Depreciation carbon dating
Even though concerns about depleting foreign exchange reserves could limit the extent of yuan weakening, a depreciation trend is more likely than before.
That's why we're changing our USD/CNY forecast to 6. from appreciation to depreciation Trade war escalations between China and the US along with rising political risks in Italy and Spain have formed a strong dollar trend, and this is the key reason why we're revising our yuan forecast.
"It is not that coal plants are getting more expensive, it is that the alternatives are getting cheaper," said Sarah Wright, executive director of Utah Clean Energy.
Washington and Oregon, in particular, have state energy policies that demand the removal of coal from their portfolio by 2030 — in favor of renewable — which is prompting Pacifi Corp to take another look at coal plant closings.
Young said Pacifi Corps' own numbers spell an early demise for some of its coal-fired fleet.
"The bottom line is that Pacifi Corp knows it may have to accelerate retirement of some coal plants because they simply can't compete with lower-cost alternatives," he said.
Wright said she believes as greater flexibility is built into the grid through turning on renewables, coal plants will become increasingly uneconomical to operate.
"My hope is that in 10 years we have a completely clean grid," Wright said.
Aside from economic factors, environmental regulations are hastening the closure of coal plants in the United States, such as the Carbon Plant in Helper five years ahead of schedule.
In 2016, natural gas overtook coal as the leading fuel for power plants, according to the Energy Information Administration.
In Utah, demand for coal at power plants decreased by about 2 million tons in 2016 and remained at that level through 2017, according to a report by the Utah Geological Survey.
Pacifi Corp, in a statement released after the study, said other factors drive fleet decisions, considerations that especially emphasize having a reliable system.
"The study reflects ongoing cost pressures on coal generation driven by market forces and regulatory considerations.