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Renewables shine over Australian summer, as gas share slumps to new lows

Renewables shine over Australian summer, as gas share slumps to new lows

Output from Australian gas generators fell to new record low levels over the latest summer, as output from wind and solar surged to new highs, raising new questions around a Morrison government push to invest in a new gas-fired power station.

New analysis published by the Climate Council highlighted the diminished role that gas generators are playing within the National Electricity Market (NEM), slumping to less than 5 per cent market share of the electricity generated during the last Australian summer.

The market share of gas generators peaked at around 13 per cent total supply in the NEM in Autumn 2014, but since that time, the gas of electricity produced by gas plants has collapsed, falling by almost two-thirds in just seven years, while renewables have more than doubled their market share over the same period.

The Climate Council says the trends show that Australia does not need to invest in new gas fired generators.

“Our existing gas power stations are struggling to compete with clean, reliable and affordable renewable energy and storage. Australia does not need any new gas,” Climate Council senior researcher Tim Baxter said.

“Gas is a polluting and expensive fossil fuel that’s on the way out and has no role to play in our economic recovery. It’s driving up household power prices, and prices for our manufacturing industries, putting the sector at risk.”

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