The opposition has finally put in place the last piece of its controversial nuclear policy, with modelling claiming its alternative would come in substantially cheaper than Labor's transition path to net zero.
Modelling found the Coalition plan for the National Electricity Market to be $263 billion cheaper than its estimate for Labor's transition.A Dutton government would keep coal working hard for much longer under its nuclear policy, while renewables would provide only a little over half the electricity generated in 2050.
This compares with Labor's transition plan for renewables to provide nearly all the generation by then . Another important saving, the Coalition says, is that its plan to have its nuclear plants located at or near existing power plant sites does away with the need for a huge new transmission grid.Peter Dutton says: "Nuclear energy is at the heart of our plan, providing the 'always-on' power needed to back up renewables, stabilise the grid and keep energy affordable".
Anyone inclined to take modelling at face value should reflect on the Labor experience. Before the 2022 election, it released modelling that gave it the basis to promise a $275 reduction in household power bills by next year. We all know what happened to that. The question is how it will play in the outer suburban electorates that Dutton hopes will help him cut deeply into Labor's majority.
Plan Costings Dutton Liberal Coalition Albanese Renewables
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