Antinuclear

Peter Dutton’s nuclear plan could blow out household electricity bills by up to $600 a year by 2030

 https://reneweconomy.com.au/peter-duttons-nuclear-plan-will-blow-out-household-electricity-bills-by-up-to-600-a-year-by-2030/ Sophie Vorrath, Mar 4, 2025

A new report has torpedoed Peter Dutton’s claim that the Coalition’s nuclear power plan for Australia would be 44 per cent cheaper than Labor’s plan for renewables, finding instead that it would inflate average consumer electricity bills by up to 41 per cent between now and 2030.

The report, commissioned by the Clean Energy Council, models the outcomes on electricity prices across Australia’s main grid, the NEM, if the build rate of utility scale renewable generation capacity was reduced significantly – as it promises to be under a Coalition government.

The modelling, conducted by global consultancy, Jacobs, sets a base case using the Australian Energy Market Operator’s (AEMO) Integrated System Plan Step Change Scenario, where 26 gigawatts (GW) of renewables in 2025 grows to 72.7 GW by 2030.

This base case is then contrasted against two scenarios based on the modelling by Frontier Economics for the federal Coalition, which restricts renewables to 49.1 GW by 2030 and relies on coal and gas while waiting for nuclear power.

In that report, Frontier Economics reduced the build rate for renewables, in particular, onshore and offshore wind, big solar and big batteries, in a world where longer term, post 2035 nuclear capacity is installed to meet customer electricity needs.

Frontier’s economic modelling has since been used to underpin claims from Liberal Peter Dutton that his plan for a power system including a significant role for nuclear will be 44% cheaper than a system relying predominantly on renewables. 

As Tristan Edis writes in a series of articles starting here, a range of energy analysts and economists have found an array of problems with how this number was derived, but this hasn’t stopped the LNP leader from repeating it every chance he gets.

The Clean Energy Council has therefore decided to fight fire with fire.

March 5, 2025 - Posted by Christina Macpherson | business