Commodity market report

Europe power markets long-term outlook H2 2015

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

The continuing pursuit of environmental targets presents a mounting challenge to Europe s power markets and the companies operating in them. With power demand suffering from the prolonged after effects of economic recession and strong growth in incentive driven renewable supplies wholesale power prices are experiencing a period of significant weakness and are well below the level required to incentivise investments in conventional plant.

What's included

This report contains

  • Document

    Europe Power H2 2015.xls

    XLS 4.35 MB

  • Document

    Europe power markets long-term outlook H2 2015

    PDF 451.66 KB

  • Document

    Europe power markets long-term outlook H2 2015

    ZIP 1.07 MB

  • Document

    Executive summary

    PDF 120.19 KB

  • Document

    Demand

    PDF 92.74 KB

  • Document

    Supply

    PDF 188.29 KB

  • Document

    Supply-demand balances

    PDF 108.65 KB

  • Document

    Risks and uncertainties

    PDF 91.91 KB

Table of contents

    • Power sector transition is critical to the delivery of EU climate-energy policy
    • Coal’s prospects deteriorate further as cost and policy pressures mount
    • In major markets power supply from gas will peak in the mid-2020s
    • The power sector rises to the challenge of renewable targets
    • The challenges of de-carbonising power
    • Slow recovery and continued weak demand in mature markets
    • Industrial transition provides contrasting growth prospects
    • Residential and commercial demand offset by efficiency improvements
    • Electric vehicles provide some support to demand
      • Low carbon growth puts pressure on conventional technologies
      • Rising costs force the reassessment of support measures
    • Post-2020 policy targets guide investment
    • The changing role of conventional capacity
      • Gas replaces lost output from coal, oil and nuclear
      • Substantial decarbonisation as renewable growth continues
      • Coal's decline gathers pace as capacity retirements mount
    • Fuel & emissions cost uncertainty
    • Expansion of nuclear new-build
    • Renewable power costs and support – drivers or barriers to growth?

Tables and charts

This report includes 11 images and tables including:

Images

  • European power supply by source
  • Renewable electricity supply and targets
  • Electricity demand
  • Break-even costs of new-build technologies (LRMC)
  • Long-run economics of gas and coal generators – fuel and emissions cost parity
  • Growth in renewable generation capacity and share of total supply
  • Cost of renewable support per unit of total power supply (2012)
  • Power supply by source
  • Carbon intensity of power supply (ETS markets only)
  • Power supply - change between forecasts

Tables

  • Capacity market and strategic reserve arrangements in European power markets

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898