(Original title: Santa sends heat, warming Europe will ease pressure on food)
Zhitong Finance APP has learned that most of Europe is expected to usher in warm weather during the Christmas season. While it reduces the chance of white snowflakes falling on Christmas, it relieves pressure on the power grid in the region. Temperatures in Paris and Frankfurt are expected to be about 7 degrees Celsius above the winter seasonal average on Friday, with similarly warm weather expected to continue into the first week of January, according to a report from Maxar Technologies Inc. Warmer weather will ease pressure from the cold. offer on the market that the European energy system has previously faced due to cooling.
Currently, gas prices in Europe have fallen for the fifth consecutive day and the region’s natural gas storage capacity is still at 83%. With most offices and businesses closed during the Christmas holidays, regional demand for electricity and natural gas is expected to continue to decline in the future.
Wind power supply in Germany is also expected to peak at around 15,100 MW on Friday local time and around 19,400 MW by 11 am on Thursday, according to EEX data.
(Temperatures in NW Europe will warm up for Christmas)
Additionally, the winter weather in the Nordic region will remain cold and may be accompanied by snowfall. According to Maxar, temperatures in Oslo on Christmas Eve could be 11°C below the seasonal average.
