European wind power generation plummets, evening electricity prices soar above 600 euros
2026-11-09 16:52:20
According to CoinMeta, during the peak electricity consumption period on Monday evening in Europe, electricity prices soared above 600 euros per megawatt-hour, highlighting how tense the power market supply can become when renewable energy generation is weak. According to forecasts from government and commercial meteorological agencies, a slow-moving weather front will bring calm and overcast conditions to some of Europe's major power markets, with wind and solar power generation expected to remain low until Wednesday. The situation is expected to be particularly severe in Germany, the UK, and the Benelux countries. The UK's power grid operator has warned that as a result, electricity supply may become tight on Monday morning, with an estimated shortfall of about 1.4 gigawatts. Meteorologists from the meteorological agency metdesk stated that temperatures this week are expected to be 1 to 3 degrees Celsius lower than normal, and the increased demand for heating could further exacerbate the tension in the power market. The continuous pressure on the power market is also reflected in the high futures prices. The prices of December electricity futures contracts for Germany and France on the European Energy Exchange (EEX) have approached 200 euros per megawatt-hour, more than double the level of a year ago.
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Source:Jin10 Data
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