Next up, energy independence!!!!!!
Originally Posted by bambino
Jesus....where you been dipshit?
Haven't you heard of this thing called fracking?
Been around since before Trump and even Obama.
It is wtf has been putting Coal out of business before Rick Perry started picking winners and losers.
https://moneymorning.com/2017/10/05/...w-energy-rule/
Perry's letter doesn't say how much the
coal subsidy will be. It just says the rule will "accurately price generation resources necessary to maintain the reliability" of the electric grid. But it's unlikely to be enough to make coal competitive again.
The levelized cost of a coal-fired plant is $123 per megawatt-hour, while natural gas costs just $56.5 per megawatt-hour. Solar comes in at $66.8/MWh, and wind is the cheapest source at $52.2 per megawatt-hour.
That means the government will have to give new coal-fired power plants more than twice the amount per megawatt-hour that natural gas costs on its own, just to make it competitive.