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Europe Ramps Up Coal Burning With Natural Gas Out of Favor

  • Region seeks to reduce dependence on Russian gas supplies
  • Coal prices stable on Friday after swinging wildly earlier
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Russia Threatens to Cut Gas Flows to Europe

European utilities are getting increasingly reliant on coal for power as the region tries to reduce its dependence on Russian natural gas. 

Even with prices for the dirtiest fossil fuel surging with most other commodities, it’s still much cheaper for power plants to burn coal than gas to make electricity. Last week, plants on the continent burned 51% more of the sedimentary rock than a year earlier, according to data from Fraunhofer ISE. At the same time, gas demand from power stations declined.