The Jacobs Study commission by Star of the South, shows offshore wind in Gippsland will bring down power bills, reduce the need for more new transmission lines and cut fuel costs across the grid.
We need to transition to renewables to address climate change if it saves us money as well that is a bonus! Renewables are not a nice to have we need to make a change.
“Although offshore wind is not the cheapest option from a standalone capital cost perspective, offshore wind reduces overall system costs, through reduced transmission investment, lower fuel expenditure (less gas peaking generation), and avoided social licence costs,” the report says.
On top of the avoided costs, Jacobs says the addition of offshore wind to the generation mix would cut wholesale electricity prices across the NEM, because of the increased energy supply during the evening peak and the filling of gaps during winter and summer peaks to meet seasonal electricity demand. Quote from Renew Economy Article offshore wind the best bet