More NJ Coal Fired Power Plants to Close

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Re: More NJ Coal Fired Power Plants to Close

PostBy: joeq On: Thu Dec 01, 2016 8:55 pm

Haven't read all the discussions above, in this thread, but see they're all posted "before" the election. Will the Trump administration have a positive effect on this concern?
(TOTP! :mad: )
joeq
 
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Re: More NJ Coal Fired Power Plants to Close

PostBy: johnjoseph On: Fri Dec 02, 2016 11:53 am

joeq wrote:Haven't read all the discussions above, in this thread, but see they're all posted "before" the election. Will the Trump administration have a positive effect on this concern?
(TOTP! :mad: )


The only effect he can have is to roll back EPA regulations in favor of the coal industry...it will have little to no effect at all due to market trends. DRILL BABY DRILL has had a very significant impact on the coal industry.
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Re: More NJ Coal Fired Power Plants to Close

PostBy: oros35 On: Mon Dec 05, 2016 2:18 pm

I work in the electric generation industry, for a company that just said they were going to put most of it's competitive generation plants up for sale, close them, or bankruptcy. (Regulated plants are still making money, all the plants closing are in the deregulated competitive markets.)

So here is some insight to the current electrical industry:

Yes Cheap natural gas has played a large part in this, but that's only part of the big picture. Carbon credit subsidies are another big hitter killing traditional coal and nuclear generation (How about this, nuclear is "0" emissions, but does not get the same carbon credit as 0 emission wind and solar. The current disaster of government doesn't like Nuclear just as much as coal)

The biggest issues are - A direct quote from our companies Generation President "dysfunctional market and a lack of clear energy policy on the part of our government" Simply put, the market was deregulated without clear understanding of the results that would have. Energy policies, or lack there of, are not equal and fair to all parties. Some companies are making out on government subsidized generation while the baseload plants (nuclear and coal) and getting the shaft. Without the government subsidies, wind and solar would not survive. That leaves natural gas to take over for the baseload once the coal and nuclear plants are driven to extinction. If the price of natural gas goes back up, so does your electric price to cover it. The general consumer gets screwed based on "dysfunctional market and a lack of clear energy policy on the part of our government"

For the Trump question, our company says that they don't see much short term change. And the long term change is not clear as Trump has not detailed his energy policy, wait and see. Much of the policies are driven at the state level for what is really driving the downturn of the industry. And there hasn't been enough change in the state's we serve.
oros35
 
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