Snowy Hydro Limited Revenue and Competitors

Snowy Hydro Limited has a long and proud history. The construction of the Snowy Mountains Scheme is a well documented part of our nation's history and we are a great example of Aussie innovation and ingenuity. From those beginnings, we have become a dynamic and growing end to end energy provider with the complete service offering, backed by the mighty Snowy. We've evolved from an electricity generator to an integrated energy business - generating energy, providing price risk management products for wholesale customers and delivering energy to homes and businesses as the fourth largest energy retailer in the National Electricity Market (NEM). We own, operate and maintain the 4100MW Snowy Scheme, the 300MW Valley Power gas-fired power station, the 320MW Laverton North gas-fired power station and the 667MW gas-fired generator at Colongra in New South Wales a flexible and reliable mix of energy. Every day we provide fast, clean electricity and gas to our almost one million account holders who are households and businesses - big and small - across the country. Red Energy has been part of our business for more than a decade and we added Lumo Energy to our company in 2014. Direct Connect Australia, which we also acquired in 2014, provides us with a unique channel to access customers who are moving home and is a valuable third-party sales channel. We operate under a stringent water licence that allows us to capture, store and divert water in order to generate electricity. That water is then released into the River Murray and Murrumbidgee River systems to be used by irrigators and downstream water suppliers. We are owned by the New South Wales Government (58 per cent), the Victorian Government (29 per cent) and the Commonwealth Government (13 per cent) and we operate as a Corporations Law company with an independent Board of Directors.