Cost of renewables now forecast to be comparable to fossil fuels

Here is an important piece of analysis from the Australian Bureau of Resource and Energy Economics (BREE).  It looks at the different components that determine the cost of 40 different forms of market-ready energy in a way that allows a direct forecast comparison between them for the year 2030. The results show an substantially increased cost for nuclear power, with reductions for solar power. The modelling takes out the carbon price, in the expectation of this action from the Abbott Government. That places renewable energy sources at a disadvantage, compared to the present, but even without a carbon price solar and wind energy would be competitive to fossil fuel alternatives.

Graph for Solar and wind competitive with fossil fuels - Gov't economist

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