Nearly half of the United States' coal-fired power plants operated in the red last year.
As @JoeRyanNews notes, it takes unusual weather patterns to push coal power into the black. The spike here is the '14 polar vortex. More on @TheTerminal
As @JoeRyanNews notes, it takes unusual weather patterns to push coal power into the black. The spike here is the '14 polar vortex. More on @TheTerminal
@JoeRyanNews @TheTerminal Most of the struggling plants are in markets where state regulators set power prices and/or where they’ve been kept open in the name of ensuring reliability, according to the @BloombergNEF report on this phenomenon. "Plants persist even when they cost more to run than replace."
One of the most important factors in whether coal plants are profitable: location, location, location! @BloombergNEF says its "analysis paints a particularly bleak
picture for coal plants in the regulated Southeast" & shows positive returns for those in ERCOT & Northeast ISOs.
picture for coal plants in the regulated Southeast" & shows positive returns for those in ERCOT & Northeast ISOs.
