Dallas Morning News:
In Texas, coal accounts for somewhere around 25 percent of electricity production. That’s down from around 40 percent six years ago. My colleague, Jeffrey Weiss, looked at the numbers back in October, when Trump was campaigning to bring back coal. The Institute for Energy Economics and Financial Analysis and Texas Public Citizen did a study of the major coal plants that produce electricity in Texas.
Here’s what they found:
- Coal power plants are losing money in Texas. In the analysis, only one coal plant — Martin Lake –was predicted to remain profitable from 2017 to 2024. All were expected to decrease production. Of course, easing pollution regulations could decrease their costs.
- Natural gas is significantly cheaper than coal. It’s not even close when it comes to the average price of coal vs. the average price of natural gas for power plants.
- Wind is also picking up. The big gainer in all this isn’t just natural gas. It’s also wind, which has been growing steadily in Texas as a source of electric power since 2010.