• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 6 days Does Toyota Know Something That We Don’t?
  • 6 days World could get rid of Putin and Russia but nobody is bold enough
  • 2 days America should go after China but it should be done in a wise way.
  • 8 days China is using Chinese Names of Cities on their Border with Russia.
  • 9 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 9 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 9 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 8 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 9 days Putin and Xi Bet on the Global South
  • 9 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 10 days United States LNG Exports Reach Third Place
  • 10 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Strong Winds Help Ease Europe’s Energy Crisis

Strong wind power generation with storms sweeping through northwest Europe this week are set to ease the power prices in major markets, while natural gas prices continue to tumble amid signs that the Russia-Ukraine standoff might not lead to an armed conflict.

Although storms could down power lines, the strong winds are expected to drive wind power generation to records this week, Bloomberg models show.

Low wind speeds and low power generation from wind farms were some of the reasons why Europe’s power prices shot up in the autumn and early winter of 2021, alongside low natural gas storage levels and subdued pipeline gas deliveries from Russia.

Now storms are nearing northwest Europe, with wind gusts set to push wind power generation in the biggest renewable electricity markets, the UK and Germany, to records.

Storms Dudley and Eunice, two deep low-pressure systems, will bring very strong winds and potentially snow to the UK this week, the UK’s Met Office warned on Tuesday. Both storms are likely to cause some disruption, and National Severe Weather Warnings have been issued. Storm Dudley will impact the northern half of the UK from Wednesday afternoon through to early Thursday, while Storm Eunice will bring strong winds and potentially some snow for parts of the country on Friday, the Met Office said.   

The weather forecaster of Germany, DWD, also issued official warnings, expecting “hurricane like” wind speeds. France is also on alert for strong wind speeds. 

The expected strong wind power generation is set to ease the power crunch in Europe, where wholesale power prices plunged on Wednesday on expectations of record wind power generation later in the week.

Europe’s benchmark natural gas prices continued to fall early on Wednesday, following the slump from Tuesday, on the back of signals that the Russia-Ukraine crisis may have started to de-escalate.


By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News