| Title | Geothermal Energy Costs in Australia |
|---|---|
| Authors | Cameron HUDDLESTONE-HOLMES |
| Year | 2015 |
| Conference | World Geothermal Congress |
| Keywords | Australia, unconventional geothermal resources, geothermal energy development |
| Abstract | This paper presents forecasts for the costs of utility scale electricity production from geothermal energy in Australia. The costs were modeled using the System Advisory Model (SAM). Considering a range of play types the range of LCOE’s for geothermal energy in Australia in 2020 was forecast to be between $170/MWh and $330/MWh. Drilling costs are the biggest contributor to the LCOE for geothermal energy and these costs have increased significantly over the last decade. A scenario where technical and market factors are favourable for geothermal energy by 2030 was also considered, with the LCOE falling to between $99/MWh and $130/MWh. |