Weather-related events, such as cold spells, could temporarily boost coal usage beyond previous expectations. The IEA also highlighted that the war in Iran has sent shockwaves through global oil and gas markets, further affecting supply dynamics. Despite the long-term decline in coal use, the current crisis has made coal plants a critical backup option for grid stability in Europe.
October 16, 2026
Europe's Coal Plants Turn Profitable Amid Gas Crisis
Europe's last coal-fired power plants are now profitable due to soaring gas prices and LNG supply shortages.
Impact
The shift back to coal generation highlights the growing pressure on Europe's energy markets as gas prices remain high and LNG supplies remain constrained.