Sunday, 4 March 2007

Treasuer: Nuclear off until price right

As reported in The Border Mail:

“If you were to set up nuclear power today, you would put up the price of electricity. What would be the point of that?” Mr Costello said. “Now, in 10 or 15 or 20 years, maybe it would be a cheaper form of electricity so I could see a point in it. “But I can’t see the point in it today. “There would be no point in doing it unless it was cheaper than the form of electricity that we have today, which it isn’t.”

Only if one measures the 'cost' of other options in dollars alone.

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