Commodity market report
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12 Pages

ERCOT power markets long-term outlook H2 2013

ERCOT power markets long-term outlook H2 2013

Report summary

Five years since the Great Recession the ripple effects continue to be felt throughout the global economy. Going into 2014, an upward momentum is expected to be driven by the developed world, in particular the US, as business investment and employment gains materialize. While we expect a relatively robust 2.8 percent GDP growth in 2014, a long-term growth of 2.5 percent per annum (p.a.) is expected over the longer term, supported in part by oil and gas activity. The improving global outlook is not without risks as the US Federal Reserve is expected to begin tapering its enormous quantitative easing (QE) program within the next few months. While Wood Mackenzie's outlook accounts for such an unwind, risks stem from potential deleterious impacts, if such an unwind proves to be a messier affair.

What's included?

This report includes 18 file(s)

  • ERCOT power markets long-term outlook H2 2013 PDF - 314.09 KB 12 Pages, 0 Tables, 0 Figures
  • NAPS LTV Base Case Report 11 15 2013.pdf PDF - 4.33 MB
  • NAPS LTV Regional Supply Stacks 11 15 2013.pdf PDF - 1.05 MB
  • NAPS LTV Capacity Prices ERCOT 11 15 2013.xls XLS - 543.50 KB
  • NAPS LTV Coal Retirements ERCOT 11 15 2013.xls XLS - 205.00 KB
  • NAPS LTV Delivered Fuel Prices Real ERCOT 11 15 2013.xls XLS - 357.50 KB
  • NAPS LTV Delivered Fuel Prices Nominal ERCOT 11 15 2013.xls XLS - 359.50 KB
  • NAPS LTV Emission Prices Nominal ERCOT 11 15 2013.xls XLS - 166.50 KB
  • NAPS LTV Emission Prices Real ERCOT 11 15 2013.xls XLS - 166.50 KB
  • NAPS LTV Load Forecast ERCOT 11 15 2013.xls XLS - 655.50 KB
  • NAPS LTV MacroEconomics Assumptions ERCOT 11 15 2013.xls XLS - 995.50 KB
  • NAPS LTV Prices Sparks IHR Darks Nominal ERCOT 11 15 2013.xls XLS - 13.69 MB
  • NAPS LTV Prices Sparks IHR Darks Real ERCOT 11 15 2013.xls XLS - 13.70 MB
  • NAPS LTV Projects In Development ERCOT 11 15 2013.xls XLS - 862.00 KB
  • NAPS LTV Supply Demand Energy ERCOT 11 15 2013.xls XLS - 2.51 MB
  • NAPS LTV Renewable Energy Credit Prices ERCOT 11 15 2013.xls XLS - 4.56 MB
  • NAPS LTV State RPS Targets ERCOT 11 15 2013.xls XLS - 423.00 KB
  • ERCOT Regional Market Overview [Read-Only].pdf PDF - 2.11 MB


The power sector is rapidly transitioning to a cleaner generation mix supported by technological and regulatory changes. Regional markets and structures are adjusting to these new realities with implications on fuel demand, commodity pricing and asset values.

This Power Markets Long Term Outlook report provides a detailed analysis of supply, demand and price fundamentals, as well as the regulatory and market issues affecting regional power markets.

Use this report to examine key issues driving regulatory and economic trends and identify future growth opportunities in regional power markets.

Wood Mackenzie's detailed analysis and reliable market forecasts give you a strong foundation for your investment decisions and corporate planning. Our experienced power research analysts use high-quality proprietary gas, coal and oil markets research to help you unlock power market fundamentals and identify future growth opportunities.

  • Executive summary
  • Economic outlook
  • Demand
  • Policy and regulation
    • Environmental policy
    • Renewable energy policy and trends
  • Costs
    • Natural gas
    • Coal
  • Supply
    • Generation supply
  • Trade
    • Transmission
  • Prices
    • Energy prices
    • Capacity Prices
      • New York Installed Capacity Market (ICAP)
      • ISO New England Forward Capacity Market (FCM)
      • Midwest ISO Resource Adequacy Requirement (RAR)
      • PJM Reliability Pricing Program (RPM)
  • Risks and uncertainties
    • Conclusions
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Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.