Don't respond to Pinto , the guy just loves stirring Sheet. The mathematics of hydro storage is potential energy is mass times gravity times height.
Only in places where height is available you can get more energy because mass (water) and gravity are fixed.
Just look where Hydro has been installed around the world right now!
The longer the delays on Nuclear, the more the pressure on gas availability is required because Batteries, Windfarms and Solar is not being built quick enough to replace our coal assets. The extra transmission lines has not been costed in!
One quick link shows exactly what's happening right now and you just have to realize no coal fired power station are going to be built ,and AGL and Origin energy( the asset owners) have a vested interest in higher electricity prices. Australia is so dumb!
https://aemo.com.au/energy-systems/electricity/national-electricity-market-nem/data-nem/data-dashboard-nem
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