Are there times of day that water pressure is even higher and more electricity can be extracted?
Is the cost of extra water consumed for electricity production offset by the amount of electricity generated?
A cubic meter of water (1000 liters) weighs a metric ton, that is, 1000 kg.
If that fell 100 meters (a little more than 300 feet) that is
10 m/s^2 * 1000 kg * 100 meter
or 10^6 J. That would generate 1kw of electricity for 1000 seconds. (Enough to bake 5 potatoes in the Microwave.)That's a substantial amount of energy but it is a huge amount of water and it is a equivalent to a pressure of 10 atmospheres which would have blown up your plumbing!