The CSIRO’s new GenCost report again says a nuclear power plant for Australia would likely cost twice as much as renewable energy.
Australia’s leading science agency also said nuclear power plants enjoyed relatively little financial advantage from their long lives and would run at a capacity similar to coal.
It comes as the Opposition Leader Peter Dutton prepares to release the much-anticipated costings of the Coalition’s nuclear power policy this week. Mr Dutton has repeatedly said the policy would help bring down power bills, a claim challenged in this latest report.
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