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Renew Economy:

Wind and solar continue to reign supreme as Australia’s cheapest sources of new electricity generation, with the latest assessment from the CSIRO confirming that renewables continue to outcompete coal and gas.

On Friday, the CSIRO released a consultation draft of the latest iteration of its annual GenCost assessment, which calculates and projects the expected levelised cost of electricity from a range of electricity generation technologies.

The draft of the 2021-22 edition of GenCost confirms the status of wind and solar as the cheapest sources of new electricity supply, even after the costs of storage and network investments are taken into account and, importantly, at very high levels of renewables.

[Michael Mazengarb]

More: CSIRO GenCost: Wind and solar still reign supreme as cheapest energy sources

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