Electricity from nuclear power would cost Australia significantly more than generating it from solar and wind, according to the CSIRO. The opposition leader, Peter Dutton, has revived the idea of Australia lifting its restriction on nuclear power, but has yet to provide any details apart from suggesting large-scale nuclear reactors should be built on the sites of decommissioned coal power plants. This chart draws from the CSIRO’s latest GenCost report, which estimates the cost of building new electricity generation and storage. Nuclear power from either large-scale reactors or small modular reactors (SMR) is far more expensive than electricity generated with renewables, according to the report. This is the first time the GenCost report is estimating the cost of large scale nuclear reactors in Australia.

Source: The Guardian May 24, 2024 09:15 UTC