Energy crisis in Europe worsens and creates uncertainty

2 min. reading
Clean energies, Distributed energy, Renewable energy / 13 June, 2022
Energy crisis in Europe worsens and creates uncertainty

Andrea Daly Aurenty Journalist

The energy crisis in Europe is one of the most analyzed topics of 2022. The financial consequences on the common citizen have been shocking and have led the authorities of many countries to look for ways to reduce the impact, which has been a great boost for green energies.

The high costs to which electricity has reached have led experts and authorities to streamline ways of generating energy that do not depend on gas, in order to reduce its price.

During the month of May, electricity prices fell considerably thanks to an increase in temperatures that paved the way for greater use of solar photovoltaic, thermosolar and wind energy production. However, maintaining this cost reduction during colder times continues to represent a challenge for the authorities.

At the same time that Europe seeks to prepare plans to cope with the winter and be able to supply homes and businesses with the energy they need, an event occurs that completely changes priorities.

Energy storage and its future potential

Energy storage and its future potential

We are facing a third industrial revolution that consists not only in the detachment from fossil fuels and the use of renewable and/or clean energies, but also in their storage.

Russia threatens to turn off the tap

After talks that were based on a major change in contracts with Russia, the country made the abrupt decision to close one of the most important gas pipelines, as well as cede control of the plant to Gazprom Germany.

This has alerted the whole of Europe to generate an emergency plan based on “closing the tap” on more gas pipelines, which could have serious consequences throughout the continent.

The European Commission then prepares a possible price control, as well as a coordinated plan to reduce energy demand and urge potential new suppliers to be prepared in the event of a total supply cut.

Boosting the green energy industry

This situation, which continues to be one of the pillars of 2022, may be the necessary impetus to create the appropriate infrastructure for the use of green energies.

The pressure generated by Russia undoubtedly puts this infrastructure in the background, since the continent must prepare for an event in which green energies cannot cope on their own, but it is presented as an opportunity to rethink how energy is obtained. and look for alternatives.

An uncertain future

The next actions of both sides are key to decision-making regarding the energy crisis, which generates greater concern as winter approaches.

At a micro level, the common citizen continues to experience a sharp price increase that, although it has been at its lowest point in recent days, continues to be 97.92% more expensive compared to May 2021.

Uncertainty reigns around the gas industry but it is one more call for attention to promote the use of green energies that allow independence from the main exporters and possible conflicts.

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