“Coal can not compete because of ever-cheaper renewables” – that’s what they say. What they don’t say is that coal and renewables produce radically different products. The one produces on-demand, stable electricity that will give you what you need when you need it for as long as you need it. The other needing backup that’s never properly factored into the price for wind and solar as those generators are coasting on the grid overcapacity that has been built in the past to keep consumers safe. If you made the products equal, renewables would shrivel and die quicker than a salad leaf under a hot halogen lamp. Want proof – in every single constituency here subsidies are cut renewable development comes to a screeching halt. Why do they need subsidies if they are so cheap? The coal plants are what keeps Europe’s grids from collapsing. They will, and when the blackouts strike often – see what happens at the next election cycle. Reality always catches up.
Four in five EU coal plants are losing money and efforts to operate them regardless will end in court battles, a new report warns.