As the other oil products get high, coal fuels that energized some of power outlets have already strike into high price.
Physical coal prices on Thursday surged to a record $102.00 a ton delivered into Europe, from $65.00 in the first quarter, because rampant demand in Asia has sucked in millions of tons originally destined for the Atlantic market.
Power generators, Europe's biggest coal consumers by far, buy most of their coal on rolling long-term contracts from producers but usually purchase a small proportion from the spot market.
Coal-fired generation is used most heavily during the winter months when it is usually the lowest-cost fuel. Some European regions can switch from coal to hydro, wind or gas-fired, notably Scandinavia, Germany and Iberia, but most European utilities rely on at least some coal-fired generation. more....
0 comments:
Post a Comment