Nuclear, as part of a cheaper, cleaner and consistent energy future.
Learn more about Australia's Energy Problem
The Coalition's Plan for Affordable, Reliable Energy
A $263 Billion Saving for Australians
In 2023, fossil fuels contributed 63% of Australia’s electricity, and renewables contributed 37%. Solar and wind have been growing and will continue to play an increasingly important role in our energy mix.
However, there are limitations, because these energy sources only produce electricity when the wind is blowing and the sun is shining. And though we can store some of this energy in batteries or dams, storing very large amounts of electricity is very expensive.
Australia needs an energy system that supplies the right amount of energy all the time. Failure to do so results in blackouts and higher energy bills.
Our economy and the essential services we rely on, such as hospitals, telecommunications, water and sewerage and public transport cannot function without electricity that is 100% reliable.
While the percentage of coal in our energy mix has steadily declined, it continues to provide essential baseload power.
This means consistent electricity, around the clock – including when the sun doesn’t shine or the wind doesn’t blow.
Under Labor, 90% of this 24/7 baseload power will be forced out of our energy grid by 2035, without any guarantee of a like-for-like replacement.
The Australian Energy Market Operator is warning of the increased risk of reliability gaps, meaning blackouts or brownouts. Power bills have increased by up to $1,000 more than the Albanese Government promised.
Labor’s all-eggs-in-one-basket ‘renewables only’ approach wrongly assumes that one technology class alone can do the job.
Yet Labor’s renewable energy target – 82% renewables by 2030 – is considerably behind schedule. Labor's climate target of 43% emissions reduction by 2030 has become unachievable.
A plan is needed to reduce power prices and secure clean, cheap and consistent energy for Australians.
Australians face soaring energy costs, record levels of hardship, small business insolvencies, and growing uncertainty under Labor’s renewables-only energy plan.
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.
The Albanese Labor Government's renewables-only plan will cost at least $642 billion. This is over fives times more expensive than previously claimed by Labor.
An independent economic assessment by Frontier Economics has revealed the true cost of Labor's plan. You can read their report here or download our fact sheet below.
