The proposal would create the Commonwealth Electricity Corporation and PowerAustralia by separating Snowy Hydro from its retail operations, return the majority of profits as lower electricity prices for consumers, and invest $30 billion to build new wind, solar, and storage infrastructure.

• Snowy Hydro’s retail operations would be restructured into a not-for-profit government owned corporation called PowerAustralia. PowerAustralia would remove retailer profit margins and return any profits previously paid as dividends to consumers in the form of lower electricity prices.
• Snowy Hydro’s generation division would be renamed the Commonwealth Electricity Corporation. The majority of profits made by the Commonwealth Electricity Corporation, paid as dividends to the Australian Government, would be given back to PowerAustralia customers in the form of lower electricity prices.
• $30 billion would be invested by the Commonwealth Electricity Corporation to build new wind, solar and storage capacity.

The proposal would be ongoing and start on 1 July 2025.