Stanislav Mitrakhovich, chief expert of the National Energy Security Fund and the Financial University under the Government of the Russian Federation, commented on analysts’ forecasts of an “energy storm” in the European Union due to heat.
In an interview with the Izvestia newspaper, the expert points out, commenting on the expectations of analysts, that there is a need for energy not only in winter, but also in summer.
“The need for energy arises in winter due to cold weather, the need to heat houses and buildings and increase electricity generation. In summer, peak energy consumption is associated with the use of air conditioners,” he says.
According to him, the West contributes to climate change, which led to an increase in average temperatures. However, this is due to the use of air conditioners, because heat has been around for thousands of years.
He says: “It can happen, for example, that there is not enough wind power, which leads to a decrease in electricity generation at wind farms. In winter it is cold and cloudy, there is no wind, the situation worsens. on energy consumption.
He adds that gas is widely used to offset rising electricity consumption, which drives up prices.
“Prices compared to previous historical periods are completely unequal, they are killing the industrial sector and will gradually pass to consumers in public places and apartment buildings,” he says.
The expert points out that the Europeans receive gas under previous contracts, so they do not feel the price increase. But when those contracts expire, they will have to buy gas at high prices.
He says: “Consumer prices will rise gradually, and this cannot be prevented at this stage. Therefore, they must either radically change relations with Russia, which is not expected, or reduce consumption according to certain criteria. How tough these measures will be depends on the weather and the cost of energy resources in winter.
Source: Izvestia newspaper.