Cost of production of renewable electricity falls below that of coal

Good news for environmental fans!  The economics of renewable power generation are more attractive than those for burning coal even without considering externalities – the cost of pollution and CO2.  In 2017, Coal was used for 29% of energy production, so lots of room to build out renewables.

Expect utilities to struggle with assets of that burn coal as they become less competitive.

FT article on generation costs of renewables less than coal 110918

Thanks,

John