Renewable energy the cheaper option for Aus - report
A new report by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has shown that renewable energy options would remain the cheapest new-build electricity generation option in Australia, although inflation and supply chain disruptions will likely put cost reductions on hold for the next year.
In its latest GenCost report, the CSIRO and the Australian Energy Market Operator (AEMO) confirmed that wind and solar are the cheapest source of electricity generation and storage in Australia, even when considering additional integration costs arising due to the variable output of renewables, such as energy storage and transmission.