solar mounting structure
High temperature weather, causing electricity prices to rise in many countries
Jun 30 , 2023

The global weather is exceptionally hot, with consecutive days of high temperatures significantly increasing residents' electricity demand. Extreme weather has triggered a surge in overseas electricity prices, leading to a resurgence of power outage crises. There is a shortage of energy supply in Europe, and the abnormal high temperature and drought have significantly reduced the power generation of hydropower, nuclear power, and wind power; On the other hand, it has increased the electricity demand of European residents. Overseas electricity prices have skyrocketed, leading to a resurgence of power outages.

Last year, Europe implemented a mandatory policy of reducing electricity demand by 10%, which was issued in response to multiple factors such as extreme high temperatures and no wind conditions, a 15% year-on-year decrease in water and nuclear power output, and a Russian gas outage. At present, Europe's nuclear power production capacity and hydraulic balance are gradually improving, with gas storage capacity reaching 75%, while fossil fuel power generation profits remain negative. In addition, the rapid growth of new nuclear power units and wind and solar power units in Finland will support power supply, so the overall margin of the supply side is improving. But the electricity price is still very high.

Photovoltaics are the use of solar energy for power generation, which is particularly beneficial for areas with high temperatures and good lighting. Kinsend is committed to the installation and design of photovoltaic support systems, providing project design solutions for global customers. Please contact us:


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