Analysis from Bloomberg New Energy Finance says even if nuclear is successfully implemented it would be ‘at least four times’ more expensive than average cost of renewables
A nuclear-powered Australian economy would result in higher-cost electricity and would “sound the death knell” for decarbonisation effort if it distracts from renewables investment, a report by Bloomberg New Energy Finance (BNEF) argues.
The report comes as ANZ forecast September quarter power prices will dive as much as 30% once government rebates kick in. A separate review by the market watchdog has found household energy bills were 14% lower because of last year’s rebates.
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