Coal Still Edges Out Gas During Cold Snaps-For Now

摘要

Coal's demise in the US power-generation stack has been greatly exaggerated-at least for the time being.In fact,gas-to-coal switching can be robust when Appalachian and/or Midwest spot gas prices rise to around $2.70 per million Btu,as they did last month,coal quickly flexes what's left of its muscle."Yes,we've retired a lot of coal capacity,but you know what? The market is still sensitive to increases in the gas price,"analyst Mark Morey with the US Energy Information Administration (EIA) told Energy Intelligence."It would have be a bigger story if the coal fleets had been so weakened that they couldn't respond."