The impact «has been so profound, and wholesale prices pushed down so low, that
few coal generators in Australia made a profit last year.»
Not exact matches
But nobody wants to own or run
coal and gas
generators if they can only make money out of them for a
few hours on a
few days.
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.
And in the past
few weeks, investment banks such as UBS, along with Macquarie Group and Deutsche Bank have all noted how the solar industry is reframing energy markets in Europe, and beyond, and turning once profitable
coal and gas fired
generators into marginal businesses, and forcing many to close or to embrace a more rapid change to renewables and distributed generation.
**** 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?