installed diesel generators around Tasmania to boost the energy generation capacity during the crisis.

Hydro's financial position was being scrutinised by Parliament's Public Accounts Committee.

Hydro chairman Grant Every-Burns told the inquiry water storages were currently sitting at 46 per cent, 20 per cent more than at the same time last year.

He said the crisis cost Hydro about $140 million, and did not reach $180 million as predicted.

"Owing to the better result for 2015–16 and good inflows since, we now expect the overall cost to be at the lower end of that range," he said.

"Most of the impact occurred in the last financial year with some carried over to the current year."

Committee chairman Ivan Dean asked how much Hydro Tasmania had claimed from Basslink in legal proceedings, but Mr Every-Burns said that was confidential.

AustraliaPlus

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Tasmanian energy crisis cost not as high as expected

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