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In Australia – unsubsidized renewable energy is now cheaper than fossil fuels

Bloomberg -- Unsubsidised renewable energy is now cheaper than electricity from new-build coal- and gas-fired power stations in Australia, according to new analysis from research firm Bloomberg New Energy Finance.

This new ranking of Australia’s energy resources is the product of BNEF’s Sydney analysis team, which comprehensively modelled the cost of generating electricity in Australia from different sources. The study shows that electricity can be supplied from a new wind farm at a cost of AUD 80/MWh (USD 83), compared to AUD 143/MWh from a new coal plant or AUD 116/MWh from a new baseload gas plant, including the cost of emissions under the Gillard government’s carbon pricing scheme. However even without a carbon price (the most efficient way to reduce economy-wide emissions) wind energy is 14% c


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Submitted Feb 11, 2013 By: nerde
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: In Australia – unsubsidized renewable energy is now cheaper than fossil fuels Back to Topics
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MadFueler
Champion Author Winston-Salem

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Message Posted: Feb 12, 2013 1:03:32 PM

Australia's investors must be a lot more patient than ours.
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drpepperTX
Champion Author Texas

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Message Posted: Feb 12, 2013 8:11:39 AM

I think the worse of the two is the deceitful journalism SammyAdams. The ignorance of the readers is a choice.
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goldseeker
Champion Author West Virginia

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Message Posted: Feb 12, 2013 3:04:14 AM

About time.
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SammyAdams
Champion Author Tallahassee

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Message Posted: Feb 12, 2013 1:17:53 AM

The sad reality is that (hidden within this article) the disparity between renewables (like wind and solar) and fossil fuels is caused by TAXING fossil fuels in order to make it appear as though the renewables can compete without subsidies. Even the title of the article gives this false impression.

Judging from many GBs response, the author's sleight of hand has worked. And the "greenies" are now gloating saying: "See, I told you that that we can compete with fossil fuels" when, in fact, it is based on deceit; a tactic that often gives life to their falsehoods.

I wonder which is worse:

1) Lack of journalistic integrity or
2) Inept readers?
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Night Owl
Champion Author Toronto

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Message Posted: Feb 12, 2013 1:00:20 AM

Interesting.
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52MPG
Champion Author Dayton

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Message Posted: Feb 12, 2013 12:47:42 AM

What happens when the wind dies?
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crreed1
Champion Author West Virginia

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Message Posted: Feb 12, 2013 12:29:18 AM

good for them
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prorodeo2012
All-Star Author Bakersfield

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Message Posted: Feb 12, 2013 12:27:23 AM

interesting
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arb0526
Champion Author Greensboro

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Message Posted: Feb 12, 2013 12:26:55 AM

ok
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EvPv
Champion Author Maine

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Message Posted: Feb 12, 2013 12:26:17 AM

I wondered when the tech would bring it to this point.
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mfeldstein
Champion Author Ottawa

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Message Posted: Feb 12, 2013 12:22:51 AM

If they can do it there ....
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KrsnaDragon
Champion Author Montreal

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Message Posted: Feb 12, 2013 12:21:35 AM

Good news for Australia.
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SteelPenny
Champion Author Dallas

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Message Posted: Feb 12, 2013 12:19:27 AM

Keep it there.
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ricebike
Champion Author New Jersey

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Message Posted: Feb 12, 2013 12:18:16 AM

good for them?!?
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Vette1967
Champion Author Albany

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Message Posted: Feb 12, 2013 12:18:01 AM

There is a lot to learn here.
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Feb 12, 2013 12:17:02 AM


The major milestone for wind power has been meet for clean and renewable wind power in Australia. Now the world shall follow Australia's lead.

A few here still cannot comprehend that all fossil fuel has a limited life expectancy. When it's gone, it is GONE.
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srchr
Champion Author San Jose

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Message Posted: Feb 12, 2013 12:16:23 AM

problem is, they need to build the fossil fueled plants as backup when the wind don't blow
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stefanwaggoner
All-Star Author Bakersfield

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Message Posted: Feb 12, 2013 12:15:02 AM

imagine that the oil companies will never let it happen here
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AnObserver
Champion Author New Jersey

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Message Posted: Feb 12, 2013 12:14:52 AM

Interesting if they aren't taxing the hell out of fossil fuels
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bridgerunner
Champion Author Virginia

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Message Posted: Feb 12, 2013 12:14:47 AM

Interesting indeed!
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goalie1950
Champion Author Phoenix

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Message Posted: Feb 12, 2013 12:14:25 AM

There's a lesson to be learned here.
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Glock26
Champion Author Dayton

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Message Posted: Feb 12, 2013 12:12:14 AM

Interesting!!!
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SammyAdams
Champion Author Tallahassee

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Message Posted: Feb 11, 2013 11:22:33 PM

Reposted messages from earlier to keep GBs from being deceived by title.

Message Posted (By SammyAdams): Feb 11, 2013 10:10:23
Not true orphancarguyPE (in your Message Posted: Feb 11, 2013 9:23:37 AM), what "subsidies" (overt or hidden) are you referring to? It's the renewable energy generating that is receiving the subsidies, government grants, and low cost loans (which if they don't repay, it's the same as a gift). I am unaware of any subsidies received by the oil and gas industry.

And regarding "nuclear" energy, WHEN was the plant built? The last nuclear plant to go online was at Watts Bar in Tennessee and it cost BILLION$, because of the cost overruns resulting from government regulations. Spending 1.3 billion NOW for an additional 30 years of service seems fairly cheap. And consider the fact that money TODAY has been robbed of value by the Federal Reserve through that "hidden tax" called "counterfeiting" . . . uh, I mean "inflation".

