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Europe power long-term sensitivity: Impacts of wind and solar variability (Nov 22 base case)
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Report summary
This ‘weather sensitivity’ case examines the impact of wind and solar variability on major power markets in Europe. The analysis adapts the assumptions supporting our Q3 2022 (November) base case outlook, providing a set of six sensitivity cases. Against a background of sustained, high-levels of investment in variable renewable energies, with wind and solar continuing to represent the mainstays of growth in the sector, this sensitivity explores the impact of alternative within-year patterns of wind and solar availability on price formation, market balance and curtailment.
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