The opposition has boasted “massive savings” it can give families struggling with power bills, as the costings are revealed for its nuclear energy policy it will take to the election.
Analysis reveals Coalition’s nuclear policy to cost $263 billion cheaper as Peter Dutton vows cheaper power bills under Liberal govt
According to analysis by Frontier Economics, the cost of the Coalition's nuclear will be $331 billion versus $594 billion for Labor's green push between now and 2050 as Australia continues to track toward net zero in its climate change fight. It is also assuming coal-fired power stations can continue to run while contracts are decided and that electricity demands will not rise as quick as what Labor is predicting.
“This means reduced power bills for households, lower operating costs for small businesses, and a stronger, more resilient economy.”In June he revealed the proposed sites of the reactors will be at existing sites of aging coal-fired power stations, which are heading into retirement, in regional Australia.
Political Editor Andrew Clennell pressed the Opposition Leader on how he can bring down power bills, which the Albanese government has so far failed to do despite its election pledge, given it could take 10 years to build nuclear reactors.
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