The truth about the cost of nuclear | FULL INTERVIEW with Danny Price

[EXCLUSIVE] Jasmin Diab & Dr Robert Barr AM interview Danny Price from Frontier Economics discussing his recent modelling on nuclear in Australia.

Chapters:
0:00:00 Introduction
0:03:00 Why is nuclear needed in the mix?
0:20:50 Gencost report
0:28:10 Context behind the modelling
0:30:11 Unpacking Report 1: Base case
0:33:37 Unpacking Report 2: Nuclear modelled
0:50:03 Why wasn't WA including in the modelling?
0:53:08 Emissions impact of nuclear
0:57:15 Was waste management costed?
1:01:12 Could nuclear be even cheaper?
1:08:22 International cost comparisons
1:13:07 What can be done now to bring costs down?
1:23:24 Conclusion

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[JohnWhitfeld-be]

What a great session of valuable information. What a shame the sound quality is so poor.

[rickfry]

Such an essential discussion marred by gaps in the sound recording.

[JohnOvens]

Excellent discussion. It has reaffirmed my support for nuclear energy. I cannot wait for election to be be able to rid ourselves of the current incompetent government.

[amraceway]

Nuclear is totally unsuitable for Australian conditions.

[jamiehayes]

What a wasted opportunity, due to amateur sound recording? Come on Nuclear for Australia, these interviews are VERY important, but if you make the most common recording mistake (not having mics close to each speaker's mouth) then it is unlistenable. Think "noisy restaurant effect". It's made worse because you are all sitting in an audibly reflective room (hard surfaces) which creates echo. On Youtube (or any medium) a lot of people will stop watching within a minute or two. No amount of post-recording sound editing can fix this. This may reduce the audience by up to 90% and decreases the likelihood of people coming back to your channel for more. If your goal is to get this message watched in its entirety by as many people as possible, and shared, you've let yourself down. The speakers are speaking clearly, but their voices are not being picked up clearly. Sorry. You could download the Youtube AI transcript, fix the errors and create a clean pdf that people can download, then add the download link.

[lynndonharnell]

Going to have to pay attention to cleaning out the PS otherwise the approval process will be hamstrung.

[alexpalmer]

Why hasn’t the Federal governments and state governments supported local companies like Thorion in Western Australia who have developed and manufactured vanadium battery storage and remoter small power plants built in Perth, Western Australia, owned by Australians and employing local workforce?

[PaulAustralianborn]

It’s great to hear some facts about why Australia needs some form of baseload power
Two choices nuclear or coal
I was an anti nuclear labor voter but I will be voting nuclear next election 🗳️
stick that where the sun doesn’t shine Chris Bowen

[stephenbrickwood]

I agree that plutonium electricity can be constant electricity.
Basically fixed GRID COSTS and FIXED GENERATION COSTS for 60years to 100years.

These fixed costs are offset by the customers cashflow.
If only ONE customer, then that customers has to pay the entire total cost plus profit on the entire MASSIVE infrastructure investment.

This is simple economics.

If that one customer gets a vehicle with a massive battery and parks it at home all night long, and 23hrs every day, and puts in 33m² of rooftop PV for 33kwh daily electricity, then that customer can switch grid electricity off.

No grid infrastructure cashflow.
Grid owners will feel SHTTSNPANTS.

Do not delete this post.

[stephenbrickwood]

Put Elon Musk in the room if you want a real perspective.

I am reminded of the old joke that Chemical Engineers talk about chemistry to other engineers, and they talk about engineering to Chemists.

[stephenbrickwood]

I agree with many parts and matters they all bring to the topic.
But they are fundamentally wrong in their logic and main conclusions.

[youchwb]

England and the US have nuclear energy power stations, yet their power bills are pathetically high.

[jf]

When you said a ‘diverse team’ I felt very suddenly triggered and alarmed 😢 I nearly fled!! Please be careful some of us are very sensitive! 😂

[stephenbrickwood]

Danny Price, Economists.
Hydrogen storage and power plant combination proposed by SA Labor report on modelling.
24 March 2021.

' Government backing of this world first large scale plant combination will, like the Tesla Big Battery, propel the development of this technology. Frontier Economics’ modelling showed that this plant would reduce the wholesale electricity price in SA by 8%. '

Not all modelling succeeds, fair enough.

Engineers biggest failure is solving the wrong problem. 😕
The design effort can be useful but the full facts are needed.

New information and opinions can change.

[stephenbrickwood]

4 tonnes of plutonium is only 0.2m³, a very small volume that can be handled easily. 😮 😊😊😊
Handled by anyone 🤔 😕

[stephenbrickwood]

Can you imagine the sunniest continent, Australia, leading the world in plutonium production and clean nuclear electricity production.
4 tonnes of plutonium from base load electricity

Forget coal $10BILLION exports to China.

Uranium Yellowcake exports lead recovery for Australian economy. For centuries.

National Electricity grid expansion worldwide.
For expanding nuclear electricity generation.
Iron ore and coal and copper and zinc and aluminium and... exports lead recovery for Australian economy. For decades.

Australia can also export lithium and rare earth minerals and aluminium for batteries and EVs.
Minerals exports can add to the Australian economy boom.

PV panels now cheaper than windows $m ² installed and electricity dirt-cheap.

Australia can cover a corner of their rooftop and trickle charge their vehicles massive battery.
Australia economy can save $60billion yearly on imported petroleum. Save $40billion yearly on natural gas. $100sBILLIONS on grid electricity.

80% of the world's population live in dictatorships.
Dictators love plutonium.
Australia's best customers. 👌😊