[dylan604]

> In fact the demand has shrunk so much that it jeopardizes financing of coal power companies.

That is something that I think would be the impetus needed to motivate reduction in coal power plants. If they become unprofitable to operate, then will the market finally decide to stop using them? Sadly, I could see the current US administration deciding to offer subsidies to keep coal.

[chithanh]

Yes, it is happening already (both the pivot away from unprofitable non-renewable energy, and US government intervention to tax imports of photovoltaics).

Levelized Cost of Electricity (LCE) from PV is below the fossil fuel range since 2020, and since 2024 it is also below if you include battery storage, which you need to turn solar into near constant energy supply.

https://www.irena.org/Publications/2024/Sep/Renewable-Power-...

https://electrek.co/2025/06/20/batteries-are-so-cheap-now-so...

[sheepybloke]

This has been happening in the US for the past 10 years. The big switch has been away from coal and some slower natural gas generators towards more nimble natural gas generators. Coal and other natural gas generators take a while to start up and shut down (think on the order of a day), which don't work well for coordinating with renewables and are much more expensive to operate. So companies have been switching to faster natural gas generators that start up in minutes to hours to support when demand is higher.

[scraptor]

Subsidies is too technocratic, trump style is to just order utilities to keep the plants operational at negative profit https://edition.cnn.com/2025/06/06/climate/michigan-coal-pla...