More Than 40 Percent of World Coal Plants Are Unprofitable, Says Report (reuters.com)
An anonymous reader quotes a report from Reuters: More than 40 percent of the world's coal plants are operating at a loss due to high fuel costs and that proportion could to rise to nearly 75 percent by 2040, a report by environmental think-tank Carbon Tracker showed on Friday. London-based Carbon Tracker analyzed the profitability of 6,685 coal plants around the world, representing 95 percent of operating capacity and 90 percent of capacity under construction. It found that 42 percent of global coal capacity is already unprofitable. From 2019 onwards, it expects falling renewable energy costs, air pollution regulations and carbon pricing to result in further cost pressures and make around 72 percent of the fleet cashflow negative by 2040. In addition, by 2030, new wind and solar will be cheaper than continuing to operate 96 percent of today's existing and planned coal plants, the report said.
Does that include the measures needed to guarantee energy availability when people need it, instead of when the sun shines or the wind blows?
Something smells fishy. TFAs first two paragraphs seem to contradict each other. Thereâ(TM)s no source information available. And I can guarantee you oil investors/producers arenâ(TM)t stupid. They wouldnt/couldnt continue operating at a loss...that premise is ridiculous.
Id leave some room for the possibility of it being true lately (only recently in the last couple of weeks) as oil prices have fallen...but that is only a temporary condition until if/when prices recovery and/or adjustments are made to production/supply to bring the price back up.
This seems more like some propaganda piece aimed at convincing people âoeoil bad - alternative energy good - save the trees - climate change - yada yada yada.â
Natural Gas has depressed prices so much, coal can't compete. Intentionally reduced capacity factors, using more gas instead, makes it even harder for coal.
I guess these coal plants are stuck in a fixed-rate contract. When the rates can be renegotiated, the plants will become profitable again (unless the electricity demand is less than the offer without coal, but I doubt it).
United States of 'superiOr' machinPe. support GNAA, EFNet servers.
More bias Slashdot.Org. Nothing to see here but false liberalism, as usual.
Hopefully this will lead to increased adoption of cleaner power production - that is not so bad for the environment.
I am not saying that all clean power is cheaper but the more of it that gets used the cheaper that it will become.
Never trust these "independent think tanks". These are the lobbyists that everyone complains about. They are bought and paid for.
More than 100 percent of world solar plants are unprofitable.
Do you know how many babies they have to kill to build a solar plant? It's a lot.
How profitable are they if you only count the ones that are actually operating.
In the real world a building under construction is usually not making much money.
Electricity producers have the incentive to claim that they are losing money so that they can lobby the regional regulators to increase the cost for customers. Eventually the kWh price increases, and boom, the coal plants are again profitable... at least for a while.
Donâ(TM)t get me wrong, renewables will be an important component for some of our electricity usage. However fossil fuels and nuclear will remain a 35-75% component of the mix.
I wasn't planning on starting a coal business anyway.
No. Wind is as old as hydro. The designs just were different. Kind of like hydro. Passive solar has a long history too.
Utilities are one of the most regulated and subsidized industries in the world. Additionally, in some places, generating capacity is government-owned, and public enterprises frequently operate at a loss. So the real question is: how much of all generating capacity is unprofitable?
Coal will die, but saying that plants are currently unprofitable isn't necessarily an indication of anything. It needs to be compared on a relative basis to alternatives.
The stated source is "a report by environmental think-tank Carbon Tracker". So people whose full-time job is literally energy propaganda.
In other news, Coke tastes bad, according to a report by Pepsi. Linux sucks, according to Microsoft
The only thing suprising here is how many Slahdotters let BeauHD get away with posting this crap.
In any competitive field at any given time near half the companies are losing money or barely make it into black. Of course this is also true for power generation. It's just the default state in any stabilized market.
Solar and wind still aren't good for baseload generation.
https://en.wikipedia.org/wiki/Base_load
Storage needs to increase greatly.
If I had mod points youâ(TM)d get "+insightful."
so long as coal miners can decide our presidential elections by swinging Ohio and Virginia. That said, I've yet to hear anyone from the left give those workers a viable alternative to working in the mines. So far the answer has been "Time to reskill". Those guys know coal mining is a dying thing. They'd reskill if they could.
What we really need is a federal jobs guarantee like they did in the 30s. But nobody wants to pay for that. So expect more political distortions.
