Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:07 PM

GasBuddy News Article

57
votes
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


Read the Full Article

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
REPLIES (newest first) Post a Reply
MadFueler
Champion Author Winston-Salem

Posts:4,710
Points:1,013,170
Joined:Sep 2012
Message Posted: Feb 12, 2013 11:03:32 AM

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

Posts:14,639
Points:1,561,300
Joined:Apr 2011
Message Posted: Feb 12, 2013 6:11:39 AM

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

Posts:23,872
Points:3,549,405
Joined:Sep 2005
Message Posted: Feb 12, 2013 1:04:14 AM

About time.
SammyAdams
Champion Author Tallahassee

Posts:6,507
Points:1,600,115
Joined:Nov 2010
Message Posted: Feb 11, 2013 11:17:53 PM

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?
Night Owl
Champion Author Toronto

Posts:10,850
Points:2,603,730
Joined:Jul 2004
Message Posted: Feb 11, 2013 11:00:20 PM

Interesting.
52MPG
Champion Author Dayton

Posts:10,646
Points:2,553,725
Joined:Apr 2006
Message Posted: Feb 11, 2013 10:47:42 PM

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

Posts:5,161
Points:3,250,085
Joined:May 2005
Message Posted: Feb 11, 2013 10:29:18 PM

good for them
prorodeo2012
All-Star Author Bakersfield

Posts:567
Points:593,835
Joined:Sep 2012
Message Posted: Feb 11, 2013 10:27:23 PM

interesting
arb0526
Champion Author Greensboro

Posts:2,781
Points:582,685
Joined:Mar 2011
Message Posted: Feb 11, 2013 10:26:55 PM

ok
EvPv
Champion Author Maine

Posts:4,412
Points:1,094,630
Joined:Feb 2011
Message Posted: Feb 11, 2013 10:26:17 PM

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

Posts:11,429
Points:2,715,960
Joined:Feb 2007
Message Posted: Feb 11, 2013 10:22:51 PM

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

Posts:6,177
Points:1,341,250
Joined:Nov 2011
Message Posted: Feb 11, 2013 10:21:35 PM

Good news for Australia.
SteelPenny
Champion Author Dallas

Posts:38,762
Points:3,418,240
Joined:Sep 2005
Message Posted: Feb 11, 2013 10:19:27 PM

Keep it there.
ricebike
Champion Author New Jersey

Posts:12,966
Points:2,571,210
Joined:Oct 2005
Message Posted: Feb 11, 2013 10:18:16 PM

good for them?!?
Vette1967
Champion Author Albany

Posts:9,355
Points:2,090,370
Joined:Jun 2009
Message Posted: Feb 11, 2013 10:18:01 PM

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

Posts:15,110
Points:2,416,340
Joined:Jun 2008
Message Posted: Feb 11, 2013 10:17:02 PM


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.
srchr
Champion Author San Jose

Posts:10,461
Points:2,383,465
Joined:Apr 2008
Message Posted: Feb 11, 2013 10:16:23 PM

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

Posts:562
Points:152,915
Joined:Mar 2012
Message Posted: Feb 11, 2013 10:15:02 PM

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

Posts:11,577
Points:3,036,715
Joined:Sep 2005
Message Posted: Feb 11, 2013 10:14:52 PM

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

Posts:11,322
Points:1,819,385
Joined:Jul 2009
Message Posted: Feb 11, 2013 10:14:47 PM

Interesting indeed!
goalie1950
Champion Author Phoenix

Posts:9,796
Points:2,110,390
Joined:Oct 2009
Message Posted: Feb 11, 2013 10:14:25 PM

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

Posts:4,781
Points:1,415,260
Joined:Mar 2011
Message Posted: Feb 11, 2013 10:12:14 PM

Interesting!!!
SammyAdams
Champion Author Tallahassee

Posts:6,507
Points:1,600,115
Joined:Nov 2010
Message Posted: Feb 11, 2013 9:22:33 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.

