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    Reuters: Europe coal $50 jump would match gas power profits

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Summary

Coal would have to rise by more than 50 percent to make gas-fired plants as profitable as those powered by coal. Coal swaps need to be $145/T for natural gas to be more profitable. New ETS emissions allowances will keep coal as the most profitable source of fuel.

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Reuters: Europe coal $50 jump would match gas power profits

European coal prices would have to rise by $50 a tonne, or more than 50 percent, to make gas-fired power plants as profitable as coal power generation, Reuters data shows.

The current price for European coal futures delivered in 2013 is at $95.50 a tonne, down 30 percent during the past year.  MORE

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