Labor’s latest scare campaign about nuclear energy is based on a lie.
This is another distraction by Labor, turning attention from Australian households who have already been forced to make cuts - cuts due to their weekly budgets, to heating and cooling, to their standard of living - just to keep up with Labor’s skyrocketing power prices.
What the Prime Minister won’t tell you, is that across the east coast alone, by June next year Australian households will have cumulatively spent an extra $18.6 billion and small businesses $3.9 billion as a result of Labor’s power price rises.
Instead of taking responsibility, Labor continues to distract Australians with lies, just like the $600 billion lie about our nuclear energy plan.
Let’s be crystal clear: that figure didn’t come from the CSIRO or AEMO. It came from the Labor-aligned Smart Energy Council, who took CSIRO data and multiplied it by five.
Their own media release confirms the actual cost of replacing coal with nuclear, based on the 2024 GenCost report is $116 billion. This aligns with Frontier Economics modelling and the Coalition’s estimate of up to $120 billion.
Labor’s not telling the truth, because the truth is this: their renewable-only plan is forcing an overbuild of the system and Australians are already paying the price with some households facing up to $1,300 more in power bills than Labor promised.
Our energy plan for renewables, gas and nuclear delivers a 44% lower total system costs than Labor’s plan.
As we adopt a smarter rollout of renewables, our short term priority is for more gas and our near term priority is to replace coal with zero-emissions nuclear energy.
Our plan is for government-owned nuclear plants, financed off-budget, independently modelled, and built to serve Australians, saving them from energy poverty under Labor.
Labor’s energy plan consists of lies and subsidies as their all-eggs-in-one-basket ‘renewables only’ plan makes Australia poorer and weaker.
Australian can’t afford another three years of Labor’s lies.
The Coalition's energy policy for the National Electricity Market is fully costed and was released months ago.
To this day, despite all the resources of government, Labor cannot tell Australians the cost of its plan.