Transcript source
GenCost: Cost of building Australia's future electricity needsTranscript
[Music and animation plays.]
Narrator: How does the Australian energy market plan for future electricity generation in Australia?
[Inside the outline of Australia, we see a scene, travelling along a road to the future with the sun rising over the hills in the distance.]
Narrator: New and changing technologies, increasing energy use, and the transition to net zero emissions, all create a complex, changing landscape of cost-drivers.
[Transition through the shape of Australia to settle on a uniquely Australian landscape with a growing city in the distance. An array of graphics appears on frame in time with the voice over, illustrating; technology advancement, increasing consumption, policy-making/regulation, and renewable energy usage.]
Narrator: Each year, after energy sector consultation, CSIRO publishes the Gencost report, to provide unbiased, accurate and up-to-date cost data for the future.
[Transition to a row of silhouettes of several generic reports. Data streams feed into them from all sides, with icons embedded in the data-streams representing; neutrality, accuracy, consultation, scientific method, research, and economics. The report in centre of frame lifts forward, revealing it to be the CSIRO GenCost Report.]
Narrator: As we work to reduce our emissions, business leaders and policy-makers need high-quality data from reports like GenCost, which is based on global evidence and real-world projects.
[Transition to follow a declining chart-line drawing closer to a horizontal line labelled “Net Zero emissions”. Along the line, a number of points reveal the key decision path that takes us there. Along the path we see people (decision-makers, economists, business-leaders and community).]
Narrator: The GenCost Report presents cost estimates of building new electricity generation and storage projects, and hydrogen technologies, up to the year 2050.
[Transition back to the GenCost Report opening, revealing pages containing text, diagrams and graphs, floating in space, with the words “Generation” and “Storage”, against a timeline to 2050.
Narrator: This includes coal, natural gas, solar, wind, nuclear, bioenergy, hydrogen electrolysers, and storage such as pumped hydro, and batteries.
[Transition to a collection of icons representing each of the technologies, in three categories; “Generation”, “Hydrogen” and “Storage”. Labels under each of the icons in the category of “Generation” read; “Coal”, “Gas”, “Solar”, “Wind”, “Nuclear”, and “Bioenergy”. Labels under the icon within the “Hydrogen” category reads; “Electrolyser. Labels under each of the icons in the category of “Storage” read; “Pumped Hyrdro” and “Batteries”.]
Narrator: The report includes capital costs and levelised costs.
[Transition to a split screen showing two types of data with the labels “Capital costs” (a dashed outline of a energy plant) and “Levelised costs” (a grid of smaller energy plant/facilities of different types, each in a different colour).]
Narrator: Capital costs provide the investment cost of the equipment, land and installation, and are used in planning.
[The capital costs side expands to fill the frame. The dashed outline of the plant fills as it is constructed by cranes and building equipment. A graphic representing money and a bank materialises with a green tick appearing on its top-right corner.]
Narrator: Levelised Costs combine capital costs with the running costs, such as operating, maintenance and fuel, in units that enables us to compare technologies side by side.
[The levelised costs side returns and expands to fill the frame. Icons appear to show the cost inputs, representing: operating costs (a cog with a dollar sign in the centre), maintenance costs (tools with a dollar sign in the centre), and fuel costs (a truck with a dollar sign in the centre). A line-graph builds on below the plant facilities containing different costs over time for each colour) in a way that shows they can be compared.]
Narrator: The costs to maintain reliable renewable energy supply, known as ‘firming’ costs, are factored in from the current year forwards.
[Transition to an illustration a cluster of buildings being powered by a wind-farm, labelled ‘Generation’. The wind stops blowing and we see power being drawn from gas power and battery storage (labelled ‘Firming’), switching on to provide electricity while the wind-farm is not generating energy. The text “Firming Costs” appears on screen.]
Narrator: The research is technology and policy neutral, and involves extensive consultation with industry and consumers.
[Transition to a montage representing researchers collected and analysing information, new ideas coming in, with feedback (speech bubbles and paper submissions) coming from industry and consumers (business, industrial, and residential buildings) and dropping into the central collection of information.]
Narrator: The GenCost Report plays a vital role in helping decision-makers to plan and build reliable and low-cost energy solutions to power the future of Australia.
[Pull back out to the GenCost report forming to rest in centre of frame, surrounded by the shape of Australia, with people around it (decision-makers, economists, business-leaders and community).]
Narrator: To find out more, visit: csiro.au/gencost
[Transition to text on a white background, reading: “The GenCost Report” and “To find out more, visit: csiro.au/gencost”]
[Music finishes and the CSIRO logo appears with the text “Australia’s National Science Agency” against a white background.]
