Coal Power Costs More Than It Did In 2021. $6 Billion More, Report Says

Coal Power Costs More Than It Did In 2021. $6 Billion More, Report Says

by Curtis Tate

The cost to generate electricity from coal has increased faster than the rate of inflation, a new report found.

It was 28% more expensive to generate electricity from coal last year than it was in 2021, according to an analysis by Energy Innovation Policy and Technology.

Electricity customers paid more than $6 billion more for the same amount of coal power in 2024 than they did in 2021.

Appalachian Power Still Has Too Much Coal, And It’s Costly

Appalachian Power Still Has Too Much Coal, And It’s Costly

Appalachian Power continues to have high inventories of coal at its West Virginia plants, and that’s costing the company and electricity customers.

The company asked the Public Service Commission on Tuesday to recover $71.6 million in fuel costs for the 12-month period ending in February.

If approved, the average residential electricity customer would pay about $5 more a month.