Levelised Costs Of Energy: are we comparing apples with durians?

That's an 'apples versus apples' comparison cost for the same amount of power over 80 years.

Allowing for renewables intermittency, solar generation capacity must be at least 20 times nuclear power plant capacity over 80 years. Wind generation capacity must be at least 13.3 times nuclear power plant capacity. Battery storage (renewables-only scenario) must be able to store and dispatch most of the power generated (for the NEM, via more than 8,000 – 16,000 Tesla Hornsdale 'big batteries') over 80 years.

Is nuclear really more expensive? On an 'apples versus apples' basis, no. Allowing for power generation, battery storage, and new renewables transmission costs, it's cheaper. This matters.

The share of renewables power is rising. But renewables investments aren't rising fast enough to match gas and coal power closures. Energy costs continue to rise. Reliability concerns grow.

Power bills prove costs are soaring. AEMO has recently drawn attention to reliability concerns. Labor governments are 'walking back' on when gas and coal sources should be closed down, including after 2050. So much for pious promises about when a 100% renewables power supply, and zero net emissions, will be achieved.

What to do? Remember The First Law of Holes:

If you find yourself in a hole, stop digging.