June 2, 2022 – Wall Street Journal
Red-Hot Coal Prices Threaten Even Higher Power Bills
By Ryan Dezember
Normally the fix for high coal prices is to switch to burning more natural gas, which is the leading power-generation fuel. But gas prices have popped up since the pandemic, for reasons similar to coal. U.S. natural-gas futures are up 127% so far this year and have been trading at their highest level since 2008.
High prices for both coal and natural gas have obviated the need for fuel switching among power producers and made for fairly...