Low wind power generation in Europe has led to increased reliance on fossil fuels and soaring electricity prices, raising concerns about energy security and the transition to cleaner energy.
Falling wind power generation has tightened power markets in Europe this week, with Wednesday electricity prices in Germany hitting their highest since the peak of the energy crisis in 2022. Wind speeds in the UK and Germany have slumped this week in the so-called ‘Dunkelflaute’ period in which there is a lull in wind speeds. This has sent power prices in northwestern Europe an countries surging and nations have had to rely more on fossil fuels such as natural gas to meet demand.
Germany has also seen low wind speeds in recent days, and power prices for the peak hours on Wednesday surged to the highest level since the height of the energy crisis in 2022, according to data compiled by Bloomberg. Germany’s hourly power price for the peak hours on Wednesday surged to as much as $967 900 euros per megawatt hour MWh. That was the highest hourly price level in Europe’s biggest economy since the end of the summer and early autumn of 2022.
Wind Power Energy Crisis Natural Gas Electricity Prices Renewable Energy Fossil Fuels Energy Security Climate Change Energy Transition
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