CSIRO is out with its new annual GenCost, and it has addressed the sceptics of previous reports who quite rightly accused it of rigging the results by excluding the costs of the transmission buildout, to boost the appeal of renewables.
The result is this:
Historically, GenCost modelling relied on the Levelised Cost of Electricity (LCOE) metric, which analyses the average cost of building and operating individual generation technologies over their lifetime. While LCOE is useful for comparing technologies like solar, wind, or gas, it doesn’t account for how these technologies interact within the electricity system.
