Submission to Legislative Council Environment and Planning Committee Inquiry into nuclear prohibition

The development of nuclear power capacity in the Victoria electricity system faces significant barriers. In this submission I focus on the challenges and barriers facing the financing nuclear of power plants in competitive wholesale electricity markets in Australia. The two key and inter-related points are:

• The generations profile and cost are a poor fit for the evolving Australian market
• The financing of nuclear power stations face structural challenges in liberalised electricity markets