Germany Burns More Gas as Renewables Falter Ahead of Winter
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مدعوم بالذكاء الاصطناعيGermany is increasing its reliance on gas-fired power generation due to underperforming renewables, hindering EU efforts to replenish gas storage before winter. This increased gas consumption represents the highest level since 2021, accounting for 19% of Germany's total electricity production from January to October.
Market impact analysis based on bearish sentiment with 90% confidence.
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Germany is generating electricity from gas-fired power plants at the highest rate since 2021, slowing EU-wide efforts to refill gas storage ahead of peak demand season. Reuters’ Gavin Maguire reports that over the period January to October, Germany generated 41.6 GWh of electricity from gas-fired plants, according to data from LSEG. This amount represented 19% of total electricity production in the period, which is the highest portion of the energy since even further back than 2021. According to climate advocacy outlet Ember, as quoted by…
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