One Big Chart: How Does the Cost Of Nuclear Power Compare to Renewables
Peter Dutton has suggested Australia should build large-scale nuclear reactors, but CSIRO's GenCost report shows the
The Guardian Renewable Energy 3:55 pm on May 23, 2024
Peter Dutton advocates for Australia to build nuclear reactors, but a CSIRO GenCost report shows renewable energy (solar and wind) is cheaper than nuclear. The estimated costs are $141-233/MWh for nuclear and $73-$128/MWh for renewables. Nuclear's higher cost reflects established industry requirements, with actual prices likely to exceed these estimates.
- Advocacy for nuclear energy by Peter Dutton
- CSIRO GenCost report analysis of costs
- Nuclear power estimated cost significantly higher than renewables ($141-233/MWh vs. $73-$128/MWh)
- Higher initial costs for nuclear due to established industry norms
- Solar and wind power present as economically viable alternatives
https://www.theguardian.com/news/ng-interactive/2024/may/24/nuclear-power-australia-liberal-coalition-peter-dutton-cost