U.S. Coal Consumption Rose 7.9% in Past Week, Genscape Says
U.S. coal consumption surged 7.9 percent in the week ended yesterday from the previous seven-day period, led by gains in the East, according to an analysis by Genscape Inc.
Eastern power-plant use rose 8.3 percent while consumption in the West slipped 2.3 percent, the data provider said. Overall coal demand climbed 17 percent from a year earlier.
Genscape says it monitors coal use in real time at U.S. power producers with a device that’s installed at the plants. The company uses different models to reach its consumption figures, making it possible for regional data to conflict with national totals.
The U.S., which holds the world’s largest reserves of coal, relies on the fuel for about half of its power generation, compared with about 20 percent for natural gas.
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