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fossil fuel
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Low carbon generation
Australian Chart of the week | 3 2 1… fight: VRE and price cannibalisation in NEM
In the last decade, the rapid decline in deployment cost of variable renewable energy (VRE) generation capacity has given renewables an advantage over fossil fuels for new builds as highlighted in ‘Renewable Power Generation Costs in 2020’ report from the International Renewable Energy Agency (IRENA). In the report, Australia has...
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Low carbon generation
Australian Chart of the week | Gassed out: are renewables running gas out of the market?
Last week, the Australian Energy Market Operator (AEMO) released its ‘Quarterly Energy Dynamics’ (QED) report for Q4 2020. The report highlighted that operational demand has fallen to its lowest quarterly level since 2001; largely driven by mild weather and strong uptake of rooftop solar. Coupled with record high wind and...
