Via The Australian comes Kerry Schott, ESB chairwoman and NEG architect:
“The fact of the matter is the existing coal plants we’ve got — some are low cost and very competitive,” Dr Schott said. “But the problem is that when you go to build a new coal plant and get new coal contracts — unless that is right on top of the mine mouth — you’re very unlikely to be able to compete with a mixture of wind, solar, gas and pumped hydro.
“They’re the cheapest complimentary options at the moment the way the cost curves are.”
“They have been built particularly in Asia, but they are not efficient in terms of economics in Australia. They’re very costly to build. This is very ideological and it’s important for everyone to check the facts of what everyone is saying.”
Yep:
Without subsidy, coal is dead.
