Are Renewables cheaper than Fossil Fuels? | Energy Explained by Ross Sharman

By Accurassi Australia

Are Renewables cheaper than Fossil Fuels?

Founder and CEO of Accurassi, Ross Sharman answers a commonly asked question: Are Renewables cheaper than Fossil Fuels? 

By Fossil Fuels we mean Coal and Gas. By Renewables, we are talking about Solar and Wind generation.

The simple answer to this question now is a resounding yes!

For the month of June in the National Electricity Market (NEM), Solar was 30% cheaper than Coal and 43% cheaper than Gas.

Solar and Wind Turbine costs continue to fall year on year, so they will only get cheaper. In the meantime, Coal and Gas prices cannot get much lower.  

So, despite having abundant Coal and Gas reserves in Australia, we're unlikely to see a new Coal Power Station built because the economics simply do not stack up. 

Over the past 2 years the influx of more Renewables on the grid has meant that wholesale electricity prices have fallen back to levels 5 years ago.

So, the impact of cheaper Renewables are now directly lowering your electricity bills.


Featured Videos

View all

Electric utilities need to know cross domain attack

In this video, you'll learn how to protect your critical infrastructure from the cyber-physical attacks you'll absolutely want to avoid in the power indust

Renewable Energy

Oil and Gas Utilities Need to Know Cross Domain Attack


Faraday Future: The Leader in Luxury Electric Vehicles

Technology & AI

Mark Holtermann, Vice President of IT and Digitisation, NAES