As coal-fired power generating plants are retired in a push for utilities to reach clean energy goals, a greater reliance on natural gas for power generation could support prices over the long term, according to market analysts.

Generally speaking, coal retirements are bullish for natural gas pricing, analysts said.

“As coal retires, the supply of coal being used and produced for generation purposes decreases, and the price of coal increases,” Gelber and Associates analyst Alex Gallegos told NGI. “This incentivizes fuel switching to natural gas, a far cheaper and cleaner source of energy.”

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