Short-term electricity also increased, along with the cost of using other energy sources. In France, on Monday he went up to his highest level since 2009 at auction, while the German contract soared to the highest recorded. Carbon emission permits increased 8.3% to 79.38 euros per ton.
Jeremy Weir, CEO of commodities trader Trafigura Group, warned last month that “Europe could experience continuous blackouts in the event of a cold winter”.
That was before Electricite de France said it was shutting down the reactors that accounted for 10% of the nation’s nuclear capacity, leaving the region at the mercy of the weather in the middle of winter in January and February, recalled the Bloomberg agency.
ELECTRICITY.jpg
Pixabay
With nuclear power outages, electricity producers will have to use more gas. Along the same lines, the increase in prices fuels the inflation, which adds to the spread of the Omicron virus variant just before the Christmas season.
Geopolitical tensions between Russia and Ukraine could also make things worse, with a possible invasion likely to drive prices up even more. Furthermore, Russia plans that gas flows to Germany through the key Yamal-Europe gas pipeline remain limited and are only partially used in January, which could force Europe to rely on its already weak inventories – they are at 60%, a all-time low for this time of year.
can’t be glimpsed no market stress relief as temperatures are expected to remain below normal levels in the UK, Denmark and northern Germany.
Electricity red.jpg
DCD IS
While traders hope that liquefied natural gas can help to some extent, due to lower demand in Asia, Freight diversions will take time and the increase in arrivals at European ports is unlikely to occur before January.
Meanwhile, it is expected that the wind power remains low in Germany until December 23. While in France and Great Britain generation is forecast to decline on Tuesday, which will cause more supply problems.
Genneia Energia Eolica .jpg
Photo: Geneia
By last, Temperatures are forecast to drop below zero degrees Celsius in several European capitals. A decrease that will affect power grids that already face low wind speeds and severe nuclear outages in France.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
