Falling water levels are exacerbating Europe’s energy crisis.

  • 15.07.2022
  • Bloomberg

Europe is sweltering under a heat wave that has pushed temperatures above 40 degrees Celsius (104 degrees Fahrenheit) in several countries. As households and businesses turn on their air conditioners, electricity demand has jumped and wholesale power prices have surged. But far more concerning — and far less discussed — is the drought spreading from Germany to Portugal that has the potential to worsen the current energy crisis for a lot longer than the current hot spell.