Origin says solar cheaper than coal, moving on from base-load | RenewEconomy
Origin Energy says the cost of wind and solar farms has fallen so far it is now cheaper than the marginal cost of coal generation, and the company is moving on from the concept of “24/7 base-load”.
The assessment was made by Greg Jarvis, the company’s head of energy trading and operations, in an interview for RenewEconomy’s popular Energy Insiders podcast, published on Tuesday.
“I have been in this game for so long … the one thing I have seen is just the cost of renewables really change the game,” Jarvis says. “It is amazing what we have been seeing.
“Renewables are cheaper than the marginal cost of black coal at the moment. They are very cheap.”