Experts predict major electricity price hikes if opposition proposal to slow rollout of large-scale renewable projects goes ahead
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Australians’ annual household power bills could increase by hundreds of dollars, and up to $1,000, under a Coalition plan to slow the rollout of large-scale renewable energy and use more gas-fired electricity before nuclear plants are ready, analysts say.
As Peter Dutton faced cross-party resistance to his announcement that he would go to the next election promising to eventually build seven nuclear plants, energy market analysts warned the Coalition’s proposal would probably lead to a significant rise in prices over the next decade, before a nuclear industry came online.
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