High temperatures, reaching up to 40 degrees Celsius, are impacting the European electricity market. Despite significant solar power generation, a lack of wind energy is contributing to supply challenges. Increased use of air conditioning during the heatwave is driving up electricity demand, particularly in the evenings. This surge in demand is causing electricity prices to spike after sunset. The situation highlights the interplay between renewable energy sources and climate-driven demand. The current conditions demonstrate the vulnerability of power grids during extreme weather events, even with increasing renewable capacity. Experts predict continued price volatility as the heatwave persists.