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
We need to limit wind/solar and instead have a matrix of clean energy. Basically, we need to include hydro, Geothermal, and nukes.
I prefer the "u" in honour as it seems to be missing these days.
Tragedy of the Commons illustrates the fallacy of the "free market" and everyone acting in their own best interest being good for all, including the participants. Regulatory forces are societies way of guiding people's behavior in directed ways, that they may not perceive as being in their own best interest, but in the long term is.
Most of the new coal plant will have an hard time paying for their bonds especially in the later years as renewable power keep them off. If dispatching of power is base on increment cost then renewable will always be dispatched first since there incremental cost is much lower. Many of these coal power plant will be idled.
trump promised me a job with coal. dey tuk er jerbs!
https://www.technewgadgets.com/2018/12/which-is-best-gaming-smartphone-in-asus-rog-phone-and-Xiaomi-black-shark-helo.html
Natural gas power plants also spin up and spin down more quickly than old coal plants, allowing them to track the short-term changes in the demand curve better.
Here's a graph. Notice that the drop in coal is mirrored by a rise in gas. https://www.eia.gov/energyexpl...
We are conditioned to think in terms of profitability. Yet at the societal level it is "the whole" that must be profitable, rather than "the parts". If you were marooned on an island you would first make a weapon, hunt to eat, and find shelter/build a house. None of these activities can be analyzed in terms of profitability because they are a required for survival. Economic activity and its concepts come after the basics of life are in place.
The assignment of costs to coal plants versus solar plants makes coal unprofitable and solar profitable. But this is just a bookkeeping slight of hand.
If you are a power company then you can't just sell solar. It doesn't shine all the time. You have to have back up power. Yet you charge one rate to your customers not different rates depending on where their power is coming from. (actually i pay a premium to get renewables but that's a different rationale. I do pay the exact same per kilowatt hour no matter what).
Thus if you don't assign the cost of keeping a coal plant boiler spooled up to to solar power then the coal plant costs are higher than the price paid for the electricity.
But that's just bookkeeping assignment not actual total costs of providing power to a customer.
On top of this, it's cute to say they are losing money but that just depends on how you are paying the mortgage. If you had expected to pay off the mortgage in ten years (say a ten year bond issue) then you are paying a high rate to pay that for ten years. If your bond was 50 years then you would be paying less every year. And then coal would be profitable. Either way after 50 years you have the land and coal plant, and a paid off bond. It's just a matter of which year you booked the costs in
Some drink at the fountain of knowledge. Others just gargle.
When you're penalising carbon production with financial penalties, and subsidising solar and wind, what do you expect? You're forcing them out of the market.
Coal itself is profitable (even with the above 40% make a profit). It's the artificial entities around it that make it not so.
And you'll find that out when those subsidies end (which themselves only exist because they are cheaper than paying the "carbon fine"). Wind and solar are next to useless across most of the world.
Question: Given that nuclear is basically zero-carbon, and can do the always-available thing of coal, and is in the same scale of production as fossil fuels, why the hell are we shutting them down for silly child's windmills?
Yes, folks, it's a thing and it's happening right under your snooty nose.
I have a smart meter and I pay different rates depending on the availability of electricity.
I also have a compressor cut off on my AC that automatically turns it off with a signal from the power company if there is a power shortage, in return for a discount on my power bill.
https://tech.slashdot.org/comments.pl?sid=12520486&cid=57184660
https://tech.slashdot.org/comments.pl?sid=12520486&cid=57184660 Nazi Homosexual RAY MORRIS pushing debunked white supremacist propaganda after directly corrected, HANG THIS FAGGOT NAZI
https://tech.slashdot.org/comments.pl?sid=12520486&cid=57184660 Nazi Homosexual RAY MORRIS pushing debunked white supremacist propaganda after directly corrected, HANG THIS FAGGOT NAZI!
So build some more battery factories... and look into all the other storage systems as well... Both are cheaper and more sensible than nukes
Cutting US electricity demand down to EU levels would help too. (you are very wasteful)
https://tech.slashdot.org/comments.pl?sid=12520486&cid=57184660 Nazi Homosexual RAY MORRIS pushing debunked white supremacist propaganda after directly corrected, HANG THIS FAGGOT NAZI!!
https://tech.slashdot.org/comments.pl?sid=12520486&cid=57184660 Nazi Homosexual RAY MORRIS pushing debunked white supremacist propaganda after directly corrected, HANG THIS FAGGOT NAZI !!
