7am The truth about Dutton’s nuclear costings
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Dec 15, 2024 Mike Seccombe, the National correspondent for The Saturday Paper, dives deep into Peter Dutton's controversial nuclear power proposal. He dissects the $331 billion plan's costings, which claim to be cheaper than Labor's renewable rollout, but contrasts sharply with the CSIRO’s findings. The discussion reveals questionable economic modeling and the stark reality that nuclear plants might take decades to become operational. Seccombe examines the implications for voters and highlights the ongoing clash between nuclear power and the rapidly decreasing costs of renewable energy.
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Dutton's Nuclear Plan
- Peter Dutton's nuclear plan, costing $331 billion, aims to make electricity cheaper and reliable.
- It involves building seven publicly owned reactors, with the first operating by 2035.
Modeling Assumptions
- The Coalition's nuclear plan modeling assumes extended coal plant operation and faster nuclear deployment than experts predict.
- It also anticipates lower electricity demand growth, partly due to slower electric vehicle adoption.
The Modeler
- Danny Price, the modeler, has worked with both political sides and has a history of controversial energy predictions.
- He has notably clashed with prominent figures like Alan Finkel, Malcolm Turnbull, and Audrey Zibelman.