Natural Gas Prices Surge, Boosting Coal Use

Benchmark U.S. natural gas prices surge, leading to increased coal use and higher power sector emissions. Despite the environmental impact, utilities are turning to coal to manage costs and ensure a reliable power supply. This trend is expected to continue, with coal output rising and gas-fired power output decreasing, potentially leading to a ten percent or more increase in natural gas costs for the power sector.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.