Monday, February 25, 2013

Coal Continues to Increase Utility Market Share

Since coal and natural gas got close enough to kiss back in April 2012 - at least in terms of market share as a utility fuel - coal has reversed trend and started to regain share.  In November 2012, coal represented 42.2% of electricity generated, compared to 39.9% in November 2011.  Coal has not had this high a market share since July 2011.  Perhaps not coincidentally, natural gas spot prices were 10% higher in November 2012 compared to 2011.  Natural gas represented 26.1% of electricity generation in November 2012 compared to 24.8% in November 2011.

Year-to-date, coal's market share stood at 37.2% compared to natural gas at 30.8%.  The YTD share for gas is 6.1 percentage points higher than the same period in 2011, but that figure has declined in recent months as coal has picked up steam (pun not intended).

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