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Europe's rising cooling demand impacts electricity use

Europe's rising cooling demand impacts electricity use

Severe heatwaves across Europe are leading to increased electricity demand due to the use of air conditioning units, impacting energy markets and straining the electricity grids. During the heatwave in June, electricity consumption in the European Union’s largest economies rose by up to 20%. The temperature spikes have caused electricity prices in European markets to rise, surpassing 200 euros per megawatt-hour in Germany and 160 euros in France. Additionally, wind power generation has been affected, leading to disruptions in energy supply. It is expected that cooling demand will continue to rise as temperatures remain high, while experts encourage improving the efficiency of air conditioning equipment and solar energy to meet future challenges.

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