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More Wood Pellet Supply Woes
More Wood Pellet Supply Woes
Wood Pellets, like oil, are now an international commodity with prices being driven on a world wide market.
An estimated 60% of new homes built in Europe are using wood pellet heating instead of electricity, oil, or natural gas heating. In some countries, entire towns and villages are generating electricity and heat with wood pellets. In the USA and estimated 120,000 pellet stoves were sold last year. This is up a massive 76% on the previous year. Problem is that supply of fuel is not catching up fast enough.
Prices of wood pellets in the US went up again recently from about $180 a ton to $195 to $200. Same story in Ireland. Maybe next year supply will be up but you can rest assured that prices will also be up.
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An estimated 60% of new homes built in Europe are using wood pellet heating instead of electricity, oil, or natural gas heating. In some countries, entire towns and villages are generating electricity and heat with wood pellets. In the USA and estimated 120,000 pellet stoves were sold last year. This is up a massive 76% on the previous year. Problem is that supply of fuel is not catching up fast enough.
Prices of wood pellets in the US went up again recently from about $180 a ton to $195 to $200. Same story in Ireland. Maybe next year supply will be up but you can rest assured that prices will also be up.
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