Don't worry- Donald's new Space Force will use rocket ships powered exclusively by clean coal.
Just cruising through this digital world at 33 1/3 rpm...
https://tech.slashdot.org/comments.pl?sid=12520486&cid=57184660 Nazi Homosexual RAY MORRIS pushing debunked white supremacist propaganda after directly corrected, HANG THIS FAGGOT NAZI DEAD
Not saying it doesn't mean their findings shouldn't be looked at more closely since they clearly have an agenda. But it's in line with the coal plant closings we're seeing. Can you site a study where coal plants _are_ profitable in aggregate?
/. is just an excuse to talk about a trend that seems pretty obvious. If Coal wasn't losing ground Trump wouldn't have been able to capitalize on out of work miners. The market would have those folks well employed.
Put another way, here's the left wing bastion of Forbes discussion the same thing.
Posting this particular study on
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
In other words, you have lowered your standard of living to accept less cooling on a schedule convenient for renewable power suppliers, and you have accepted variable rates on your costs. I think you just demonstrated two key disadvantages for energy produced by solar.
https://tech.slashdot.org/comments.pl?sid=12520486&cid=57184660 Nazi Homosexual RAY MORRIS pushing debunked white supremacist propaganda after directly corrected, HANG THIS FAGGOT NAZI !!!
Good Clean Coal and Oil is the Future.
regards,
TheRealDonaldTrump
Just a thought, but they might be profitable if they switched from internal combustion engine-driven vehicles and tools to plug-in electrics recharged from renewable sources and nuclear power.. oh, wait..
Well, see, fossil fuels are clearly and objectively shitty, though, and everyone should understand that by now. ;-)
Thorium plants will cost less to build than Coal, and has none of the problems of Light Water Reactors.
The cost of coal, gas, and oil does not include climate change. Once the cost of fucking up the planet is include in Hydrocarbon fuels anything is lower cost.
Thorium Liquid Salt reactor has no parallel to Light water reactors. Any argument put forth discussing Thorium Liquid salt is null and void. Inapplicable.
(heavy water reactors are not much different than LWR in safety)
No melt downs, no hydrogen explosions, no proliferation, no waste, much smaller size, lower cost pre-fabricated off site in factories, no water needed for cooling waste heat, (yes typical steam turbines use 30% of available heat, the rest warms up bodies of water, applies to all power plants.), air works fine due to higher process temps. Carbon dioxide can be used for driving turbines with massive size reduction and efficiency gain (+50%).
Thorium cycle breeds new fuel, and waste products are reprocessed in line. By contrast typical solid fuel rods are very expensive to reprocess and store, and remains "hot" for 10,000 years. The solid fuel waste disposal problem have not been solved, the can is just kicked down the road. Only 0.7% of the fuel in those rods are used as the contaminants are toxic to the power generation process, i.e. eats neutrons.
Why has not Thorium been used so far? Political decisions in the Nixon era by propellerheads who wanted to explore Sodium Breeder Reactors, which failed, killed the Molten Salt Reactor Experiment run by Alvin Weinberg, the inventor of both the the MSR and the LWR. A political decision.
The current regulatory environment is not yet adapted to Liquid Thorium Salt Reactors, there are very few parallels in the safety aspects, mainly because MSR are made to be intrinsically safe, it has no 2,000 psi water pressure, 10" thick reactor humongous forged steel vessels, etc. As was seen in Three Mile Island, and Chernobyl, loss of cooling is a disaster for Water cooled reactors. (Chernobyl did not even have a containment building.)
The historically short era of the industrial revolution is built on availability of massive amounts of cheap energy, without it we could regress into the 18th century lifestyle in a heartbeat.
Any discussion of fear against nuclear power serves only to help the Hydrocarbon industry and will fuck up the planet.
Solar power without storage is a non-starter. Wind power without storage is also stupid. Do the math, add the cost of requisite energy storage to the calculation. (Repairing wind generator is neither fun nor easy.) https://www.youtube.com/results?search_query=burning+wind+generator
The weather is not always favorable to these either. Wind generators are not environmentally friendly either.
Liquid Salt Thorium reactor can be deployed in current power stations, with existing distribution network, will be much cheaper, safer, and have gobs of power, and are scalable.
Are you really going to power a steel or cement plant with wind or solar?
