Under EPA proposal: Nat gas prices would have to triple in next 8 years before coal became competitive again

EnergyWire reports:

Rules proposed by U.S. EPA last week for coal-burning power plants will not necessarily promote the development of carbon capture and sequestration (CCS) technologies and will instead cement industry’s reliance on natural gas, a cleaner fossil fuel that will also need carbon capture at some point, experts say.

“Unless you see a really big spike in gas prices, you see gas plants being built and no coal plants,” said Howard Herzog, senior research engineer with the Massachusetts Institute of Technology’s Energy Initiative. “It doesn’t help CCS since they [the utility industry] can build gas plants without CCS”…

EPA projects that for utilities to even consider shifting to coal, the price of gas would have to rise to $10 per MMBtu.

Few experts expect such a large price spike to occur, especially in the next eight years that this rule covers.

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3 thoughts on “Under EPA proposal: Nat gas prices would have to triple in next 8 years before coal became competitive again”

  1. This is not a mistake. It’s the goal. They couldn’t get away with shutting down all the coal plants at once. This way they just wait for them all to break down while no one can build replacements. Once coal is gone with little chance of returning they’ll take out the next target.

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