Solar and wind is cheaper.
But the government spends billions every year subsidising coal and oil industry so they can compete against solar.
Here in Australia the government created a sum tax to prevent people putting solar power back into the grid because solar is so cheap that if they let everyone with panels sell power it would drive the price down so low that coal fired power plants would go bankrupt.
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That’s not really why. There’s too much solar when it isn’t needed (midday spring and autumn) and not near enough way to store it when it’s needed (6pm in a cloudy winter week). The grid isn’t built to take a huge surplus of power with nowhere to put it. It has nothing to do with coal plant profitability.