Quote:
Originally Posted by PeteMoss
Isn't the Germany issue related to the fact natural gas prices are rising?
|
It's that, and a not particularity windy period:
Quote:
Energy prices in Europe have hit records due to a shortage of natural gas and much lower than expected wind power output, the Wall Street Journal has reported. Some countries have even been forced to restart coal power plants to ensure enough electricity reaches consumers.
The UK is suffering the most from the drop in wind power output, caused by mild weather. The country, which prides itself on its wind capacity and whose Prime Minister last year said wind farms could power every home by 2030, produced less than 1 GW of wind power on several days. This compares with a generation capacity of 24 GW, according to ICIS senior energy economist Stefan Konstantinov.
Gas prices, meanwhile, are running at record highs because of the asynchrony in demand—spurred by the reopening of EU economies after lockdowns—and supply, which has been constrained because the EU is not the only region where economies are reopening after lockdowns.
|
https://ca.finance.yahoo.com/news/eu...143000634.html