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Coal prices

  • 06-09-2022 3:39pm
    #1
    Toodles_27
    Registered Users Posts: 181 ✭✭


    Thought a thread on this might be helpful coming into the winter, similar to the oil thread:

    • 40kg bag €30 in Downes on bloodmill road


Comments

  • #2
    geotrig
    Registered Users, Registered Users 2 Posts: 1,837 ✭✭✭geotrig


    seems pricey has coal gone up that much ? last i paid 2-3 years ago was €16* something for 40kgs bag of polish



  • #3
    Toodles_27
    Registered Users Posts: 181 ✭✭Toodles_27


    Was €18 last year…..



  • #4
    davo2001
    Registered Users, Registered Users 2 Posts: 3,321 ✭✭✭davo2001


    https://www.boards.ie/discussion/comment/119586782#Comment_119586782

    Correct, you can thank Eamon Ryan and the cardon tax introduced in May for the increase.



  • #5
    walterking
    Registered Users, Registered Users 2 Posts: 1,297 ✭✭✭walterking


    https://www.boards.ie/discussion/comment/119594384#Comment_119594384

    The carbon tax increase last May added about 70c


    Coal is an internationally traded commodity and prices move constantly. It is also traded in US dollars

    With gas gone into the stratosphere many countries have turned back on their coal burning electricity generators.


    Last December a metric tonne of coal cost $150 on commodity markets - this effective is what the coal mines were getting. The dollar was at $1.13, so the Euro cost was about €132 per ton. 25x40kg bag in a tonne, so net cost price €5.28. (then add shipping, bagging distribution, carbon tax, vat & retail markup and you are circa €16-€18 for bog standard coal)


    Today a metric tonne is $421. The dollar is at parity, so €420 for tonne. That's €16.80 per 40kg bag at the coalmines in bulk lots of thousands of tonnes.

    Carbon tax is €4.28 on a bag.

    Then you have shipping from the mines, (gone up in price too) bagging, distribution and retail and then vat.

    And that brings you to €35-€40 for a standard bag.



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