By Jo Nova
People forget that while electricity flows down those long interconnectors, sometimes high prices flow back the other way.
The Dunkelflute (wind drought) and a cold weather spell means electricity is at nosebleed prices. In southern Norway usually people pay €0.18 per KWh but the electricity price rose to over €1.12 per kilowatt hour for the highest cost hour last week. In southern Sweden the electricity used for a 10 minute shower cost €2.65 compared to €0.01 in central Sweden.
Montel Analytics forecast German wind output to drop to 2.8 gigawatts, compared to a normal capacity of 19 gigawatts at this time of year. The shift in weather has forced Germany to burn more fossil fuels, fire up coal power stations, and import energy from France…
In Germany consumer prices hit €936 per megawatt hour at one point last week because wind energy had failed. This was the highest level in 18 years. Things were so bad, companies stopped production in Germany.
Due to record-high electricity prices in Germany, several companies, including some that have been in operation for over a century, have been forced to halt production. Currently, electricity prices have reached […]
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