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this post was submitted on 10 Jun 2024
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Australian Politics
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Nuclear power's already much more expensive than every other mainstream option, and the gap is widening every year. In twenty years time it's going to be so much more expensive it'll be ridiculous. No one's going to want to buy power for several times the cost of all the other options.
The idea's not only dumb - it's completely commercially unviable.
Remember it's not really about building nuclear, it's about promising nuclear in a short enough timeframe to prevent investment in renewables, and then keeping the date moving steadily into the future until maybe 20 years later a reactor is built. It's about giving 20 more years to coal (and coal has the most radioactive exhaust of any power generation technology)
Unviable, unless they subsidise their nuclear mates.
But I thought they were supposed to be good economic managers