SammyAdams
Champion Author Tallahassee

Posts:6,507
Points:1,600,115
Joined:Nov 2010
Message Posted: Feb 11, 2013 9:10:36 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.
grt197
Champion Author Illinois

Posts:2,141
Points:511,130
Joined:Jan 2013
Message Posted: Feb 11, 2013 9:02:05 PM

ok
Godozo
Champion Author Gary

Posts:1,677
Points:1,266,890
Joined:Dec 2010
Message Posted: Feb 11, 2013 9:00:54 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.
Zeke33
Champion Author New Hampshire

Posts:7,841
Points:2,166,240
Joined:Sep 2005
Message Posted: Feb 11, 2013 8:39:18 PM

Unsubsidized is the key word here.
carpenter4u
Champion Author Virginia

Posts:3,623
Points:1,314,045
Joined:Jul 2011
Message Posted: Feb 11, 2013 8:38:30 PM

Like the sound of that
dasimon
All-Star Author Florida

Posts:556
Points:590,850
Joined:Mar 2011
Message Posted: Feb 11, 2013 8:37:56 PM

Cool
WIWalt
Champion Author Wisconsin

Posts:5,012
Points:1,222,845
Joined:Mar 2012
Message Posted: Feb 11, 2013 8:37:04 PM

Good for them
WillyG
Champion Author Cincinnati

Posts:6,332
Points:1,647,800
Joined:Aug 2005
Message Posted: Feb 11, 2013 8:36:41 PM

I like that !
DABEE1073
Champion Author San Diego

Posts:11,805
Points:2,384,475
Joined:Jun 2008
Message Posted: Feb 11, 2013 8:35:47 PM

It should happen here.
mcmonsta
Champion Author Honolulu

Posts:6,329
Points:1,641,225
Joined:Sep 2009
Message Posted: Feb 11, 2013 8:29:28 PM

you go matey
leemun
Champion Author Utah

Posts:8,973
Points:1,842,475
Joined:May 2010
Message Posted: Feb 11, 2013 8:27:38 PM

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

Posts:153
Points:1,739,810
Joined:Jul 2008
Message Posted: Feb 11, 2013 8:24:05 PM

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

Posts:742
Points:294,020
Joined:Jun 2012
Message Posted: Feb 11, 2013 8:21:41 PM

ok
drz614
Champion Author Harrisburg

Posts:5,720
Points:1,410,565
Joined:Aug 2011
Message Posted: Feb 11, 2013 8:18:40 PM

bvrbill: why not?
jb107
Champion Author New Jersey

Posts:12,906
Points:3,431,550
Joined:Sep 2005
Message Posted: Feb 11, 2013 8:17:49 PM

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

Posts:8,444
Points:1,356,350
Joined:Jul 2011
Message Posted: Feb 11, 2013 8:15:53 PM

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

Posts:11,263
Points:2,375,690
Joined:Nov 2008
Message Posted: Feb 11, 2013 8:14:57 PM

Private industry prevails
NoGas714
All-Star Author Indiana

Posts:827
Points:1,357,465
Joined:May 2005
Message Posted: Feb 11, 2013 8:10:18 PM

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

Posts:6,436
Points:1,870,710
Joined:Sep 2005
Message Posted: Feb 11, 2013 8:07:17 PM

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

Posts:10,463
Points:2,770,180
Joined:Apr 2006
Message Posted: Feb 11, 2013 8:05:44 PM

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

Posts:4,800
Points:1,193,100
Joined:Jan 2012
Message Posted: Feb 11, 2013 8:05:07 PM

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

Posts:20,963
Points:2,255,620
Joined:Oct 2008
Message Posted: Feb 11, 2013 8:03:23 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.
billwho
Champion Author El Paso

Posts:3,236
Points:969,065
Joined:Jan 2010
Message Posted: Feb 11, 2013 7:58:40 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.
Bezalel
Champion Author Oklahoma City

Posts:15,512
Points:3,101,000
Joined:Oct 2006
Message Posted: Feb 11, 2013 7:58:30 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.
gass12
Champion Author Omaha

Posts:11,629
Points:3,109,935
Joined:Oct 2005
Message Posted: Feb 11, 2013 7:58:10 PM

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

Posts:532
Points:1,033,430
Joined:Mar 2011
Message Posted: Feb 11, 2013 7:57:49 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!
skybiker
Champion Author South Carolina

Posts:9,624
Points:2,343,295
Joined:Jul 2008
Message Posted: Feb 11, 2013 7:56:48 PM

Free market works!!
SandeeC
Champion Author Ontario

Posts:3,334
Points:503,460
Joined:Apr 2011
Message Posted: Feb 11, 2013 7:51:33 PM

Wind farms in Australia is quite a different matter than wind farms in most states and Canada. They have a lot more land mass with no one living near by. All the issues here in Canada with them is the fact that they are too close to where people are living.
Post a reply Back to Topics