Economics @ ITT

Economics Might Be Coal’s Worst Enemy

Posted in economics, environment, microeconomics, Policy Issues by ittecon on September 26, 2012

Coal-fired power plants and coal mines are being shuttered at an unprecedented pace mainly because the price of natural gas has dropped so far that it has made coal power uncompetitive. Specifically, electricity from natural gas power plants comes at less than half the cost of electricity from coal generators. As utility executives hustle to remain competitive in the deregulated marketplace, they are increasingly turning to the cheaper alternative.

via Why Obama might not be coal’s worst enemy – US news – Christian Science Monitor | NBC News.

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