nuclear-news

Market has ‘made its decision’ about nuclear energy being too expensive

 https://www.skynews.com.au/australia-news/politics/market-has-made-its-decision-about-nuclear-energy-being-too-expensive/video/58ffe065fe30d28c7c02e614e442f81b 7 Mar 24

Labor MP Andrew Charlton says the market has “made its decision” about nuclear energy being too expensive.

Mr Charlton joined Sky News Australia to discuss the latest developments in nuclear energy across the world.

“We saw recently the small nuclear reactor in Idaho was cancelled because of rising costs – that was a market decision to say no to nuclear,” he said.

“Let’s remember, this small nuclear reactor in Idaho is the one that the Liberal Opposition called the future of clean energy – it’s now being cancelled, it’s being scrapped.

“The truth is that the market has made its decision about nuclear energy; it knows that nuclear energy is by far the most costly type of new energy that we could add into the grid, and that’s why it’s not part of the government’s plan.”

March 8, 2024 - Posted by Christina Macpherson | AUSTRALIA, business and costs