Federal Opposition Pledges Nuclear Plan Will Cut Energy Bills by 44 Percent

The opposition claims its nuclear energy plan will save the country $263 billion compared to Labor’s renewable-only plan.

Leader of the Opposition Peter Dutton speaks to media, Brisbane, Australia on Dec. 13, 2024. AAP Image/Russell Freeman

The Liberal-National Coalition has unveiled its much-awaited economic modelling behind its plan to introduce civilian nuclear power to Australia.

The plan is estimated to save up to $263 billion (US$167.4 billion) compared to Labor’s renewable energy strategy, with the opposition saying this will result in cheaper electricity for consumers over the long term.