'Clean coal' would push up power bills more than wind, solar or gas: analysts
Bloomberg New Energy Finance Australian chief Kobad Bhavnagri said if new coal were to be built in Australia, electricity prices would be substantially higher than under a combination of gas and renewables – assuming governments opened up gas markets so supply was readily available.
"New coal is not cheap, it's inflexible and unnecessary and it's certainly not clean," Mr Bhavnagri said. "It's impossible to imagine a private market participant investing in such a project."
On reliability, the analysis found coal plants were an inflexible form of generation not suited to a modern power grid drawing electricity from a range of sources, including intermittent renewable energy and battery storage.
Baseload gas can start and stop much more quickly than coal, which basically needs to run constantly, even not when required. Gas plants also have shorter lifespans, which reduces the investment risk.
Which brings us back to my first post about Tesla.
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