Commodity market report
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16 Pages

Europe energy prices long-term outlook H1 2017

Europe energy prices long-term outlook H1 2017

Report summary

A slower recovery in oil prices is forecast as the gas oversupply intensifies, pressurising coal prices and exposing the European coal fleet to cost-driven closures in the medium-term.

This report provides H1 2017 European energy prices to 2035, including analysis of European gas price differentials. The related downloads provide data on energy prices and our country gas demand by sector to 2035.

What's included?

This report includes 3 file(s)

  • Europe energy prices long-term outlook H1 2017 PDF - 3.81 MB 16 Pages, 0 Tables, 16 Figures
  • Europe gas demand H1 2017.xls XLS - 1.35 MB
  • Europe energy prices H1 2017.xls XLS - 3.81 MB


Due to their sensitivity to political events and the global economy, energy demand and trade remain extremely volatile. The rapidly changing cost environment for hydrocarbon production and renewable energy, combined with energy policy changes, means the fuel mix in energy markets can be unpredictable at best. Further complicating the outlook is the transition and pace of the energy-intensive developing world from industrial to services-based economic growth, supporting the growing need for power generation.

This Energy Markets Long Term Outlook report provides a multi-fuel supply and demand forecast supported by a breakdown of the key facts.

Companies involved in all sectors of the energy industry can use this long term outlook report to assess inter-fuel dynamics and market drivers for strategic planning and investment opportunities. Use it to understand supply and demand fundamentals across hydrocarbon and renewables.

Analysing 92 markets and providing comprehensive coverage of global energy supply and demand, Wood Mackenzie is ideally placed to offer extensive expertise and robust knowledge of the energy markets sector. We write detailed supply and demand forecasts across all fuels and sectors based on our objective, proprietary data.

Whether you want an independent outlook on the market or to screen for opportunities in new markets, we help you understand global energy dynamics so you can shape your corporate strategy with confidence.

  • Executive summary
  • Prices
    • Gas prices
      • Demand growth can't contain oversupply…
      • …as key suppliers chase market share
      • The cash cost of US LNG will set European spot prices in the medium-term
      • Whilst competition builds across pre-FID LNG projects
    • Coal prices
    • Power prices
      • Difficult markets for conventional generators
      • Easing constraints give way to lower prices in coming years
      • Rising input costs support higher prices in the 2020s
    • ETS Carbon prices
      • Recent market trends
      • Energy policy development and the ETS
        • 2030 targets confirmed
        • The long-term role of EU emissions trading
      • Emissions (EUA) prices
  • Economic outlook
    • Q1 2017 GDP growth (2010-2035)

In this report there are 16 tables or charts, including:

  • Executive summary
  • Prices
    • Oil price forecast
    • Gas price forecast - Europe
    • Europe Gas Price Hubs
    • NBP - TTF differentials
    • PEG Nord - TTF differentials
    • GASPOOL - TTF differentials
    • PSV - TTF differentials
    • Spain LNG and Japan LNG - NBP differentials
    • Prices: Image 10
    • European power prices – annual base load
    • Clean spark spreads
    • Clean dark spreads (low efficiency)
    • Carbon (EUA) price forecast
    • Carbon (EUA) price and fuel switching cost in power
  • Economic outlook
    • Economic outlook: Image 1
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