Hot autumn weather drives Europe’s electricity prices sky high
Share article:
Share article:

Hot autumn weather drives Europe’s electricity prices sky high

Credit: Belga

While unexpectedly hot autumn weather has been seen as a bonus for many, the knock-on effect on Europe’s electricity matrix is causing electricity prices to skyrocket to make up for increased demand and reduced supply.

The hot weather has seen the need for airconditioning increase, but bad timing for renewables and Covid fighting measures have left the extra electricity in short supply.

Related News

Shorter days mean solar panels are less efficient than they would be in similar times of demand, while reduced wind means turbines barely supply any electricity. Furthermore, due to the Covid-19 crisis, the maintenance of many French nuclear power plants has been postponed and is currently taking place. In addition, due to the very low water levels of the major rivers in Europe, there is less cooling water available for the power stations.

Knock-on effect

The shortages are leading to high prices, especially in the evening hours: on the wholesale market, up to €400/MWh (megawatt hour) are paid for the supply of electricity between 7:00 and 8:00 PM.

“These prices can be compared to acute winter situations,” said Matthias Detremmerie, electricity trader for Elindus, an energy supplier to businesses.

With a 31.3 degrees reading, it’s the warmest 15 September in Belgium since the beginning of measurements, with the previous record (29.3 degrees) dating back to 1947. Weatherman David Dehenauw said that it’s the first time since 1919 that Belgium beat records two days in a row in September.

The Brussels Times

Latest news

Cinemas will require Covid Safe Ticket from Friday
The Covid Safe Ticket (CST) will be required to attend cinemas across Belgium from Friday, which marks the start of the autumn holidays, the ...
Disastrous year for Belgian beekeepers
Belgian beekeepers have experienced a disastrous year, with honey production 50 to 60 percent lower than last year due to heavy rainfall during ...
New measures for schools considered as situation becomes ‘untenable’
Belgium's various education partners met on Wednesday to discuss additional measures to implement in schools as the coronavirus situation worsens in ...
Belgium in Brief: Back To Masks
I really hope you didn't throw out all your masks. You'll be needing them again. Now I do appreciate that this isn't a huge change for ...
Belgium a climate slowcoach as EU reveals emissions progress
The European Union is on track to pass its first big climate test, according to new figures published this week. But Belgium has been singled out for ...
Limiting private contacts ‘needed to fight autumn wave’, expert warns
The Consultative Committee announced it is introducing a handful of measures in public spaces to control the quickening spread of the coronavirus, ...
Belgium’s decision on possible third shot postponed until Saturday
The decision on how Belgium will proceed with the roll-out of third shots of the coronavirus vaccine has been postponed until Saturday.  The news ...
Experts and politicians respond to new coronavirus measures
The handful of measures (re-)introduced by Belgium's Consultative Committee on Tuesday in response to the worsening coronavirus situation have had a ...
New fraudulent e-mails circulating in Belgium
A warning has been put out about new phishing e-mails that have been circulating since last Saturday and are sent from what could appear to be an ...
Belgian ‘Space Bakery’ project highlighted at World Expo in Dubai
The Puratos Space Bakery project is taking centre stage at the Belgian pavilion in Dubai, where the World Expo is taking place. This week is ...
Brussels metro lines disrupted by strike action
Four of the Brussels metro lines (M1, M2, M5, and M6) are delayed on Wednesday morning following union strikes commencing at 9:00 AM. The Brussels ...
Arrival of Dutch company will double the number of rental mopeds in Brussels
The arrival of 500 new e-mopeds from Dutch rental company GO Sharing will double the amount of rental mopeds in Brussels. While sometimes also ...