Commodities
Home›Commodities›Energy›Europe’s gas pain puts utilities back on coal for wint…
Europe’s gas pain puts utilities back on coal for winter
Gas prices stay elevated across Europe heading into winter, reviving pressure for power generation fuel-switching.
OilPrice reports that Europe’s energy crisis is not over, with natural gas prices remaining very high across the continent as households and utilities brace for a long winter.
The outlet links the renewed strain to Europe’s continued reliance on imported liquefied natural gas amid ongoing global geopolitical volatility, which has contributed to multiple energy shocks.
As European leaders push to diversify the bloc’s energy mix, OilPrice says power suppliers are increasingly turning back to coal as part of the response to high gas costs.
At the same time, the article notes that natural gas is still trading near 2.969 per unit while coal remains part of the fallback generation option for the coming season.
Latest closeNat gas $3.012 ▲0.0%