Windorah Solar Farm, Queensland. Source: Reuters.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • The share of Australia’s electricity produced using renewable sources has increased in the 2019-2020 year according to data from the ABS
  • While coal-fired generation constitutes a majority potion of electricity generation by fuel source, it is down six per cent on the year before
  • Renewable energy is up 15 per cent to account for 23 per cent of the country’s electricity generation
  • Energy Minister Angus Taylor says as the use of renewable sources continues to grow, dispatchable sources remain crucial

The share of Australia’s electricity generated from renewable sources has increased in 2019-2020, according to the latest energy data from the Australian Bureau of Statistics.

Coal-fired generation constituted 55 per cent of the country’s electricity generation mix, although declined six per cent on the year before

Renewable energy grew by 15 per cent and accounted for 23 per cent of the country’s electricity generation in 2019-2020.

Of the various renewables, solar was the greatest contributor, generating 35 per cent of all renewables, and eight per cent of Australia’s total electricity generation.

Minister for Energy and Emissions Reduction Angus Taylor said as the use of renewable sources continues to grow, dispatchable sources would remain crucial.

“The Government is focused on protecting consumers from high prices and reliability risks as technologies in the energy sector change,” Minister Taylor said.

“We need to keep existing dispatchable supply in the market for as long as it is needed and ensure that retiring capacity is adequately replaced with new dispatchable generation to support the secure, reliable and affordable supply of electricity for all Australians.”

Overall, Australia’s energy consumption dropped by 2.9 per cent in 2019-2020 as the pandemic constrained the activities of the transportation sector. This was primarily attributable to a nine per cent decline in the transportation sector as a result of fewer passenger air and road travel.

More From The Market Online
AI image representing commodity price trends

Waning appetites for green metals and the ‘comfortable’ safe haven of gold: Thoughts on investment and commodities

Lithium's past highs and recent lows, in addition to copper's rally and gold's strong performance are…
Two miners digging in a cave awash with gold light.

The ASX gold miners benefiting most from gleaming bullion prices

Gleaming gold prices across the globe have helped several ASX gold miners sparkle especially bright as…
Image representing economic data.

GDP grows 0.2% in June quarter, but annual growth the slowest since the 1990s

Australian GDP for the June quarter came in on-target at 0.2%, the same figure as in…
Stack of coins next to a upward curve symbolizing rising costs due to inflation

Inflation cools in the 12 months to July, with reading of 3.5%

Australia's CPI reading for the 12 months to July showed an increase by 3.5%, down from…