Global economic ripple effect spreads to US power

Growing US coal exports and increased investor activity are linking traditionally domestic markets such as power to global economic events. Pauline McCallion finds out about this trend

US power remains a regional market but it is gradually becoming more linked to global events as the US takes advantage of growing export opportunities for coal. “I have increasingly seen US power becoming a globally impacted commodity, although it’s not necessarily a global commodity per se,” says Hind Farag, head of North American power research at consultancy Wood Mackenzie. “Fuel price changes are where the implications for North American power first tend to crystalise.” 

Sky-rocketing