Heat in Europe Pushes Electricity Prices Up, Forces NPPs to Shut Down: Reports
Heat in Europe Pushes Electricity Prices Up, Forces NPPs to Shut Down: Reports
The brutal heatwave across Europe (June 23-July 3) sent electricity demand soaring—up 7.5% EU-wide and 16% in Spain—while simultaneously crippling power supplies, media reported, citing the data provided by industry body Eurelectric.
Nuclear Plants Hit Hard
NPPs in France and Switzerland suspended or reduced their activity, as it is more difficult to cool reactors in hot weather (17 of France's 18 nuclear plants cut capacity).
Hydropower was also under intense strain.
Aging Grids Can't Cope
Europe's aging power grid and limited energy storage capacity, reportedly, may require trillions of dollars in investments to cope with the emerging challenges, such as:
▫rising green energy output,
▫growing electricity demand,
▫attempts to avoid blackouts.
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