Coal news and updates

Coal purchases from Duke Energy Kentucky totaled 145,118 st in June, up 52.6% from May and 39.9% from June 2020, state regulatory filings showed Aug. 23.

 

The Duke Energy utility subsidiary told the Kentucky Public Service Commission it bought barge coal with an average heat content of 11,600 Btu/lb from three suppliers for its East Bend Station in Boone County, Kentucky, at an average delivered cost of $43.40/st in June, compared with $43.18/st in May and $43.73/st in the same month a year ago.

Duke bought 57,067 st of 11,195 Btu/lb coal from Central Coal Company's Illinois Basin mine at $40.31/st and 45,178 st of 11,181 Btu/lb coal from Knight Hawk Coal's Illinois mine at $47.37/st. An additional 42,873 st of 12,582 Btu/lb coal came from Alliance Coal's Tunnel Ridge mine in Ohio County, West Virginia, at $42.32/st.

 

In June, the East Bend station burned 167,206 st of coal, up from 125,338 st in May and 130,433 st burned in June 2020. June coal burn generated 360,958 MWh at a dispatch price of $20.60/MWh, compared with 250,711 MWh at a net dispatch price of $22.70/MWh in May and 311,397 MWh at $22/MWh in June 2020.

 

The utility ended the month with inventories of 125,926 st worth $5.52 million, or 23 days of supply, down from 148,014 st, or 37 days of supply, after May and 253,223 st, or 58 days cover, after June 2020.

 

In 2020, Duke Energy Kentucky took delivery of 1.12 million st of barge coal at an average delivered price of $43.94/st, according to US Energy Information Administration data.

 

 

Source : https://www.spglobal.com/platts/en/market-insights/topics/cop26-un-climate-change-conference