Dark Doldrums Overshadow Europe’s Energy Markets

Published On Dec 30, 2024, 12:00 PM

Northern Europe is experiencing challenges related to energy generation due to a weather pattern called Dunkelflaute, characterized by periods of low sun and wind. As countries shift toward renewable energy sources like solar and wind, reliance on these inconsistent sources has led to increased electricity prices and potential political tensions. With lesser power generation during these calm weather days, grid operators must depend on backup solutions such as natural gas generators to meet energy demands. This situation could disrupt energy markets further as Europe continues its journey towards cleaner energy alternatives.