Quote:

Coalition’s nuclear plan will add $665 a year to average power bill, report warns Opposition disputes costings in study and accuses authors of cherrypicking ‘worst-case scenario projects’ from around the world The 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. “The cost of electricity generated from nuclear plants would likely be 1.5 to 3.8 times the current cost of electricity generation in eastern Australia,” the Ieefa report by Johanna Bowyer and Tristan Edis found.

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

That is the optimistic version.

Jovial Monk wrote on Sep 20^th, 2024 at 11:36am:

Quote: Coalition’s nuclear plan will add $665 a year to average power bill, report warns Opposition disputes costings in study and accuses authors of cherrypicking ‘worst-case scenario projects’ from around the world The 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. “The cost of electricity generated from nuclear plants would likely be 1.5 to 3.8 times the current cost of electricity generation in eastern Australia,” the Ieefa report by Johanna Bowyer and Tristan Edis found. 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 That is the optimistic version.

The real question, assuming AGW is a real and present danger, is which technology is best suited to reaching zero emissions ASAP.

As for cost:  currency-issuing governments can pay for the necessary resource mobilization for free, obviously; the only constraint for a currency-issuer  is resource availability.

It's time for the profit-driven  private sector to get out of the way......"you're fired",  as a certain ex prez likes to say.   

Nuclear power will lower climate change emissions.

So will renewable energy.

Jovial Monk wrote on Sep 21^st, 2024 at 5:08am:

So will renewable energy.

Nuclear power is renewable energy.

No. It is non-CO2 emitting power but relies on a finite amount of fissionable elements, uranium, thorium etc.

We could well add some nuclear to our grid and that would be good. But so expensive at present.

What we need is 20Km x 20Km solar installations in some northern arid region, that would be a game changer.