The future of coal and renewable power generation in Australia: A review of market trends

Jeremy Webb, H. Nadeeka de Silva and Clevo Wilson ()

Economic Analysis and Policy, 2020, vol. 68, issue C, 363-378

Abstract: Recent estimates of the levelized cost of energy (LCOE) indicate a watershed moment where market forces have become the foremost driver in the replacement of coal by renewable sources. Current studies indicate an energy market is emerging in which not only new renewable plants are more cost effective than new coal fired power plants (CFPPs), but also the former is becoming more cost effective than existing CFPPS on a levelized cost of energy (LCOE) basis. However, an accelerated retirement of existing CFPPs depends both on the price received by power plants on a time weighted basis and on the total cost of energy which, in addition to the LCOE, takes into account costs of distribution and storage needed to overcome intermittent supply.

Keywords: Coal and renewable energy; Cost of electricity generation: Market trends; Future of electricity generation; Australia (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:68:y:2020:i:c:p:363-378

DOI: 10.1016/j.eap.2020.10.003

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