NewEnergyNews: Texas Markets Say Forget Coal

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    Thursday, May 19, 2016

    Texas Markets Say Forget Coal

    In Texas, Market Forces Driving Shift From Coal, Study Says

    Jim Malewitz, May 17, 2016 (The Texas Tribune)

    “Texans are on pace to rely more heavily on natural gas, wind and solar energy to power their lives in the coming decades — and much less on coal…regardless of how judges rule in battles over federal regulations meant to speed the shift toward cleaner-burning electricity sources…and market forces alone could drive the trend, which would barely nudge electricity prices, [according to a new Brattle Group study. If natural gas prices stay relatively low, as some expect, and solar energy technology keeps getting cheaper, 60 percent of coal generation on the ERCOT grid could be shuttered] by 2020. And by 2035, natural gas, wind and solar power would combine for roughly 85 percent of generation…” click here for more

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