• Contributor

        Michel Berthélemy

        Chief of Staff and Nuclear Strategic Policy Advisor.

        • Contributor

        Tim Gould

        Chief Energy Economist. Tim Gould was appointed the Agency's Chief Energy Economist in 2021. As Chief Energy Economist, he provides strategic advice on energy economics across a wide range of IEA activities and analysis. Mr Gould is also Head of the Office of the Chief Energy Economist, in which capacity he co-leads the World Energy Outlook, the IEA's flagship publication series, and oversees the Agency's work on investment and finance, including the World Energy Investment report.Mr Gould joined the IEA in 2008, initially as a specialist on Russian and Caspian energy, and in recent years has designed and directed a wide range of IEA analytical outputs, while continuing to contribute also as an author. Prior to joining the IEA, Mr Gould worked on European and Eurasian energy issues in Brussels and has ten years of experience in Eastern Europe, primarily in Ukraine. He graduated from Oxford University and has a post-graduate diploma from the School of Advanced International Studies of J...

        • Contributor

        Thibaut Abergel

        Former Clean Energy Technology Analyst.

        • Contributor

        Michał Kurtyka

        Former Minister of Climate and Environment.

        • Contributor

        Pietro Gioia

        Former Energy Analyst.

        • Contributor

        Giulia D’Angiolini

        Energy Efficiency Policy Analyst.

        • Fuel report

        • Dec 2025

        Coal 2025 Prices and costs

        Prices Coal prices averaging lower in 2025 than in previous years After unprecedented prices in 2021 and 2022 amid the energy crisis, coal prices continued to be higher than the pre-Covid levels throughout 2023 and 2024. Prices for different coal qualities generally move in tandem, as partial substitution is possible. Thermal coal is mainly consumed in power generation and in this section is classified into low-CV (CV below 4 200 kcal/kg), mid-CV (CV between 4 200 kcal/kg and 5 700 kcal/kg) and high-CV (CV above 5 700 kcal/kg) categories. In some cases, direct substitution between grades is feasible, and blending…

        Photo depicts open pit coal mining shutterstock 446818084

        • Contributor

        Johan Bracht

        Former Energy Analyst.

        • Contributor

        Ute Collier

        Former Senior Renewable Energy Analyst.

        • Contributor

        Krzysztof Bolesta

        Secretary of State, Ministry of Climate and Environment.

      Prev
      Next