WHC 4.34% $6.01 whitehaven coal limited

Long term coal price., page-54

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    " your cost of renewables assume that the batteries are used 24 hours per day which is incorrect. You therefore need to produce a weighted average cost"

    Levelized Cost of Energy already assumes that time is extended over the life of the project.
    Therefore there is no need to produce a time weighted average on a daily basis.

    "further, why is battery storage included as a cost? We don't include the costs of turbines for Coal fired plants. So the cost should be the marginal cost of batteries, ie transmission cost etc"

    The sun doesn't shine at night and the wind doesn't blow all the time.

    Batteries are integral to the operation of wind/solar on a 24/7 levelized basis.
    Batteries are not integral to the operation of coal/gas/nuclear on a 24/7 levelized basis.

    Transmission cost is almost identical between renewables and coal/gas/nuclear, so there's no real need to worry about the differences it causes.

    "Unlike Solar, wind can indeed generate energy at night."

    The wind doesn't blow all the time.
    Therefore batteries are needed.
    Resultantly the cost of wind power is greater then coal/gas/nuclear.
 
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