Coal as a Solution to Rising Electricity Prices
Electricity bills are increasing globally due to three main factors: new utility spending on infrastructure, rising natural gas costs, and capacity shortages in electricity markets driven by the AI revolution.
In some states, prices have surged over 60% since 2022, with the current administration facing the challenge of addressing this issue.
The strategy the administration has embraced is built around reinforcing dispatchable power–the generating resources that run when called upon, not when the weather allows.
- Ramping up development of new nuclear power plants
- Ramping up development of new natural gas power plants
- Freezing the closure of existing coal plants
Author's summary: Coal is key to solving rising electricity prices.
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