Transitioning Australia to 100% renewables: electricity and fuel costs
This chart shows modelling for total energy costs, including operational and capital power supply costs and fuel costs, for three scenarios. The reference scenario is a continuation of the current status quo based on Government forecasts, the renewable scenario focuses on renewable energy in the power sector by 2030 while the transport and industry sectors remain dependent on fossil fuels, and the advanced renewable scenario aims for a fully decarbonised power sector by 2030 and a fully renewable energy supply system – including transport, and industry – by 2050.