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October 31, 2026

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Is Snowy 2.0 worth the price tag? | ABC Business Daily


Snowy Hydro was meant to be one of Australia’s biggest renewable energy projects, helping to power the country’s transition away from coal. But the ambitious scheme has been hit by massive cost blowouts and delays, raising serious questions about how much taxpayers will ultimately have to pay.

So what’s gone wrong with Snowy 2.0, and is the project still worth the price tag? Energy expert Bruce Mountain joins Carrington Clarke to unpack the spiralling costs, the engineering challenges and what the troubled project tells us about Australia’s energy transition.

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