Tim Forcey, Energy Advisor, The Melbourne Energy Institute

Beyond Zero Emissions talks to Tim Forcey, Energy Advisor at The Melbourne Energy Institute.

Today's discussion focuses upon pumped hydro energy storage.  This technology exists in Australia at three locations built several decades ago, however other countries are leading a renaissance of pumped hydro energy storage.  The deployment of pumped hydro exceeds that of any other energy storage in use today by a ratio of at least twenty to one.  This is because pumped hydro remains the cheapest form of large scale energy storage.  Recent research released by The Melbourne Energy Institute and Arup explains pumped hydro can benefit electricity consumers by dampening price spikes during peak demand periods however this would not benefit profit maximising electricity producers who currently profit from this market failure.