A Cheaper, Cleaner, and More Consistent Energy Plan for Australia

The latest analysis from Frontier Economics reveals the Coalition’s balanced energy mix, including zero-emissions nuclear power, offers a cheaper, cleaner, and more consistent alternative, delivering massive savings for Australian families and businesses.

The Coalition’s energy plan will save Australians up to $263 billion compared to Labor’s renewables-only approach – a 44 per cent saving for taxpayers and businesses.

It does this by:

• Avoiding an expensive overbuild of energy infrastructure and uneconomic solar and wind projects on pristine environmental and agricultural land. This will protect the environment and farming land while lowering overall system costs.

• Solar and wind renewable power plants need to be replaced approximately every 20 to 30 years whereas a modern zero emission nuclear power plant has an expected service life of up to 80 years. This will underpin economic security and jobs for generations in local communities. Importantly, it will also mean lower power prices for families and businesses.

• Adopting a balanced energy mix that ensures retiring ‘always on’ baseload power from coal plants is adequately replaced with zero-emissions nuclear energy. This guarantees the reliability of the electricity system with an ongoing source of clean 24/7 reliable power.

Frontier Economics’ findings align with what we’re seeing in other advanced economies, where countries are expanding their nuclear programs or building plants for the first time—a proven path Australia can follow under the Coalition’s plan.

Out of the world’s 20 largest economies, Australia is the only one not using nuclear energy or moving towards it.

A future civil nuclear programme will provide cheaper, cleaner and consistent energy to return Australia to an industrial and manufacturing powerhouse. It will mean jobs for the regions and secure our international climate targets.

Nuclear energy is the key to achieving net-zero emissions sooner. Under the Coalition’s plan, Australia will meet net zero emissions by 2050 – one year earlier than Labor – while generating fewer emissions beyond 2050.

Frontier Economics’ analysis leaves no doubt: Australians will be better off under our plan. We will avoid hidden costs, reduce unnecessary infrastructure expenses, and lead to lower energy prices.

Only the Coalition’s energy plan delivers a cheaper, cleaner, and consistent future for Australian households and businesses while protecting our environment and securing the energy Australians rely on.