Post by RS Wood
On Tue, 19 Jun 2018 04:31:19 +0000 (UTC)
Post by Computer Nerd Kev
Miner Reopens Coal-Fired Power Plant in Cheap Energy Quest
David Floyd, Apr 12, 2018.
Too depressing a subject for me to dredge up the will to actually read
the article, but in the USA at least, coal is now one of the most
expensive forms of energy, certainly relative to natural gas. Wonder
what energy they were using before, that coal is cheaper: hamsters on
OK, F it ... I read the article. No answers. Article points out
Quebec and Washington State's cheap hydro is advantageous. There is NO
F'ing way Australian coal can be cheaper than that. These guys are
either barking up the wrong tree, or it's a fun sensational headline.
But the economics don't make sense.
Here's one clue: a bungled transition to clean energy gives Australia
the world's priciest power, and coal actually /is/ cheaper.
This post turned into a stream-of-consciousness. Sorry about that.
Well the stream was flowing in the right direction at least. It might
make more sense to think in terms of the operating costs that the
power companies incur (or perceive they might incur) and compare
that to an independant operator who only has to worry about one
power plant and no distribution network.
There's some more detail at the original Australian newspaper
And there's the company's statement, which I skimmed over:
Coal is also cheap in Australia - we've got lots of it and even
like to build power plants right next to where it's dug up. The
question of whether we _should_ and the indecision at a
government level over whether energy companies will be allowed
to keep burning the stuff in the future is supposably what has
lead to our pricy power.
I guess put all that together and it might work out that it's
cheap for them to mine bitcoins here, but expensive for me to
run my kettle.
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