Trump's opponent said "we're going to put a lot of coal miners out of work". OF COURSE he capitalized on that when speaking in coal country.
Things don't have to already be really bad for you to dislike a politician who says she's going to try to make you unemployed.
If a politician said "I'm going to put a lot of security experts out of work", and was actually trying to do exactly that, Bruce and I are going to vote for their opponent - even though we both have good jobs at the moment.
Isn't criticizing Trump just a reverse argument from Authority?
Can you cite a study that proves coal power plants aren't being treated unequally by regulators, laws, and markets?
The slashdot crowd becomes less educated and more out of touch with reality every day.
That microplastic in human cells is inherently safe and "cannot cause health effects because it's inert" and claims to have a science background promoting this bullshit, aren't you that same Luckyo moron? Lol dipshit.
Go eat more plastic you trashmind liar lol.. prove you're right. We're going to shove so much plastic up your ass you'll be walking like Trump Jr.
This.
That was putting them out of work. Coal plants would be profitable if they could run like they did before the EPA and mine safety. But on that other hand we'd miners dying left and right and cancer villages.
Hillary's problem wasn't the message, it was how she said it and more importantly her complete lack of leadership when it came to finding real solutions for out of work coal miners.
Bernie has the solution, which is a federal jobs guarantee. Put those coal miners to work but building solar panels. Time will tell if he gets a chance to do it.
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
Well, that's a good start.
We need to be off them altogether, right around, oh, let's see, now.
Where are we going and why are we in a handbasket?
In other words, you have lowered your standard of living
Not at all. PG&E pays me to conserve peak power, and I then have that money to spend on more important things, thus RAISING my standard of living.
sandwiches? Because that all Americans need to fuel the miners who are returning to the mines in droves to aid our exalted leader's plan to Make America Great Again.
Trump casinos!
As much as this news pleases me, I simply can't trust anything coming from a think tank. Their sole purpose of existence is to circumvent peer-review and declaring conflicts of interest. I believe it when I read it in a reputable scientific journal.
most coal plants that are closing are closing due to age/end of life, As a power plant ages the maintenance costs go way up to the point where they become unprofitable to run, however that has nothing to do with the financial viability of coal.
Long before fracking and renewables, huge numbers of coal mines were operating at a loss for political reasons.
The same reason that motor vehicle factories and agriculture in so many countries (including US and EU) are surviving only with government subsidies.
The question is not "why are they losing money?" - all mines have a limited lifetime before becoming unviable.
The question should be "Why are they still operating?"
Once you have the batteries it doesn't matter how you charge them "base load nonsense" is already false and will become even more imaginary with storage solutions.
To not refute, but make fun of an opposing and disliked viewpoint, is the common bromide of a loser. Your response is what was to be your response AFTER you argued "what if there's no wind or sun for a whole month?". Joce just cut you the fuck off and got to the nitty gritty.
Haters, indeed, gonna hate and you're hatin' hard. Git gud n00b.
In other words, you have lowered your standard of living
Not at all. PG&E pays me to conserve peak power, and I then have that money to spend on more important things, thus RAISING my standard of living.
No, you have traded a higher standard of living in exchange for a small discount on your expenses. I consider allowing others to remotely disable my air conditioning at arbitrary times to be seriously lowering my standard of living. I would easily trade a few dollars for the luxury of being adequately cool during peak load times.
When the option of staying cool on my terms is no longer available due to the elimination of adequate power delivery capacity, you may be happy, but there are a lot of us that will not be.
All of your arguments are wrong. Your facts are outdated. This is getting old.
And one day, you might even learn that heat and cold are very easy to store, thus completely eliminating your tiny problem!
And one day, you might even learn that heat and cold are very easy to store, thus completely eliminating your tiny problem!
And one day you may learn that this was one example of a problem not limited to climate control. Every generation has their religious zealots that want nothing more than to exert control over their peers. These days there are many factions fighting for that privilege, everyone from the clean energy priests to the perpetually outraged culture warrior religious orders to the #MeToo grand inquisitors. And their efforts are always for our benefit but we are always too feeble minded to recognize it. Only a blasphemer heretic would oppose their benevolent help and as such should be called out and publicly shamed and punished.
We're in the third wave of industrialization, and now more wealth is created from nothing than real things.
They're not supposed to be PROFITABLE. They're supposed to make electricity.