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Last update: August 25, 2022

Electricity crisis: These are the causes

The gas crisis is now being joined by the climate crisis. The extraordinary scale of the drought that is currently affecting Europe puts pressure on power generation. In the domino game of the European internal energy market, this does not bode well for next winter.
It's another piece of bad news for European consumers: Norway, a major exporter of electricity, has announced that it may suspend its energy exports to the EU in the coming months. The reason: Unusually empty water reservoirs that feed the country's 1700 hydroelectric plants. They generate more than 90 percent of the country's power.
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