Original article by Perry Williams, Colin Packham, Jacquelin Magnay
The Australian – Page: 1 & 5 : 11-Nov-26
Modelling by Rystad Energy suggests that wholesale electricity prices will rise from 60 per megawatt hour at present to around $110MWh by 2029. Rystad has criticised the federal government’s Capacity Investment Scheme, noting that its financial closure success rate of just 18 per cent is the lowest of any major renewable underwriting mechanism in Australia. Rystad’s senior analyst David Dixon says the CIS was intended to have additional renewables capacity online by 2030; he adds that it is now too late, as construction work on these projects has yet to begin. Rystad says coal-fired power stations may need to stay open for longer, given that wind and solar plants can take 3-4 years to build.
CORPORATES
RYSTAD ENERGY AS
