Submission on the Benchmark Reserve Capacity Price (BRCP)

Our review shows that the modelling is based on a number of flaws and unrealistic assumptions. Of concern, the modelling forms the basis of the Coalition’s nuclear plan, which indicates substantial slow-down in renewable energy deployment.

The Coalition’s nuclear plan released today is a disaster for Australian households and their power bills, prioritising high-cost and inflexible nuclear power along with a dramatic slowdown in the installation of renewable energy including rooftop solar, according to the Clean Energy Council.

A set of commitments that signatories agree to uphold in the development of current and new clean energy projects.

The Clean Energy Council welcomes the release of the latest GenCost report by the CSIRO, which reaffirms the fact that renewables firmed by storage and transmission remain the lowest cost pathway to replace our aging coal generators.

As coal exits the energy system over coming years, investment in a suite of renewable energy technologies such as offshore wind, will be critical to deliver the lowest-cost energy system for consumers. Offshore wind also provides a substantial opportunity to create new jobs and economic opportunities for regional communities such as the Hunter over coming decades.

Opening remarks by Clean Energy Council Chief Executive, Kane Thornton, to the House Select Committee on Nuclear Energy, in Melbourne (4 December 2024).