Guest essay by Eric Worrall
Australian PM Scott Morrison has suggested he would allow nuclear reactors to be constructed, to curb Australia’s soaring electricity prices – but he doesn’t think the economics adds up.
Whatever it takes: ScoMo prepared to go nuclear if it cuts power prices
OCTOBER 8, 2018
The Prime Minister said he would do “whatever it takes” to make electricity cheaper, and he would have no issues allowing nuclear reactors to be built if it would make lower household bills.
But warned the investment case to build a nuclear reactor did not “stack up”.
“You’ve got to make the investment stack up,” Mr Morrison told 2GB radio.
[Opposition leader] Bill Shorten has slammed Scott Morrison saying he would overturn a ban on building nuclear power plants if there was proof it would reduce power prices.
“At the same time as the site of the Chernobyl nuclear disaster transforms into a massive solar farm, Morrison thinks it’s time to take Australia nuclear,” the Opposition Leader tweeted.
“You’ve got to be kidding.”
Electricity prices are heating up as a political issue. The Australian Labor Party, like the US Democrats except deeper green and more left wing, have a significant chance of winning the next Federal Election. Their position, supported by Australia’s mainstream media, appears to be that greater government investment in renewables will lead to lower electricity prices.
Instead of challenging this dubious narrative head on, Prime Minister Scott Morrison appears to be attempting to find a political middle ground, by offering a watered down version of the extreme green policies which got Australia into its current mess.
I doubt this tentative shift in nuclear policy intentions will actually lead to the construction of an atomic power plant; even Australian coal plants are struggling to stay open, thanks to Australia’s hostile domestic politics.