Coal-to-gas switching forecast to ease this winter: analysts

摘要

Coal-to-gas switching at US power plants will ease in the winter months as natural gas prices continue to settle well above their lows of earlier this year, analysts said, although they widely disagreed on the prospects for fuel switching in 2013. “The forward curve is pricing in a level of coal displacement that is not sustainable,” said Shiyang Wang, an analyst with Barclays Capital.