The European electricity system is preparing for the colder months with an improved and more optimistic adequacy outlook than last year and with limited risk for energy supplies. The main risks to supply are associated exclusively with weather conditions. These are the takeaways from the Winter Outlook published a few days ago by ENTSO-E, the european network of transmission system operators for electricity, which provides an overview of the security of the electricity supply across Europe for winter 2023–2024.
More specifically, development of new production capacity, particularly renewables, and lower energy consumption, with clear economic and environmental benefits, have reduced the risk of supply outages for the coming European winter compared to last year. The increase in renewables has more than offset less generation from traditional sources, resulting in more generation facilities than last winter. Confidence in energy security for the winter ahead is further strengthened by record continental gas storage, which reached 99.4% capacity at the start of November. This also means less reliance on other countries.