COALITIONS PLANS TO GO NUCLEAR

The Coalitions nuclear power plan will cost up to $263 billion less than Labor’s renewable rollout between now and 2050, translating into cheaper electricity over the long run.

The costings, conducted by Frontier Economics and on Friday by Opposition Leader Peter Dutton, estimates the capital and operating costs of the Coalition’s policy to deliver net zero emissions electricity by 2050 will be $331 billion.

The long term plan will provide reliable, consistent and cheaper energy to return Australia to an industrial and manufacturing powerhouse. As coal fired plants close, the Coalition plans to replace them with zero emissions nuclear energy, to work alongside renewables and gas to power industry.

“Advanced economies worldwide are expanding nuclear programs to meet their energy and emissions goals, and Australia must not be left behind.” Mr Dutton said.

Anthony Albanese promised Australians a $275 cut to their power bills, but instead, families are paying up to $1,000 more under Labor’s costly and chaotic energy policies.

Labor’s ‘renewables-only’ experiment is costing Australians five times more than originally promised, driving energy prices higher and small businesses to the brink.

“We need an energy mix and need base load power available 24/7. We cannot be reliant on intermittent unreliable wind and solar that only works when the sun is shining and when the wind blows.” Mr Willcox said.

If elected, the Coalition, which wants to build the plants on the existing sites of coal-fired power stations to make use of the transmission infrastructure, will conduct feasibility studies and a community consultation process with the aim of settling the sites for the first two plants within two years.