GenCost report claims nuclear energy will cost twice as much as renewables

A new report has found an Australian nuclear energy plant could not become operational before 2040. According to the CSIRO and AEMO, a large-scale nuclear reactor would cost around $16 billion. The 2024 GenCost report claims nuclear energy would be around twice the cost of renewable alternatives. The findings call into question the Opposition’s commitment to nuclear after claiming it would build seven nuclear reactors if elected next year.