NewEnergyNews More: Coal No Longer Competitive

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  • Monday, September 23, 2019

    Coal No Longer Competitive

    The market has spoken: Coal is dying

    Matt Egan, September 20, 2019 (CNN)

    “…[The White House gutted regulations on the coal industry, falsely claimed that windmills cause cancer and installed a former coal lobbyist to lead the EPA…[but] America's aging fleet of coal-fired power plants continues to shrink. New coal plants are not getting built…Approximately 15% of America's coal fleet has been retired since 2017…Platts expects another 10% of the coal fleet will be shuttered between 2019 and 2020…Power companies that once relied on coal are promising to phase it out in favor of cleaner alternatives, including natural gas, solar and wind…

    …[Low-cost natural gas, the declining cost of renewables, and low interest rates] have paved the way for power companies to build natural gas, wind, solar, hydro and other more environmentally friendly plants…[and] cutting environmental rules hasn't tipped the scales…Natural gas and wind are expected to be the fastest-growing sources of US power generation through 2020…” click here for more


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