Energy Central News

Curated power industry news from thousands of top sources.

News

New Energy Data Have Been Reported by Researchers at Australian National University (The Observed Cost of High Penetration Solar and Wind Electricity)

  • Oct 19, 2021
  • 36 views
Source: 
Energy Daily News

2021 OCT 19 (NewsRx) -- By a News Reporter-Staff News Editor at Energy Daily News -- Investigators publish new report on Energy. According to news reporting originating in Canberra, Australia, by NewsRx journalists, research stated, “High levels of variable solar and wind must be balanced with alternative generation, storage, transmission and demand management to ensure continuous availability of electricity. The cost of balancing has been disputed, which militates against mass deployment of solar and wind to mitigate climate change.”

Financial support for this research came from Australian Renewable Energy Agency (ARENA).

The news reporters obtained a quote from the research from Australian National University, “Australia is installing solar and wind 10 times faster than the global per capita average which constitutes a natural experiment in the real cost of balancing. The National Electricity Market (NEM) and the state of South Australia have reached combined solar and wind energy penetrations of 24% and 70% respectively and are tracking towards 40% and 100% respectively in 2024-25. Investment in new balancing infrastructure is predominantly in pumped hydro (without new dams on rivers), batteries and transmission. The current (2021) and market futures (2024) spot price for electricity in the NEM and South Australia is about AUD$40 (similar to US$30) per Megawatt-hour.”

According to the news reporters, the research concluded: “This suggests that the balancing cost of high levels of solar and wind is modest.”

This research has been peer-reviewed.

For more information on this research see: The Observed Cost of High Penetration Solar and Wind Electricity. Energy, 2021;233. Energy can be contacted at: Pergamon-elsevier Science Ltd, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, England. (Elsevier - www.elsevier.com; Energy - http://www.journals.elsevier.com/energy/)

Our news correspondents report that additional information may be obtained by contacting Andrew Blakers, Australian National University, Canberra, Act, Australia. Additional authors for this research include Matthew Stocks, Bin Lu and Cheng Cheng.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.energy.2021.121150. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

 

(Our reports deliver fact-based news of research and discoveries from around the world.)

 

Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »