Power plants are renegotiating coal contracts and finding other ways to reduce coal deliveries as cheap natural gas weakens demand for their longtime staple fuel. In Q4, coal consumption by power generators fell 18.8% Q/Q and 9.4% Y/Y; as the price of natural gas has been cut in half from a year ago, the shift in power production surely has accelerated since.
Power plants are renegotiating coal contracts and finding other ways to reduce coal deliveries...
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