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Nuclear power would be the most expensive source of new energy for Australia, a report from the CSIRO and energy market regulator has estimated.
The report says electricity generated by solar and on-shore wind projects is the cheapest for Australia, even when accounting for the costs of keeping the power grid reliable while they're integrated into the system in greater proportions over time.
The results can be found in the GenCost 2023-24 draft report, released on Thursday for consultation.
Paul Graham, CSIRO chief energy economist and lead author of the report, says the estimates of the costs of nuclear energy are significant, because they're based on the actual experience of a nuclear energy project in the United States that was aborted last month.
www.abc.net.au
The report says electricity generated by solar and on-shore wind projects is the cheapest for Australia, even when accounting for the costs of keeping the power grid reliable while they're integrated into the system in greater proportions over time.
The results can be found in the GenCost 2023-24 draft report, released on Thursday for consultation.
Paul Graham, CSIRO chief energy economist and lead author of the report, says the estimates of the costs of nuclear energy are significant, because they're based on the actual experience of a nuclear energy project in the United States that was aborted last month.
Nuclear energy is more expensive than renewables, CSIRO report finds
Renewable energy provides the cheapest source of new energy for Australia, a new draft report from the CSIRO and energy market operator has found.
www.abc.net.au
