By Thomas Pyle
President of the Institute for Energy Research
In an opinion piece for the Wall Street Journal, president of the Institute for Energy Research Thomas Pyle writes that scrapping the existing coal fleet to build new generators would impose expensive and unnecessary costs on the public. At $73.40 per megawatt-hour, electricity generated from new natural gas plants is about twice as expensive as from existing coal plants. This is due mostly to the plant’s upfront capital costs. Replacing coal with renewable sources is even more expensive. The IER study found that installing and operating new wind facilities would cost $106.80 per megawatt-hour.