Renewable energy provides the cheapest source of new energy for Australia, a new draft report from the CSIRO and energy market operator has found.

Nuclear energy is more expensive than renewables, CSIRO report finds::Renewable energy provides the cheapest source of new energy for Australia, a new draft report from the CSIRO and energy market operator has found.

  • @[email protected]English
    5•1 year ago

    This is basically common knowledge now. CSIRO report pointed to similar conclusions for several years, at least since 2021 when I started to notice.

    What is relevant to real life (since Australia probably never will get nukes) is that even assignning system costs only onto VRE, they are still almost the same LCoE in a 90% VRE system. This is again consistent with previous reports.

    After Australia pass 100% VRE, exporting green hydrogen in the regional market will probably handle the last remaining flexibility needs. Exporting electricity directly to SE Asia is less likely but still a possibility.