Cost of Renewable Generation in Canada - Final Report December 2022

20.500.12592/v2d9nr

Cost of Renewable Generation in Canada - Final Report December 2022

16 Jan 2023

• The scope and focus of the analysis is centered on applying this method to develop cost estimates for new solar, wind and energy storage deployments in Alberta and Ontario over the next decade. [...] • This work offers several contributions to energy and climate discussions in Canada: • A reproducible approach for estimating localized costs of renewable generation in Canada; • A reference for governments, utilities, environmental groups, researchers and other stakeholders in Canada’s energy ecosystem in their assessments of energy pathways and policy; and • Important insights into the competit. [...] Results Considerations and Limitations The results from the analysis should be interpreted with the following considerations: • The developed costs represent the cost of a resource for a given year of installation. [...] combined cycle turbine, single-cycle peaker, etc.) to allow for an appropriate comparison, but recognize that the impact of renewable and storage resources on reliability depends on the underlying system and requires more detailed analysis of the capacity contribution of each resource in the context of local demand and supply pattern. [...] Results Considerations for Policy- and Decision-Makers The key takeaways from the study also provide some insight into implications and priorities for Canadian policy- and decision-makers to consider: • Renewables should be prioritized for addressing energy needs in Canada to contribute to reducing emissions from the electricity sector, lowering system costs, and increasing energy security.

Authors

Ben Kujala

Pages
21
Published in
Canada

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