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15,689 Posts.

17/07/18

11:24

Post #: 34388862
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Originally posted by mjp2 ↑

"
RESEARCH SHOWS PRICE WILL DRIVE SHIFT TO RENEWABLE ENERGY

Economic factors alone could lead to Australia sourcing 86% of its electricity from solar and wind generation by 2050, according to research conducted by Bloomberg New Energy Finance (BNEF).
Anti-pollution and carbon emissions policy will not affect the uptake of renewable energy sources as much as those sources becoming a cheaper alternative to traditional non-renewable generation methods.
BNEF representative Seb Henbest said that the change is expected because wind and solar generation is already the cheapest source of large-scale new generation and is set to undercut the cost of existing fossil fuel power plants as well.
“This is not a prediction based on policy, just economics,” Henbest said this week.
Despite such a system requiring energy curtailment – which is the reduction of some types of generation within a grid to maintain balance, coupled with sizeable energy storage capability that would be needed – the research found that even with these extra issues, wind and solar would still be the cheapest option."

http://www.thebull.com.au/articles/...ice-will-drive-shift-to-renewable-energy.html

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But they never bother to add the cost of backup! It is a very very large cost but all the so called experts just ignore it completely.
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