New modelling confirms a shift to nuclear power could significantly increase household electricity bills, with Australians for Affordable Energy (AFAE) urging policymakers to back the most affordable energy option.
The analysis, released by the Clean Energy Council, found households could face a 30 per cent increase in power bills by 2030 under a nuclear pathway, with households paying an additional $450 annually.
“Australians want affordable and reliable energy now. Every independent study we’ve seen suggests nuclear power will be a guaranteed hit to household budgets now and in future,” AFAE spokesperson Jo Dodds said.
“The cost of living is what it’s all about for most Australians, with energy prices a major concern. From everything we know so far, nuclear is the far more expensive option, and cheaper practical alternatives exist.
“While we wait decades for expensive nuclear plants Australians will be forced to rely on expensive gas and aging coal plants, driving bills even higher. A 30 per cent hike in power bills would place even more strain on Australian households who are already grappling with cost-of-living pressures. Our energy policies must prioritise affordability.”
The findings mirror concerns raised in the Climate Change Authority’s recent report, which found nuclear energy could add 2 billion tonnes of emissions and delay Australia’s clean energy transition until 2042.
"It says small businesses could expect an $877 increase in their bills by 2030 if we slow down our clean energy rollout," Ms Dodds said.
"There's a clear choice here between affordable energy now or higher bills for decades to come."
“Any energy policy that doesn’t put affordability front and centre is out of touch with what voters actually want. These are tough times for households, we shouldn’t allow energy policy to make them worse.”
Australians for Affordable Energy is urging policymakers to focus on practical, cost-effective energy solutions that can deliver more affordable power right now.
Contact details:
Jo Dodds: 0428 399 871 // [email protected]