During the 2022-2023 winter in Europe, you had both the war in Ukraine that led to drastic increase in natural gas prices as well as failing French nuclear power plants. Leading to high electricity prices in many European countries.
This led to Sweden becoming the biggest exporter of electricity, thanks much to the expansion of wind power. There this meant that some Swedish energy companies could make huge profit exporting electricity to the rest of Europe.
Sweden retained its position as the biggest net exporter of power in Europe during the second half of 2022.
www.powerengineeringint.com
While the big problem for some wind power companies was that they signed contracts to provide electricity at a very low price. There they planned to buy cheap hydropower during periods of less wind power. While the price of hydropower electricity got much more expensive because of the opportunity to export the electricity to to the rest of Europe at a very high price.
While the cost of electricity in Europe is now decreasing thanks to the expansion of renewable energy as well as that the French nuclear power plants have had less problems this winter. That the expansion of wind power and other forms of renewable energy in both Sweden and other European countries.
www.solarpowereurope.org
brusselssignal.eu
