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Originally Posted by CaptainCrunch
So there's no alternative, and probably not one for at least half a decade. So by pumping up the Levy on the coal emitters to a almost punative level (An increase from 15 million to 150 million, which is ludicris) is nothing more then taxation without a choice. I can see why these companies wanted to jump out of the PPA's.
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Bear in mine that coal power plants brought in about $1.3 Billion in revenue last year. If price recover they might see $1 Billion this year, otherwise they're looking at maybe $800 million.The most significant issue for coal is the low prices, especially since the most significant changes to the SGER don't occur until next year.
Quote:
Originally Posted by Shazam
And see, that's absolutely terrible, because it takes years for a power plant to be built. Look at Enmax's Shepard plant - it took four years from ground breaking (so not even planning and design) to operational.
Christ people, you don't just buy a goddamned plant off of Amazon. Try to think about these things.
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Right now there's 12631 MW of combined cycle, cogeneration, and coal generation in Alberta. Our all time record in electrical demand was 11229 MW so that's a huge amount of power from effectively baseload plants. It's not a surprise that a bunch of companies have delayed their gas plants until after the first batch of coal plants are decommissioned.