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Lower Pricing Spurs Shift Back to Coal
In 2021, U.S. coal-fired generation will increase 22%, the first production boost since 2014, according to the US Energy Information Agency (EIA). Why? Natural gas prices increased significantly during the year: The year-to-date delivered cost of natural gas to US power plants averaged $4.93 per million British thermal units (Btu), more than double last year’s price. Meanwhile coal prices have been stable making that energy source much more attractive to utilities and driving usage.
Lower Pricing Spurs Shift Back to Coal
Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government
Source: www.eia.gov
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