GenCost 2023-24 report released
The latest release was shaped by an unprecedented level of industry participation.
What’s new?
- Renewables (solar and wind + firming) remain the lowest cost new build electricity technology.
- Large-scale nuclear technology costs included for the first time.
- Future wind costs revised upwards.
- An extensive FAQ section addressing common questions from current and past consultations.
What is GenCost?
GenCost is a leading economic report for business leaders and decision-makers planning reliable and affordable energy solutions to achieve net zero emissions by 2050.
Published annually in collaboration with the Australian Energy Market Operator (AEMO), GenCost offers accurate, policy and technology-neutral cost estimates for new electricity generation, storage, and hydrogen technologies, through to 2050.
GenCost is highly collaborative and transparent, leveraging the expertise of energy industry stakeholders and involving extensive consultation to ensure accuracy prior to publication.
Resources
Explainers
Our in-depth explainers take a closer look at Australia’s evolving electricity sector. What are the challenges and opportunities that lie ahead in Australia's energy transition?