European Coal Prices Fall Below $100 for First Time Since 2021
A truck dumping coal at the Emile-Huchet thermal power, coal and combined gas plant in Saint-Avold and Carling, France.
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European coal fell below $100 a ton to the lowest in almost two years as a drop in power demand and gas prices curbed use of the dirtier fuel.
Power plants have been favoring gas over coal, with strong imports of liquefied natural gas boosting stockpiles and improving the region’s energy-security outlook. It’s a major change from last year, when Germany burned coal at the fastest pace in at least six years after Russia cut piped gas flows to Europe.