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In this episode of Plugged In, we turn to a topic we haven’t covered often; but one that’s rapidly moving back into the spotlight: coal.

As war in the Middle East disrupts LNG supply chains and drives gas prices sharply higher, European power markets are being forced to adapt. With gas-fired generation becoming increasingly expensive, coal is, at least temporarily, regaining economic relevance.

We’re now seeing early signs of increased coal imports, particularly in key markets like Germany, alongside shifting profitability dynamics between coal and gas-fired generation.

So is this just a short-term market reaction… or a more significant structural change? 

Richard  speaks to Toby Hassall, Lead Analyst at London Stock Exchange Group, and Firat Ergene, Lead Insight Analyst at Kpler, join the podcast to break down the data, covering fuel switching, regional demand, price dynamics, and what forward markets are signalling for winter and beyond. Setting the scene is our own Laurence Walker.  

Host: Richard Sverrisson – Editor-in-Chief, Montel News

Guests:
Laurence Walker – Deputy Editor-in-Chief, Montel News
Toby Hassall – Lead Analyst, London Stock Exchange Group
Firat Ergene – Lead Insight Analyst, Kpler

Editor: Oscar Birk
Producer: Alexandra Carlon