Integrated Renewables as the Lowest Cost Option

The latest GenCost report highlights that integrated renewables remain the most cost-effective option for Australia's energy future, consistent with findings from previous assessments. Despite ongoing debates surrounding the role of nuclear energy and various criticisms directed at the CSIRO, the report reiterates that the combination of solar and wind power provides the lowest long-term costs. For instance, the projected costs for renewable energy with firming reach approximately $120 per megawatt hour in the short term, with potential reductions to between $80 and $100 per megawatt hour by 2030. Such findings demonstrate the increasing economic viability of renewables compared to unabated coal or gas, which face growing scrutiny due to environmental concerns.