A newly released white paper by Energy Ventures Analysis (EVA), prepared for America’s Power, demonstrates the essential role that coal-based power generation plays in keeping West Virginia’s electricity rates stable and affordable. The analysis found that coal dependency has helped maintain lower rates over the past two decades, providing stability unmatched by many other states.
“States like West Virginia, where coal-fired generation is a primary energy source, benefit from some of the country’s most affordable electricity,” said Michelle Bloodworth, CEO of America’s Power. “Forcing a shift away from coal often leads to price hikes, which can significantly impact household budgets and the broader economy.”
West Virginia, where coal accounts for 88% of electricity generation, boasts electricity rates nearly 20% below the national average and the second-lowest among states east of the Mississippi. The state’s rates have consistently declined since 2016, attributed to its coal reliance, proximity to reserves, and regulated market structure.
Chris Hamilton, President of the West Virginia Coal Association, emphasized, “Coal’s reliability in West Virginia keeps electricity affordable, a crucial factor as costs rise in other sectors.”
The EVA report also noted that states moving away from coal in favor of natural gas and renewables have faced higher electricity costs and greater price volatility. Bloodworth cautioned, “Policies that close coal plants threaten reliable, affordable electricity access, as increased costs for utilities ultimately affect consumers.”
For more information, please visit www.AmericasPower.org