The United States is using the least amount of coal ever to make electricity as cheap natural gas establishes itself as the nation’s favorite power-plant fuel.
Coal’s share of total electricity generation fell in November to a record 29 percent. Natural gas was the dominant fuel for a fifth straight month, making up 34 percent of the U.S. power mix, the Energy Information Administration said in a report Tuesday.
The record low demand underscores how dramatic the collapse of the U.S. coal market has been as low natural gas prices and mounting environmental regulations weaken demand for what was once the source of more than half the nation’s power.
Coal’s share of the power mix in November was “a case of cheap gas and weather,” said Ted O’Brien, chief executive officer of Doyle Trading Consultants in New York. “In my mind, it all but guarantees that natural gas overtook coal in 2015. That trend is likely to continue.”