this post was submitted on 21 Dec 2023
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Nuclear energy is more expensive than renewables, CSIRO report finds (www.abc.net.au)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Nuclear energy is more expensive than renewables, CSIRO report finds::Renewable energy provides the cheapest source of new energy for Australia, a new draft report from the CSIRO and energy market operator has found.

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[–] Antitoxic9087@slrpnk.net 5 points 10 months ago

This is basically common knowledge now. CSIRO report pointed to similar conclusions for several years, at least since 2021 when I started to notice.

What is relevant to real life (since Australia probably never will get nukes) is that even assignning system costs only onto VRE, they are still almost the same LCoE in a 90% VRE system. This is again consistent with previous reports.

After Australia pass 100% VRE, exporting green hydrogen in the regional market will probably handle the last remaining flexibility needs. Exporting electricity directly to SE Asia is less likely but still a possibility.