After a sizzling June with heatwaves in the U.K., Scandinavia and northern France, next month is forecast to stay hotter-than-normal with the sunny weather seen boosting solar output and cutting power prices.An area of high pressure centered over northern Europe in June will shift more toward the central region, boosting output from solar panels in Germany, Europe’s biggest power market, according to brokerage Marex Spectron Group Ltd. All five forecasters in Bloomberg’s monthly weather survey agreed that next month will be warmer-than-usual for most of the continent.Sunny weather tends to have a big impact on power prices in Germany. The technology accounts for about a fifth of its total capacity and the nation has installed more panels than any other European country. While the hot weather boosts power demand for cooling in the south of the continent, the potential consumption increase isn’t as pronounced during hot weather in northwest or central parts.“We’re probably looking at lower prices,” said Giacomo Masato, an analyst and meteorologist at Marex Spectron in London. “The high pressure moving further south will maximize solar output in Germany.”German solar power production is forecast to peak next week at 28,795MW early afternoon on July 2, according to a… Read full this story
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