"According to the latest research from Bloomberg New Energy Finance, electricity from wind power can now be supplied more cheaply in Australia than power from either coal or natural gas — and solar and other forms of renewable energy aren’t far behind.
Older coal-fired power plants from the 70s and 80s still compete at lower prices than renewables — but only because their construction costs have depreciated. For the deployment of any new power generation in Australia, renewables now appear to be the way to go."
"Also, wind has been cheaper than coal since 2013, whereas coal and gas will only become less viable as subsidies may be withdrawn and there is the expectation that they will eventually have to pay the costs of pollution."
