Coalition’s nuclear power plan will add $665 to average power bill a year, report warns

Coalition’s nuclear power plan will add $665 to average power bill a year, report warns


Opposition disputes costings in study and accuses authors of cherrypicking ‘worst-case scenario projects’ from around the worldGet our breaking news email, free app or daily news podcastThe Coalition’s plan for seven nuclear power plants would lift power bills for average households by $665 a year based on estimated costs of six overseas nuclear projects, according to an Institute for Energy Economics and Financial Analysis report.The Ieefa findings built on the CSIRO’s GenCost studies that have shown nuclear energy to be the most expensive form of new power generation. It assessed recent construction costs at plants in the US, UK, Finland and France, and two proposed plants – one in the Czech Republic and an abandoned small modular reactor in the US.Sign up for Guardian Australia’s breaking news email Continue reading...

https://www.theguardian.com/australia-news/2024/sep/20/coalition-nuclear-power-plan-will-add-665-dollars-to-average-power-bill-a-year-report-warns