According to a report by EnAppSys, renewable generation hit a record high in the European electricity market for the third quarter.
Compared to Q3 2022, renewable power generation increased by 12%. Driven mainly by wind generation which reached 95TWh compared to the same quarter the previous year of 84TWh.
Prices recently remained generally stable until there was a surge in pricing late August, mainly due to the announced strike by Australian LNG workers. In more recent news, the conflict between Israel and Hamas continues to impact the market with prices 25% higher than before the conflict started.
With uncertainty in the market, it is important to future proof your business’s operations.
Get on board with the rise of renewables, give us a call today for more information on the energy efficient solutions we offer.
