Tough time for coastal power companies on higher Indonesian coal prices

• Posted in Power
• on August 8, 2017
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Costal power plants will have a higher fuel bill in August as prices of Indonesian steam coal have risen 44% to a seven-month high. International coal prices have risen 6.4% since June as China cut production and increased import.

S&P Global Platts said US export prices of premium coal increased from $68 a tonne in January to $75.5 a tonne in August.

The consequent increase in power cost will make it difficult for coastal plants to compete, say experts. Robert Alford Womens Jersey

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