Wind Power Surge Eases Supply Pressures; Energy Prices Volatile Amid Geopolitics
Wind power generation surged to a five-month high, helping to ease supply pressures and spot power prices. Meanwhile, European energy commodity prices fluctuated due to geopolitical speculation and supply dynamics.
Daniel Schmitt, CEO of Memodo in 2025, discussed intense price competition and oversupply in the residential photovoltaic market in an article by pv magazine. Despite reduced gas consumption, European storage levels reached 77 percent of capacity by month's end.
EDF maintained its nuclear power generation forecasts of 350 to 370 terawatt-hours for 2025, 2026, and 2027. Energy prices initially fell due to speculation about the end of the war in Ukraine and a robust supply situation. However, gas prices later increased as expected Russian volumes did not materialize. Demand remained subdued due to the absence of widespread heatwaves.
French nuclear power production stayed stable, with availability at its highest seasonal level since 2017. The restart of the Swiss nuclear reactor Gosgen was postponed to February 2026. The operating lives of British power plants 'Heysham 1' and 'Hartlepool' were extended by one year until 2028. CO2 prices remained stable, ranging between 71 to 74 euros per tonne in August, influenced by shipping industry integration expectations and decreasing free allowances.
Wind power generation's boost helped alleviate supply concerns, while energy prices experienced volatility due to geopolitical factors and supply conditions. Nuclear power generation forecasts and extensions maintained stability, with CO2 prices remaining steady.
Read also:
- Industrial robots in China are being installed at a faster rate than in both the United States and the European Union, as the global market for these robots faces a downturn.
- NATO's Massive Naval Drill Shows Unity Against Russian Aggression
- Undeads Games Reaches $30 Million TVL and Gears Up for MMORPG Debut
- Hyundai N affirms transition to hybrid performance-centric models, initiating with Tucson N
