Natural gas and Thermal coal

Their prices have moved together.

Natural gas (energy) and Thermal coal (energy): 1 relationship.

How they are linked

1. Price link: competing fuel

Cost and price · Strong · Both ways

Power generators switch between gas and coal depending on which is cheaper after carbon costs, and both are traded as seaborne fuels. They move together more than most pairs here: monthly changes correlate at 0.37 and yearly changes at 0.81, with recent years tighter (0.47).

• 0.37 monthly change correlation
• 0.81 12-month change correlation
• 0.94 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.