Australia’s national science agency, the CSIRO has today published the GenCost 2025–26 Final Report. Now in its eighth year, GenCost provides Australia's annual independent assessment of electricity generation, storage and hydrogen technology costs and reflects extensive collaboration between CSIRO, AEMO, and industry stakeholders. This year's report finds renewable generation supported by storage continues to represent the lowest-cost pathway for Australia's future electricity system under a net zero emissions scenario, while falling battery costs are continuing to reshape electricity markets. AEMO Executive General Manager System Design Nicola Falcon said: "GenCost continues to be a respected example of collaboration between CSIRO and AEMO, providing trusted, independent insights that support planning for Australia's future electricity system." 🗎 Read the report: www.csiro.au/gencost 🗞️ AEMO media release: https://lnkd.in/gFrm6QMF
Graham Pryor
2w
The GenCost provides the Generating Cost of providing electricity "AT THE SOURCE" such as a solar panel during a sunny day or wind turbine in ideal wind conditions. It does not provide the cost to householders and businesses which includes the cost of transmission lines, storage batteries and so on. The Labor government relies on the GenCost to make its claim that renewables are cheaper. The Frontier Economics report provides the cost of electricity "TO THE CONSUMER", such as households and businesses, and it does include the cost of transmission lines, storage batteries and so on. The cost to the consumer is reflected in our electricity BILLS, and that is the real-world cost of electricity. Cost of electricity from Nuclear: Frontier Economics reports that the cost of going nuclear in Australia is less than half the cost AEMO has estimated to achieve a renewables grid based on Wind and Solar: https://www.frontier-economics.com.au/wp-content/uploads/2024/12/Report-2-Nuclear-power-analysis-Final-STC.pdf
Ben Opit
2w
I don't swear in public but here goes "Nuclear Power"
ahh no I don't agree with this. there is no scenario in the future where these costs remain this low. Especially under this government.
Presumably based on LCOE economic modeling. Perhaps they should repeat using EROI. Bur that won’t provide the “correct” answer. Ultimately EROI is the logical system. It actually reflects energy returns on investment and strengthens the role of nuclear. But for the ideologically motivated CSIRO that is a no no. CSIRO has never designed and delivered an electricity grid, which quickly diminishes its credibility as an exoert.