Report: Renewables Are Cheapest New-Build Power in Australia

Annual update, GenCost 2018, found solar and wind technologies to be lowest cost.

Official Press Release CSIRO:

Annual update finds renewables are cheapest new-build power

The national science agency, CSIRO and energy market operator, AEMO today announced a new report on costs of electricity generation.

The inaugural GenCost report, prepared collaboratively with  a range of industry stakeholders, updates estimates of the cost to generate electricity from new power plants in Australia; GenCost 2018 found solar and wind technologies to be lowest cost. CSIRO Chief Energy Economist and report lead author Paul Graham said GenCost 2018 was an essential annual benchmark to guide strategic decision making, given technology costs change significantly each year. “Electricity generation costs are a key ingredient into the electricity sector modelling which underpins much of the sector’s strategic planning and policy... ... More: Official Press Release CSIRO

Australia, renewable, costs, solar, wind, fossil fuel, new-build, energy market, operator, 2018, report

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