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The price of metallurgical coal is volatile [112] and much higher than the price of thermal coal because metallurgical coal must be lower in sulfur and requires more cleaning. [113] Coal futures contracts provide coal producers and the electric power industry an important tool for hedging and risk management.
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
Plant Bowen, the third-largest coal-fired power station in the United States. This is a list of the 215 operational coal-fired power stations in the United States.. Coal generated 16% of electricity in the United States in 2023, [1] an amount less than that from renewable energy or nuclear power, [2] [3] and about half of that generated by natural gas plants.
Natural gas prices 2000 ... from oil and is now trending somewhat with coal prices. ... that Brazil pays between $3.15 to $3.60 per million British thermal units ...
In 2019-20 Australia exported 390 Mt of coal (177 Mt metallurgical coal and 213 Mt thermal coal) and was the world's largest exporter of metallurgical coal and second largest exporter of thermal coal. [3] While only employing 50,000 mining jobs nationally coal provides a rich revenue stream for governments. [4]
At the time, coal was selling for about a quarter of the price of natural gas ($1.5 versus $5.0 per million BTU); however, the ratio has since become much smaller (as of 2010, coal has tripled in price to $4.63/mil BTU while gas is still at $5.189). [4] [6] (Natural gas is used as an alternative to thermal coal in electricity production.)
The spread of coal use was gradual until the late 11th century when a timber shortage in north China produced a fast-paced expansion in coal mining and consumption. [12] In 1000 AD, Chinese mines were ahead of most mining advancements [clarification needed] in the world. [13] Coal mines in China faced similar problems to European ones.
In 2015, because of a "glut of both thermal and metallurgical coal", the global price of coal was low. [18]: 11 In 2016, there was a dramatic increase in the price of metallurgical coal to over US$300/tonne. [19]: 3 This was the first time the price of coal had reached this peak since 2011. Investors showed renewed interest in the bituminous ...