"You need cheap sustainable energy to have a healthy economy. If you can't produce efficiently then your economy fails. Just need to incorporate nuclear power."
Just how cheap would electricity in Australia be if we had nuclear.
The following is from an ACCC report on the 2021/22 Electricity Market:
Source: Appendix D – Supplementary Excel spreadsheet with cost stack data and charts - Inquiry into the National Electricity Market - November 2022 report.xlsm (live.com)
As you can see, Wholesale Costs only make up 7.4 cents/kWh of the total charge.
Source: Appendix D – Supplementary Excel spreadsheet with cost stack data and charts - Inquiry into the National Electricity Market - November 2022 report.xlsm (live.com
"Wholesale electricity costs are an important driver of retail electricity prices contributing, on average, 28% to the total average cost per residential consumer in 2021–22." Source: Inquiry into the National Electricity Market: June 2023 Report (accc.gov.au
At $A1 = US$0.64, that equates to paying US$0.0474 cents per KWh!
Surely, you don't believe that Nuclear can come close to that price. If you do, I would like to see your figures.
If you find the cost of electricity in Australia is high compared with the rest of the world, perhaps you should be looking to the other 72% of costs which make up the total costs in Australia.
Regards
SP
