Gas-fired power generators that enjoyed eating coal’s cake last year will have the opportunity again in 2011 as soft gas prices and abundant supply position the power sector for a reprise of 2009’s fuel switching, analysts at Barclays Capital and Raymond James & Associates Inc. said separately last week.
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Analysts: $5.50 is Coal-Gas Switching Price
Gas-fired power generators that enjoyed eating coal’s cake last year will have the opportunity again next year as “there will be too much gas supply in 2011 not to boost displacement back to about 2009 levels, assuming normal weather next year,” Barclays Capital analysts said in a note Tuesday.
November 11, 2010
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