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IPFS News Link • Energy

US Coal Prices Soar Above $200 Amid Energy Crunch

• by Tyler Durden

If not, then electricity generators at power plants will find NatGas uneconomical to run turbines and switch to coal-fired generators. That's precisely what could be happening as US coal prices soar over the $200 per ton mark for the first time. 

Bloomberg said spot coal prices for the week ending Sept. 30 increased to $204.95 per ton. Data was sourced from US Energy Information Administration, which said this was the highest price in records dating back to 2005. 

The energy-market shockwaves from Russia's invasion of Ukraine and rejiggering of Europe's energy supply chain have dramatically increased US LNG exports to the EU this summer and fall. Domestic supplies have significantly tightened the availability for large users, which has pressured prices higher.