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Stock impact report

A weather phenomenon dubbed ‘Dunkelflaute' is causing havoc in Germany and pushing energy prices to 2-decade highs [Fortune]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Fortune
A Dunkelflaute, translated as “'dark doldrums” or “dark wind lull,” is the bain of renewables companies, with an extended period of low wind and cloudy weather hurting their ability to generate electricity from either wind or solar. Montel Analytics forecast German wind output to drop to 2.8 gigawatts, compared to a normal capacity of 19 gigawatts at this time of year. The shift in weather has forced Germany to burn more fossil fuels, fire up coal power stations, and import energy from France to meet an electricity demand shortfall. Data from EpexSpot and reported by The Telegraph showed prices for power in the window jumped above €900 per megawatt hour on Wednesday, the highest level recorded in 18 years. Wind turbines generate power in a fashion similar to a yield curve, with turbines optimized to handle a predicted wind speed. A drop in wind levels below the optimal speed leads to a disproportionate reduction in the amount of power generated. The problem isn't just affecti Show less Read more
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