Gas CCGT is usually long run cheaper than coal once you include CO2 cost. But old and existing coal plants can often beat new build gas CCGT because theyre full

Gas CCGT is usually long run cheaper than coal once you include CO2 cost. But old and existing coal plants can often beat new build gas CCGT because theyre fully depreciated and have financing paid off. Additionally it's got a lot harder to finance new build CCGT and is pretty much impossible to finance new build coal these days in most markets. Depending on the market, offshore wind can be cheaper than gas because of that effect and because of scale (the newest wind turbines are absolutely enormous) even ex subsidy.