Identifying Concerns for Australian Electricity Cost and Its Reliability Presentation 2022

Identifying Concerns for Australian
electricity cost and its reliability

Abstract
• The paper mainly focuses on the economic issues that the government of Australia faces
due to the production of electricity.
• The main aim of the paper is to review a number of journal articles as well as scholars in
order to identify why electricity production in Australia is expensive as well as for
recommending ways through which the electricity production can be made cost effective.
• The paper uses secondary data collection method and also suggests a number of
limitations which are faced by the researchers in order to conduct the research.
• The research needs 34 days of time and budget of around $3,000.

Introduction
• The paper mainly reflects on the concerns for Australian
electricity cost and its reliability as well as on the instability.
• It is found that the production of electricity from various
renewable sources are considered to be very much costly as
compared to the production from the grid.
• Therefore, the traditional method of electricity production as well
as distribution needs are mainly replaced by the various
renewable sources for its proper sustainability.
• However, analyzing cost effective methods of electricity
production is still a great concern for the government of Australia.
• The paper reviews a number of articles as well as research paper
in order to identify effective as well as cost efficient ways of
electricity production.

Literature review
• According to Ram (2017), different types of reliable
sources like coal, nuclear energy, natural gas as well as
hydroelectricity are mainly required with appropriate
government regulations in order to have a market solution
for lowering the electricity price.
• Moreover, renewable sources of energy can generally
contribute proper proportion of electricity supply.
• It is found that presently the renewable sources of energy
are quite expensive due to the initial cost that is mainly
needed for undertaking the initial set up however, it is
considered to be quite cheaper than coal (Dogan and
Tugcu, 2015).