Nuclear Power to Increase Electricity Bills for Australian Households: Think Tank

Pursuing nuclear energy in Australia would translate to higher power bills for households, according to a think tank study. Institute for Energy Economics and Financial Analysis (IEEFA) data showed that typical Australian households could see electricity bills increase by $665 per year on average if nuclear would be introduced as part of the country’s energy mix, as suggested by the Coalition. Moreover, IEEFA estimates nuclear energy impact of an average of $972 per year for a four-person household and $1,182 per year for a five-person household. Modelled on the costs of the Hinkley Point C reactor in the UK, the highest annual increase in typical household electricity bill to recover the cost of nuclear plants would be $1,054 for Victoria, $1,259 for South East Queensland (SEQ), $1,154 for New South Wales (NSW), and $1,064 for South Australia (SA)....