This working paper provides a systematic approach for modelling the economics of variations in output produced by weather-dependent generators and interdependencies between technologies. It shows how variations in output affect the growth rates of different technologies along the low emissions trajectory.

This primer is particularly relevant in the Australian case, showing the opportunity cost of forcing a single trajectory pathway via wind and solar. We cannot control the renewable energy resource, so we must control electrical supply to the system. Storage technologies must be critically examined for their strengths and weaknesses.