Scorching Summer Forecasted for Europe – Energy Domino Effect Possible

The meteorological forecasts are extremely ominous this year, as experts anticipate very hot conditions across Europe, particularly in the south and east. As noted by Atmospheric G2 meteorologist Tony Croford in a Montel report, “We expect another unusually hot summer, especially in southern and eastern Europe. Long-term predictions show the most impressive intensity and extent of temperature anomalies we’ve seen so far.” The impact of high temperatures is expected to be significant in the energy sector, affecting not only demand but also the availability of hydroelectric reserves and nuclear power plants. In previous years, we’ve witnessed French nuclear stations shutting down due to excessively warm river water used for cooling. Since France is the largest electricity exporter in continental Europe, any loss of nuclear capacity could limit exports to neighboring countries, potentially triggering a domino effect on rising prices that could reach even the Balkans. A hot summer also means prolonged drought and water shortages, already affecting regions like Greece. Hydroelectric reservoirs are depleting, leading to increased production from conventional units or imports, which raises costs for consumers. According to Montel, European hydroelectric production in May hit an eight-year low for the season. Whether July and August will bring similarly high prices as last year remains to be seen. Last year, domestic market prices surged above €200 for several days, with average prices at €130 in July and €137 in August, prompting government subsidies for households. The Ministry of Environment has pledged similar action if necessary this year, though hopes remain that increased renewable energy penetration may balance out monthly fluctuations.