High European gas prices drive utilities back to coal
Soaring gas prices across Europe are pushing power producers back to coal generation. Analysts expect coal output to jump significantly over the next six months.
Xurve View
Insights:
Xurve View
European utilities are boosting coal-fired generation by 25% over the next six months as Natural Gas prices surge above €80 ($90.98) per megawatt hour. The spike follows disrupted shipments through the Strait of Hormuz after conflict erupted between Iran and the United States in late February. The shift reverses a multi-year decline that saw coal's share of EU electricity drop to a record low of 9.2% in 2025.
