RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2023-02-27 10:00:00

EUROPEAN ENERGY CRACK

EUROPEAN ENERGY CRACK

 

By TODD CARNEY  Writer, Freelance 

ENERGYCENTRAL - Feb 20, 2023 -  piece from Grid looked at how Europe will deal with the upcoming summer in terms of its grid. With winter coming to a close, it appears that Europe has survived the winter without major catastrophes. This was surprising to some because Europe’s environmental push and Russia’s invasion of Ukraine turned many of Europe’s energy policies upside down. While many would probably be upset over the quality of life aspects in Europe this winter, there was no major blackout that caused widespread deaths.

While this is something to celebrate, summer is only a few months away. Last summer was several degrees warmer than the modern historic average. This warming actually helped Europe beat the energy crisis this winter because Europe’s winter was also much warmer, which caused people to use the heat less. But even though Europe does not necessarily use air conditioning as much as places like the United States, some air conditioning is needed to save lives. If people are turning up their air conditioning in the face of increased heat, that could lead to the blackouts that everyone feared for the winter.

The increased heat does not just impact energy use, it could impact the availability of energy. A significant amount of Europe’s energy came from hydropower. Increased temperatures could lead to less water.

Furthermore, even though Europe has significantly cut its reliance on Russian gas, a lot of the storage that they used to cut the reliance was actually Russian gas from the past. So now there will not be anything to replace that storage. Additionally, the further entrenchment of the Russian war makes it unlikely that there will be any type of reconciliation anytime soon.

The undetermined factor is how hot this summer will be. While trends show a warmer summer, nothing is for sure until the summer actually comes. Europe got lucky this winter (granted from factors that would create a warmer summer), they could get lucky again.

This was a very informative article, but it could have discussed load management strategies that Europe could take. Additionally, while there is no getting Russian gas back for now, Europe could expand its nuclear energy, it would be interesting to see the capabilities for Europe there. No matter someone’s views on climate change and energy sources, most will likely admit these risky scenarios are from Europe not having a long-term plan to be energy independent. Europeans need to demand this kind of plan from their leaders.

-----

This thought leadership article was originally shared with Energy Central's Load Management Community Group. The communities are a place where professionals in the power industry can share, learn and connect in a collaborative environment. Join the Load Management group today and learn from others who work in the industry.

-----


Earlier:

EUROPEAN ENERGY CRACK
2023, February, 22, 11:35:00
EUROPEAN GAS CONSUMPTION DOWN
Overall gas use in the 27-nation European Union plunged by 19.3% from August to January compared with the five-year average for the same period,
EUROPEAN ENERGY CRACK
2023, February, 13, 13:40:00
EUROPEAN GAS PRICES DOWN AGAIN
Benchmark futures are now trading just above €50, near the lowest levels since September 2021.
EUROPEAN ENERGY CRACK
2023, February, 6, 13:05:00
RUSSIA'S GAS PRODUCTION DOWN
Russia’s natural gas production fell by more than 13% in 2022, according to preliminary data published by the Russian state statistics service Rosstat.
EUROPEAN ENERGY CRACK
2023, February, 3, 11:20:00
RUSSIAN GAS TO EUROPE DOWN AGAIN
Total Russian pipeline exports to Europe in January via the two remaining major supply routes were 36% down on deliveries in December and 79% lower year on year.
EUROPEAN ENERGY CRACK
2023, February, 1, 12:05:00
EUROPEAN GAS PRICES UPDOWN AGAIN
The cold spell next week signals the possibility of heavier withdrawals from the region’s gas storage sites, though inventories are still almost 73% full and well above average levels of the last five years.
EUROPEAN ENERGY CRACK
2023, January, 20, 11:40:00
EUROPEAN GAS PRICES DECLINE
Dutch front-month futures, Europe’s gas benchmark, were 2.8% lower at €59 a megawatt-hour by 8:29 a.m. in Amsterdam.
EUROPEAN ENERGY CRACK
2023, January, 16, 12:40:00
EUROPE NEED MORE LNG
Despite the adoption of the Versailles Declaration in March 2022, when leaders of the 27 EU member states pledged to phase out the EU’s dependence on Russian fossil fuels as soon as possible, imports of Russian LNG increased by 12% in 2022 compared to 2021.
All Publications »
Tags: EUROPE, ENERGY, GRID, ELECTRICITY