Economics are killing coal.
https://www.utilitydive.com/news/new...itor-s/518746/Dive Insight:
While there's been a lot of talk about increasing support for existing coal and nuclear plants, there are no plans to build such generation in the Northeast or Mid-Atlantic. And if it had come online last year, it would have lost money, according to the latest annual report from PJM's market monitor.
Last year, a new combined cycle gas plant would have been profitable in 11 of 20 zones in the market. On the other hand, Marketing Analytics noted that a new combustion turbine, coal plant or nuclear facility "would have been significantly unprofitable."
https://www.utilitydive.com/news/win...rs-rem/519671/The 2017 edition of Lazard’s annual Levelized Cost of Electricity (LCOE) study showed unsubsidized onshore wind and utility-scale solar are both cheaper than new coal, and are cost-compe ive with new combined-cycle natural gas. LCOE provides a basis for comparing the economics of different generation technologies by measuring the total cost (including financing) of building and operating a power plant over its assumed lifetime. Think of it as evenly comparing apples to oranges.
FWIW.
Just need more subsidies, like oil... <sarcasm>
"In fact, forty percent of the Permian basin in Texas would be economically unviable without subsidies, and for the home of Bakken crude production, Williston Basin, that number jumps to 59 percent, according to the researchers."
https://www.desmogblog.com/2017/10/0...ment-subsidies
Last edited by KenMcCoy; 03-27-2018 at 01:39 PM. Reason: inserted <sarcasm>
government picking winners and losing good now
If utility scale energy storage becomes available, (on-shore) wind and solar would be able to provide 100% of US energy, but add in off-shore wind, and totally forget coal and nuclear.
large scale storage is the disruptive key, and lots of research, even with the blocking, defunding of research by the Repugs/oligarchy, is underway.
Of course, the above would mean the Fed govt would "do the right thing" for the common good, which never happens anymore,
since govt only does what is good for oligarchy.
iow, USA run by the oligarchy won't do good anymore for the common good
Last edited by boutons_deux; 03-27-2018 at 06:25 PM.
Are you financially invested in solar? Stands to reason you'd rail against other forms of energy.
Ad hominem.
You go with your bad self. Financial analysis is financial analysis.
Last edited by RandomGuy; 03-29-2018 at 11:17 AM.
Anyone here can find material to support any take they have on the issue.
Let's talk about how great Amway is.
Yeah, you need to put some essential oils on that.
FirstEnergy’s request for emergency bailout from Rick Perry generates widespread backlash
The troubled electric utility company is accused of using a "manufactured crisis."
A major electric utility company wants Energy Secretary Rick Perry to rescue its coal and nuclear plants,
along with other companies’ plants located in the eastern United States,
by declaring an “emergency” in the power industry.
The request was widely panned by industry officials and experts, with one company describing the scenario as a “manufactured crisis.”
On Thursday, First Energy Corp. asked the Department of Energy (DOE) to issue an emergency order,
claiming in its letter to Perry that “the nation’s security is jeopardized if DOE does not act now” to keep the plants open.
The diversity of supply that nuclear and coal-fired units provide to the grid is being lost as more of these plants retire each year, the company said,
arguing this will make the electric system less reliable.
However, despite FirstEnergy’s sense of urgency,
coal and nuclear plants have been shutting down on a regular basis across the United States over the past half-dozen years without any reliability issues.
Furthermore, DOE’s emergency powers are intended to be used in only the most extreme cir stances, such as an act of war or severe grid impairment from a hurricane or cyberattack, not to help rebuild shareholder value at a troubled investor-owned utility company.
In its letter to Perry, FirstEnergy, based in Akron, Ohio,
requested that DOE exercise its authority to ensure “just and reasonable cost-based rates” for generators that have 25 days of onsite fuel supply and
are not recovering their costs today.
FirstEnergy also requested that DOE’s order direct PJM Interconnection Inc.,
the grid operator for a large portion of the mid-Atlantic and Midwest regions,
to “begin negotiating immediately with such generators on the terms of such supply.”
FirstEnergy wants the emergency order to remain in place for four years, or
“until the Secretary determines that the emergency has ceased to exist
because the PJM markets have been fixed to properly compensate these units for the resiliency and reliability benefits that they provide, whichever is later.”
https://thinkprogress.org/firstenerg...-7fcb0fa24185/
Corporate-Americans LOVE the free market and (disruptive) compe ion
Last edited by boutons_deux; 04-02-2018 at 05:40 AM.
No sherlock. Cheap large battery. Was that some sore of revelation you had, like no one has thought that wind/solar would be kinda useful with that?
RandomDeuche
Actually, you can't. Not all "material" is equal.
Reality and evidence doesn't work that way. The truth is awfully hard to handwave away.
How about that time your hero decided that the government's job was to pick winners and losers by subsidizing coal/nuclear too stop the free market from working correctly?
https://www.bloomberg.com/news/artic...-by-regulators
Don't you just hate it when that happens?
https://seekingalpha.com/article/416...e-gasoline-car
When what happens? Someone analyzes cost per mile?
I like that sort of thing, its good for the market. Really not sure what you are getting at.
rightwingnut assholes ignore the external costs of driving ICE/hybrids, which is air pollution, which cause 1000s of deaths per year, and oil extraction/refining which is more pollution of air, land, water, people.
I mean do you think he's German?
That's not that way that is spelled either.
Technically, most of my ancestors were German, with some british, French and native American. sssssh.
Tesla isn't even a thing without govt intervention. As much as I love what Elon is doing, he is surviving on welfare. How do you even pretend to not pick that up?
Of course not. Only you find the true stuff.
Tesla paid back its $465M govt loan, and, like loser Uber, is losing many $Bs by burning through investors, and from buyers' down payments
What government intervention? Dude, flesh it out, I'm not a mind-reader.
Not at all. Plenty of good information out there.
Do you think that all "material" to support opposing viewpoints is always equally valid?
The material supporting flat earth is equally valid as sphere earth?
Is there NO way to figure out the truth?
Research group Bloomberg New Energy Finance (BNEF) has released its latest report on the levelized cost of electricity (LCOE) and it suggests that President Donald Trump’s attempts to revive the U.S. coal industry is doomed to failure. That’s because the price of battery storage has tumbled by 79% since 2010, from $1,000/kWh to $209/kWh while both wind and solar power have fallen by 18% in just a year.
BNEF says that fossil fuel power, which is responsible for the bulk of the world’s greenhouse gas (GHG) emissions, which cause climate change, “is facing an unprecedented challenge in all three roles it performs in the energy mix – the supply of ‘bulk generation,’ the supply of 'dispatchable generation,' and the provision of ‘flexibility.’”
Wind and solar PV costs have continued to fall over the last year thanks to falling capital costs, higher efficiency and the spread of compe ive tenders for clean power around the world, increasing their viability in bulk generation.
https://www.forbes.com/sites/mikesco...can-do-cheaper
Doesn't seem like any government mandate is driving the cost reductions. It is technology, transmission investment, and battery costs.
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