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

Events

"Executive Briefing on Innovation in Nuclear Energy"

The briefing will be opened by the Hon John Barilaro, Deputy Premier of New South Wales. It will feature our International Guest Speaker Suzanne Jaworowski, Senior Advisor, Policy & Communications, US Office of Nuclear Energy and Chair of the Steering Committee of the International Framework for Nuclear Energy Cooperation.

What: EPIA Executive Briefing on "Innovation in Nuclear Energy"
When: Tuesday 10 March 2020, 6 - 8 pm
Where: Piper Alderman Meeting Room, Lv 23, Governor Macquarie Tower, 1 Farrer Place, Sydney
Cost: $50 (includes refreshments)
Register: https://epiaevent10mar20.eventbrite.com.au/

pdf graphicDownload a flyer

Policy Papers

Policy Paper 1/20 "The Gaping Hole: the absence of an energy vision in Australia, its consequences and an alternative way forward"

Author: Robert Pritchard, Executive Director, EPIA

pdf graphicClick here to download the paper

 

Public Policy Papers: A compendium of Key Points (to Feb 2020) 

Since May 2013 the Institute has published 25 Public Policy Papers.

pdfClick here to view the compendium of key points. 


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

  • Edit

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

pdfClick here to view the compendium of key points.

What's New

EPIA's Executive Director presentation to the USEA - Nov 2019

pdf graphic Click here to download the presentation

 

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