Coal isn't viable because cost per kWh sucks. Relaxing regulations won't change the equation significantly enough to matter
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I agree. While the regulations cost money, undoing them won't budge the market much.
Not sure how good this data is but I may be wrong on cost per MW/h. But the data in the table bellow shows gas as being 30% cheaper so not sure. https://en.wikipedia.org/wiki/Cost_of_electricity_by_source#Energy_Information_Administration. From my college energy textbook I remember 30% cheaper being in the ballpark but i guess numbers vary based on how you calculate the total cost.