But some of the country's
cheapest coal generators are also in Inner Mongolia, pricing the wind farms out of the power market.
Not exact matches
The payments would've bolstered the economics for
coal and nuclear
generators who've seen their profits and market share squeezed by
cheap gas and renewables.
Cheap power often means dirty power, and in China, miners draw on low - cost
coal and hydroelectric
generators.
NuScale claims it will be able to produce power at about seven to nine cents per kilowatt - hour — roughly the same as big nuclear plants, only a few cents more than the
cheapest modern natural gas — fired or
coal - fired plants, and one - third the cost of a typical diesel
generator.
Power
generators are turning away from
coal for a host of reasons: In some instances natural gas is
cheaper; many states are requiring utilities to generate a certain portion of electricity from renewable resources; individual cities (and even an entire Canadian province) have decided to stop purchasing electricity created by burning
coal; and new Environmental Protection Agency regulations are making it more expensive and less economical to use
coal plants.
New wind power is now
cheaper per megawatt - hour than new
coal - or gas - fired electricity generation, but renewable energy still needs subsidies to compete with existing
generators.
Fukushima presented an opportunity for AGL Energy because it meant that Tepco, the plant's operator, was no longer in a position to invest in Loy Yang A and was a distressed seller of its one third stake in Loy Yang A. AGL Energy, which already had a 32.5 per cent stake in the plant, says Loy Yang A will remain one of the lowest cost
generators in the NEM because of
cheap coal at the doorstep — it pays just $ 6 / t for brown
coal, which would give it a massive advantage over black
coal generators in NSW, which are facing costs of $ 45 / t and will go higher in future years.
**** Remember all that huff and puff put out over the last few months by the Clean Energy Council and near - bankrupt wind power outfit, Infigen about wind power becoming so
cheap as to be competitive with
coal and gas fired
generators?