NEW MINE-MOUTH COAL ELECTRICITY LESS COSTLY, AVAILABLE NOW, NOT PIE IN THE SKY, LIKE EXPENSIVE FUSION AND SMALL MODULAR NUCLEAR

NEW MINE-MOUTH COAL ELECTRICITY LESS COSTLY, AVAILABLE NOW, NOT PIE IN THE SKY, LIKE EXPENSIVE FUSION AND SMALL MODULAR NUCLEAR 

https://www.windtaskforce.org/profiles/blogs/coal-electricity-less-...

By Willem Post

 

It is very easy for coal to compete with wind and solar

In the US, Utilities are forced to buy offshore wind electricity for about 15 cents/kWh.

That price would have been 30 cents/kWh, if no 50% subsidies.

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Offshore wind full cost of electricity FCOE = 30 c/kWh + 11 c/kWh = 41 c/kWh, no subsidies

Offshore wind full cost of electricity FCOE = 15 c/kWh + 11 c/kWh = 26 c/kWh, 50% subsidies

The 11 c/kWh is for various measures required by wind and solar; power plant-to-landfill cost basis.

This compares with 7 c/kWh + 3 c/kWh = 10 c/kWh from existing gas, coal, nuclear, large reservoir hydro plants.

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Coal gets very little direct subsidies in the US.

Here is an example of the lifetime cost of a coal plant.

The key is running steadily at 90% output for 50 years, on average

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Assume mine-mouth coal plant in Wyoming; 1800 MW (three x 600 MW); turnkey-cost $10 b; life 50 y; CF 0.9; no direct subsidies.

Payments to bank, $5 b at 6% for 50 y; $316 million/y x 50 = $15.8 b

Payments to Owner, $5 b at 10% for 50 y; $504 million/y x 50 = $21.2 b

Lifetime production, base-loaded, 1800 x 8766 x 0.9 x 50 = 710,046,000 MWh

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Wyoming coal, low-sulfur, no CO2 scrubbers needed, at mine-mouth $15/US ton, 8600 Btu/lb, plant efficiency 40%, Btu/ton = 2000 x 8600 = 17.2 million

Lifetime coal use = 710,046,000,000 kWh/y x (3412 Btu/kWh/0.4)/17,200,000 Btu/US ton = 353 million US ton 

Lifetime coal cost = $5.3 billion

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The Owner can deduct interest on borrowed money, and can depreciate the entire plant over 50 y, or less, which helps him achieve his 10% return on investment.

Those are general government subsidies, indirectly charged to taxpayers and/or added to government debt.

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Other costs:

Fixed O&M (labor, maintenance, insurance, taxes, land lease)

Variable O&M (water, chemicals, lubricants, waste disposal)

Fixed + Variable, newer plants 2 c/kWh, older plants up to 4 c/kWh

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Year 1 Cost

O&M = $0.02/kWh x 710,046,000 MWh/50 y x 1000 kWh/MWh = $0.284 b

Coal = $15/US ton x 353 million US ton/50 y = 0.106 b

Bank/Owner = (15.8, Bank + 21.2, Owner)/50 y= 0.740 b

Total = 1.130 b

Revenue = $0.08/kWh x 710,046,000 MWh/50 x 1000 kWh/MWh = $1.136 b

Total revenue equals total cost at about 8 c/kWh

Banks and Owners get 0.74/1.136 = 65% of the project revenues  

 

For lower electricity cost/kWh, borrow more money, say 70%

Traditional Nuclear has similar economics; life 60 to 80 y; CF 0.9 in the US.

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For perspective, China used 2204.62/2000 x 4300 = 4740 million US ton in 2024.

China and Germany have multiple ultra-super-critical, USC, coal plants with efficiencies of 45% (LHV), 42% (HHV)

https://www.sciencedirect.com/topics/engineering/ultrasupercritical...

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Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

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(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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