Bloomberg said the price of electricity in Germany will rise due to the decline in wind power generation

In the near future in Germany due to the cold weather, wind power generation will decrease, which may increase electricity prices and dependence on coal and lignite power plants. This was reported by Bloomberg on Friday, November 29.

According to forecasts, electricity prices are expected to rise by 3% next week as demand for more expensive and less environmentally friendly energy sources continues to grow.

The situation is exacerbated by the Dunkelflaute phenomenon - periods when renewable energy production virtually ceases. Low wind and solar power generation increases the burden on traditional power plants, the agency said.

Earlier, on November 23, Bloomberg reported that Europe is threatened by a new gas crisis. One of the key factors that may contribute to a further increase in prices for the resource in the near future is the termination of pipeline gas supplies from Russia, which is still purchased by a number of European countries, the article specified. In addition, delays in the supply of liquefied natural gas from the United States and cold weather during the winter period may also contribute to the increase in cost.

On the same day, Deputy Chairman of the Russian Security Council Dmitry Medvedev said that residents of European countries are freezing due to the cessation of Russian gas supplies to European countries.

Back in October, Gazprom CEO Alexei Miller said at a plenary session of the St. Petersburg International Gas Forum that Europe's policy on the gas market could lead to a new gas price shock and supply disruptions. He called the situation on the European gas market bad and agreed with the assessment that the demand for energy resources there is being destroyed purposefully.