CFACT needs your help RIGHT NOW!
via CFACT
November 13, 2024 at 09:06AM
Citing montelnews, Blackout News here reports on the recent wind power slump experienced in Germany – due to stagnant weather conditions.
This winter’s energy supply for Germany looks bleak as experts warn of windless, sunless days ahead. Image: P. Gosselin
Wind power generation, dropped to its lowest level since 2014 and oil power generation increased to its highest level in four weeks, reaching 700 MW.
The wind lull highlights the vulnerabilities posed by relying too much on wind and solar energy, especially in the wintertime when Germany sees very little sunshine while occasionally getting periods of little wind in times of high energy demand.
Electricity prices soared to 800 EUR/MWh.
The lack of wind power last week led to a tighter energy market in Europe, particularly in central and northern regions and caused a surge in electricity prices, especially in short-term markets. Prices reached a two-year high, exceeding 800 EUR/MWh!
As a result, there’s growing concern about the potential for similar price spikes in winter if wind conditions remain weak. Germany’s economy has been battered for years by its dubious energy policies adopted by its previous governments over the past 25 years.
Fear of supply bottlenecks
Experts warn that wind power production is expected to be very low in the coming months, thus posing a threat of energy supply bottlenecks. As temperatures fall, energy demand, especially in France, is expected to rise significantly.
France can help only so much
France’s nuclear capacity can’t fully compensate for low wind power due to dependence on weather conditions. Germany has reduced its conventional power generation capacity by shutting down coal and nuclear plants and relies heavily on weather dependent power generation.
The implication for the coming winter is that Germany’s energy market faces a difficult period due to the combination of low supply and potentially high demand.
There’s a risk of energy shortages and rising prices in the coming months.
Donate – choose an amount
via NoTricksZone
November 13, 2024 at 08:59AM
Notably absent from this high-brow affair were major world leaders from China, India, Germany, France, Canada and the U.S.A.
via CFACT
November 13, 2024 at 08:20AM
By Paul Homewood
I asked the OBR for their projections of electricity prices which they used in the latest budget forecast:
Economic & Fiscal Outlook
.
As the OBR notes, 2025 to 2027 are based on expectations. The years after grow in line with inflation.
These assumptions are closely linked to their forecast for has prices – peaking in 2025, and then falling back.
.


https://obr.uk/download/economic-and-fiscal-outlook-october-2024/
What these projections tell us is that market prices of electricity will remain significantly lower than the CfD prices of offshore wind, except for next year when there will be parity.
We don’t know what might happen with the international market for gas in a decade or more time. But indications are that renewables will remain poor value for money for the foreseeable future.
via NOT A LOT OF PEOPLE KNOW THAT
November 13, 2024 at 08:20AM