EIA 2013 thru 2014 projections for coal consumption, supply and prices-all up- dated March 12, 2013
U.S. Coal Consumption.
Total coal consumption fell by 114 million short tons (MMst) (11.3 percent) in 2012, led by an 11.6-percent decline in coal use for electricity generation. EIA projects total coal consumption will increase from 889 MMst in 2012 to 941 MMst in 2013 and 955 MMst in 2014. EIA expects consumption in the electric power sector to increase over the forecast period as a result of higher electricity demand and higher natural gas prices, but remain below 900 MMst.
U.S. Coal Supply
Coal production is expected to increase by 1.0 percent in 2013 as primary and secondary inventory draws, combined with an increase in coal imports, meet most of the growth in consumption. Coal production is forecast to grow by 1.3 percent in 2014.
U.S. Coal Prices
Delivered coal prices to the electric power industry increased steadily over an 11-year period through 2011, when the delivered coal price averaged $2.39 per MMBtu (a 5-percent increase from 2010). EIA estimates that the delivered coal price averaged $2.40 per MMBtu in 2012, and forecasts average delivered prices of $2.42 per MMBtu in 2013 and $2.45 per MMBtu in 2014.