Even regarding the cost comparison (in this article) here in Aussie land, it is only cheaper for renewables AFTER factoring in a carbon tax. Note from the article:

"large-scale solar PV will also be cheaper than coal and gas, when carbon prices are factored in"

Let's compare "apples with apples".

=============================================================

Message Posted (By Cellsite): Feb 11, 2013 10:20:17 AM
Good post, @SammyAdams. Also, what is absent in this article is the fact that regardless of how much wind power is built, you still have to have enough conventional (read reliable 24/7/365) power capacity to handle the entire load. Wind and solar are intermittent unreliable sources of power. Neither of them diminish the need for building conventional generating plants using oil, gas, coal, or nuclear. Yet, it's the wind farms that get subsidies in this country, and conventional power gets policy after policy dumped on it's back.
O'bummer and his EPA gestapo have it all backwards.

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SammyAdams
Champion Author Tallahassee

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Message Posted: Feb 11, 2013 11:10:36 PM

Those of you who read only the title and NOT the article are being totally deceived. Whereas in Australia these renewables may not be receiving subsidies, the "non-renewables" are hit with a "carbon tax" to make it appear as though renewables like wind and solar can compete "toe to toe". This just is not true and GBs should not be so gullible.

Read my post (Message Posted: Feb 11, 2013 10:10:23 AM) and the one by Cellsite (Message Posted: Feb 11, 2013 10:20:17 AM) to better understand the sleight of hand employed by this author.
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grt197
Champion Author Illinois

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Message Posted: Feb 11, 2013 11:02:05 PM

ok
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Godozo
Champion Author Gary

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Message Posted: Feb 11, 2013 11:00:54 PM

Would be Australia – the one nation where Man is NOT the high point in the food chain....

Anyway, good for them. One nation down, hopefully the rest of us can follow.
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Zeke33
Champion Author New Hampshire

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Message Posted: Feb 11, 2013 10:39:18 PM

Unsubsidized is the key word here.
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carpenter4u
Champion Author Virginia

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Message Posted: Feb 11, 2013 10:38:30 PM

Like the sound of that
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dasimon
All-Star Author Florida

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Message Posted: Feb 11, 2013 10:37:56 PM

Cool
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WIWalt
Champion Author Wisconsin

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Message Posted: Feb 11, 2013 10:37:04 PM

Good for them
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WillyG
Champion Author Cincinnati

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Message Posted: Feb 11, 2013 10:36:41 PM

I like that !
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DABEE1073
Champion Author San Diego

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Message Posted: Feb 11, 2013 10:35:47 PM

It should happen here.
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mcmonsta
Champion Author Honolulu

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Message Posted: Feb 11, 2013 10:29:28 PM

you go matey
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leemun
Champion Author Utah

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Message Posted: Feb 11, 2013 10:27:38 PM

Doesn't quite ring true somehow.
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maciek
Sophomore Author Illinois

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Message Posted: Feb 11, 2013 10:24:05 PM

Oh I do not know ...
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bouncing4fun
All-Star Author Sacramento

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Message Posted: Feb 11, 2013 10:21:41 PM

ok
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drz614
Champion Author Harrisburg

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Message Posted: Feb 11, 2013 10:18:40 PM

bvrbill: why not?
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jb107
Champion Author New Jersey

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Message Posted: Feb 11, 2013 10:17:49 PM

How long do the wind turbines last?
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bvrbill
Champion Author Eugene

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Message Posted: Feb 11, 2013 10:15:53 PM

Works for Austrailia. Won't necessarily work here.
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abcdMA
Champion Author Worcester

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Message Posted: Feb 11, 2013 10:14:57 PM

Private industry prevails
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NoGas714
All-Star Author Indiana

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Message Posted: Feb 11, 2013 10:10:18 PM

So that's where all our subsidized green projects end up.
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k2kipp
Champion Author Minnesota

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Message Posted: Feb 11, 2013 10:07:17 PM

Australia... doing it right.
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MG_Sputnik
Champion Author Philadelphia

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Message Posted: Feb 11, 2013 10:05:44 PM

Not much relevance in this part of the solar system.
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naspa
Champion Author Cleveland

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Message Posted: Feb 11, 2013 10:05:07 PM

I like this story. Doesn't this tell ya that oil is on it's way out?
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sillywagon
Champion Author New York

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Message Posted: Feb 11, 2013 10:03:23 PM

"Cost of emissions"? Isn't that a tax on carbon dioxide? If you make coal and natural gas more expensive with "cost of emissions"... wouldn't renewables become more competitive?

I would rather have known the cost of electricity. In Australia it looks like it is going up.
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billwho
Champion Author El Paso

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Message Posted: Feb 11, 2013 9:58:40 PM

Good article. What does it have to do with the price of eggs in China. Would like to see Bloomies articles about good old USA. Who is doing what to screw joe consumer.
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Bezalel
Champion Author Oklahoma City

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Message Posted: Feb 11, 2013 9:58:30 PM

Both Canada and the U.S. have vast areas with low populations. Much of Texas and Wyoming is like this. Canada has about 10% of our population and possibly more land mass.
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gass12
Champion Author Omaha

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Message Posted: Feb 11, 2013 9:58:10 PM

Some good and some bad.
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DrGasPain
All-Star Author Dallas

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Message Posted: Feb 11, 2013 9:57:49 PM

Good for them!

Unfortunately (ha ha ha all the way to the bank) we have plentiful and cheap both natural gas and coal to produce some of the cheapest electricity in the world, which is good for our economy, manufacturing etc.

Sounds like we might have found the perfect place for Obama to move to! Everything like he would like it!
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skybiker
Champion Author South Carolina

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Message Posted: Feb 11, 2013 9:56:48 PM

Free market works!!
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