Is coal cheap or expensive?
Contrary to coal industry spin, coal is not the cheapest resource for electricity generation — and it is only becoming more expensive, according to a new report titled “Coal is not Cheap Power.”
Coal is priced by the "short ton." Pricing very much depends on geographic location. According to Coal Prices and Charts, Poweder River coal prices is $11.55 per short ton; Northern Appalachia Coal Price is $53.20 per short ton. Prices were dated July 10, 2015.
- a unit of weight, equivalent to 2000 pounds (0.907 metric ton) avoirdupois (short ton) in the U.S. and 2240 pounds (1.016 metric tons) avoirdupois (long ton) in Great Britain. Also called freight ton.
- In 2000, US production of electricity from coal was 224.3 GW (1.966 trillion kilowatt-hours per year). In 2006, the US consumed 1,026,636,000 short tons (931,349,000 metric tons) or 92.3% of coal mined for electricity generation.
- Newcastle Coal is thermal coal exported (delivered FOB) out of the port of Newcastle in New South Wales, Australia. It is the price benchmark for seaborne thermal coal in the Asia-Pacific region.
Unit conversion for Coal Price Today
|1 Ton = 1,000 Kilograms||Coal Price Per 1 Kilogram 0.06 USD|
- ACEEE notes, for instance, that in 2008 coal cost between 7 and 14 cents per kWh; natural gas cost between 7 and 10 cents per kWh; and wind between 4 and 9 cents per kWh. In terms of new nuclear, some estimates put its price at 15 cents per kWh, or more.
- Oil prices have slumped to 12-year lows, shocking even the most bearish forecasters. But back in February 2004, the last time the U.S. benchmark settled below $33.50 a barrel, oil at these prices was considered pricey.
- The ranks of coal (from most to least carbon content) are as follows: anthracite, bituminous coal, subbituminous coal, and lignite. The coal with the highest carbon content is the best and cleanest type of coal to use.
Updated: 21st September 2018