‘No credible reason’ to expect cheaper power bills under Peter Dutton’s nuclear energy plan, experts say

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Tony Wood of the Grattan Institute rejects Coalition’s claim electricity prices are high due to Labor’s renewables policy

Loy Yang power station in the Latrobe Valley, slated by the Coalition as a site for a future nuclear facility.Loy Yang power station in the Latrobe Valley, slated by the Coalition as a site for a future nuclear facility.Peter Dutton’s claim that nuclear energy would lead to cheaper power bills has been rejected by energy experts, with one saying there was “no credible reason” to think adding “the most expensive form of bulk electricity” would cut prices.

With a majority of the country’s coal-fired power plants due to close over the next decade, Dutton said that the Coalition would use less renewable energy and instead support new gas-fired power, a fossil fuel, to ensure the electricity grid remained reliable until nuclear plants were online. Wood rejected the Coalition’s claim that electricity was expensive today due to Labor’s renewable energy policies. “It’s not true,” he said.

 

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