Australian Politics Forum - Nuclear will add $665 a year to powerbills

Jovial Monk

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Nuclear will add $665 a year to powerbills
Sep 20^th, 2024 at 11:36am

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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-p...

That is the optimistic version.

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thegreatdivide

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Re: Nuclear will add $665 a year to powerbills
Reply #1 - Sep 20^th, 2024 at 12:40pm

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-p...

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.

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UnSubRocky Gold Member Online Crocodile Hunter: Origins Posts: 24562 Rockhampton Gender:	Re: Nuclear will add $665 a year to powerbills Reply #2 - Sep 20^th, 2024 at 3:21pm Nuclear power will lower climate change emissions.
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Jovial Monk Moderator Offline Dogs not cats! Posts: 45888 Gender:	Re: Nuclear will add $665 a year to powerbills Reply #3 - Sep 21^st, 2024 at 5:08am So will renewable energy.
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UnSubRocky Gold Member Online Crocodile Hunter: Origins Posts: 24562 Rockhampton Gender:	Re: Nuclear will add $665 a year to powerbills Reply #4 - Sep 24^th, 2024 at 7:09am Jovial Monk wrote on Sep 21^st, 2024 at 5:08am: So will renewable energy. Nuclear power is renewable energy.
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Jovial Monk

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Re: Nuclear will add $665 a year to powerbills
Reply #5 - Sep 24^th, 2024 at 8:42am

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.

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