Narrator: How does the Australian energy market plan for future electricity generation in Australia?
[Inside the outline of Australia, we see a scene, travelling along a road to the future with the sun rising over the hills in the distance.]
Narrator: New and changing technologies, increasing energy use, and the transition to net zero emissions, all create a complex, changing landscape of cost-drivers.
[Transition through the shape of Australia to settle on a uniquely Australian landscape with a growing city in the distance. An array of graphics appears on frame in time with the voice over, illustrating; technology advancement, increasing consumption, policy-making/regulation, and renewable energy usage.]
Narrator: Each year, after energy sector consultation, CSIRO publishes the Gencost report, to provide unbiased, accurate and up-to-date cost data for the future.
[Transition to a row of silhouettes of several generic reports. Data streams feed into them from all sides, with icons embedded in the data-streams representing; neutrality, accuracy, consultation, scientific method, research, and economics. The report in centre of frame lifts forward, revealing it to be the CSIRO GenCost Report.]
Narrator: As we work to reduce our emissions, business leaders and policy-makers need high-quality data from reports like GenCost, which is based on global evidence and real-world projects.
[Transition to follow a declining chart-line drawing closer to a horizontal line labelled “Net Zero emissions”. Along the line, a number of points reveal the key decision path that takes us there. Along the path we see people (decision-makers, economists, business-leaders and community).]
Narrator: The GenCost Report presents cost estimates of building new electricity generation and storage projects, and hydrogen technologies, up to the year 2050.
[Transition back to the GenCost Report opening, revealing pages containing text, diagrams and graphs, floating in space, with the words “Generation” and “Storage”, against a timeline to 2050.
Narrator: This includes coal, natural gas, solar, wind, nuclear, bioenergy, hydrogen electrolysers, and storage such as pumped hydro, and batteries.
[Transition to a collection of icons representing each of the technologies, in three categories; “Generation”, “Hydrogen” and “Storage”. Labels under each of the icons in the category of “Generation” read; “Coal”, “Gas”, “Solar”, “Wind”, “Nuclear”, and “Bioenergy”. Labels under the icon within the “Hydrogen” category reads; “Electrolyser. Labels under each of the icons in the category of “Storage” read; “Pumped Hyrdro” and “Batteries”.]
Narrator: The report includes capital costs and levelised costs.
[Transition to a split screen showing two types of data with the labels “Capital costs” (a dashed outline of a energy plant) and “Levelised costs” (a grid of smaller energy plant/facilities of different types, each in a different colour).]
Narrator: Capital costs provide the investment cost of the equipment, land and installation, and are used in planning.
[The capital costs side expands to fill the frame. The dashed outline of the plant fills as it is constructed by cranes and building equipment. A graphic representing money and a bank materialises with a green tick appearing on its top-right corner.]
Narrator: Levelised Costs combine capital costs with the running costs, such as operating, maintenance and fuel, in units that enables us to compare technologies side by side.
[The levelised costs side returns and expands to fill the frame. Icons appear to show the cost inputs, representing: operating costs (a cog with a dollar sign in the centre), maintenance costs (tools with a dollar sign in the centre), and fuel costs (a truck with a dollar sign in the centre). A line-graph builds on below the plant facilities containing different costs over time for each colour) in a way that shows they can be compared.]
Narrator: The costs to maintain reliable renewable energy supply, known as ‘firming’ costs, are factored in from the current year forwards.
[Transition to an illustration a cluster of buildings being powered by a wind-farm, labelled ‘Generation’. The wind stops blowing and we see power being drawn from gas power and battery storage (labelled ‘Firming’), switching on to provide electricity while the wind-farm is not generating energy. The text “Firming Costs” appears on screen.]
Narrator: The research is technology and policy neutral, and involves extensive consultation with industry and consumers.
[Transition to a montage representing researchers collected and analysing information, new ideas coming in, with feedback (speech bubbles and paper submissions) coming from industry and consumers (business, industrial, and residential buildings) and dropping into the central collection of information.]
Narrator: The GenCost Report plays a vital role in helping decision-makers to plan and build reliable and low-cost energy solutions to power the future of Australia.
[Pull back out to the GenCost report forming to rest in centre of frame, surrounded by the shape of Australia, with people around it (decision-makers, economists, business-leaders and community).]
Narrator: To find out more, visit: csiro.au/gencost
[Transition to text on a white background, reading: “The GenCost Report” and “To find out more, visit: csiro.au/gencost”]
[Music finishes and the CSIRO logo appears with the text “Australia’s National Science Agency” against a white background.]