Liberal leader Peter Dutton says his nuclear plan will slice power bills by 44 per cent, but new research argues it will make power more expensive.
Opposition Leader Peter Dutton has claimed his nuclear energy policy would cut power bills by 44 per cent, but analysis by the renewables sector warns it could actually drive up electricity costs by more than $1000 a year for millions of Australians with rooftop solar panels.
Research to be released on Monday by the Smart Energy Council warns that millions of rooftop solar systems would have to shut off every day to allow the baseload power generated by nuclear reactors to fit into the grid.It found that non-solar households could pay an extra $665 a year in power prices, while for those with rooftop solar, the bill shock could be more than $1000.
“Peter Dutton wants to force millions of Australians to switch off the solar they bought, make them pay for more expensive nuclear power, and use their taxes to build nuclear reactors,” he said. Smart Energy Council chief John Grimes says millions of people would be worse off under the Coalition’s nuclear policy plan.By the end of this financial year, government spending is expected to be $101.5 billion higher than was forecast in the March 2022-23 federal budget.
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