Public Policy Papers

Policy Paper #3/2017: What are the full system costs of renewable energy?

Author: Stephen Wilson, Cape Otway Associates

Key Points: 

  • Australia faces the replacement of more than two thirds of its power generation capacity over the next three decades.
  • It is believed by many renewable energy advocates that variable renewable energy (VRE) options could replace coal- and gas-fired capacity without compromising the reliability of the power system. However, there is little understanding of the likely costs of doing so.
  • Most models of future full system costs are based on unrealistic assumptions. This paper outlines an approach to future costs that is based on a more realistic understanding of the technologies involved.
  • To be deployed at system-wide scale in the future generation mix, wind and solar need backup or storage. This paper provides an indication of the cost level of technology pairs that is more realistically comparable with traditional dispatchable generation.
  • The results imply that at current costs VRE options are unaffordable at scale. The costs of the VRE options considered by this paper vary from an estimated $125/MWh in the case of the wind/gas option to $1,200/MWh in the case of the rooftop solar/battery option at household level.
  • The Levelised Cost of Energy (LCoE) approach does not provide an adequate foundation either for formulation of sound energy policy or for system planning.

pdf Click here to download the full paper

What's New

The ESB’s Alarming Report on the ‘Health of the National Electricity Market"

Author: Robert Pritchard, Executive Director, EPIA

pdfClick here to download the paper

 

Policy Paper 3/18 "The Climate Driver: What the global clean energy goal means for nuclear energy and energy-dependent industries"

Author: Robert Pritchard, Executive Director, EPIA

pdfClick here to download the paper

 

Submission to the Department of the Environment and Energy on its Public Consultation Paper:

“Underwriting New Generation Investments.” (October 2018)

pdf graphicClick here to download this submission

 

Policy Research Note: "The Likely Viability of Nuclear Power in Australia"

pdf graphicClick here to download this Policy Research Note

 

A Preliminary Commentary on the Collapse of the National Energy Guarantee

pdf graphic Click here to download this Commentary

The Institute’s submission to the COAG Energy Council, August 2016.

Events

"Australia Facing Decarbonisation: Policies, Technologies, Timing and Costs"

This international briefing will provide an insight into Australia’s potential role in addressing global decarbonisation goals and may have a bearing on the future energy security of Australia. International keynotes will join Australian Panelists from the Renewables, Coal, Gas and Nuclear sectors for lively debate.

Location: Sydney

Date:  Friday 22 February 2019 - 2pm to 5.30pm followed by a reception to 7pm

Register before 22 January to save

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Policy Papers

Public Policy Papers: A compendium of Key Points (to December2018) 

Since May 2013 the Institute has published 21 Public Policy Papers.

pdfClick here to view the compendium of key points. 


Public Policy Papers : A Compendium of Key Points (Aug 2016)

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Since May 2013 the Institute has published twelve Public Policy Papers.

pdfClick here to view the compendium of key points.

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