Name: Europe power markets long-term outlook H2 2019
Brand: Wood Mackenzie
SKU: 125311
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Author: Wood Mackenzie

Commodity Market Report 10 February 2020

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Relative movements in fuel prices and higher carbon costs had a major impact on the economics of conventional thermal generators in 2019, reordering the cost curve of supply in favour of gas. Gas' pivotal role in the supply mix will continue through the 2020s as coal and nuclear decline, before being squeezed by renewables as the pressure to meet net-zero targets intensifies. We expect the renewable share of EU-28 power supply to rise from around 36% in 2019 to 65% by 2040. This report presents our long-term outlook for European power to 2040 – including analysis of regional trends, overviews of annual power prices in key markets and country-level supply-demand balances.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

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        <a href="#32ef7810-e1f8-4cb6-b13a-5c6475e2736a" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="32ef7810-e1f8-4cb6-b13a-5c6475e2736a" aria-expanded="false">
            European power – preparing to go up a gear?
        </a>
        <ul id="32ef7810-e1f8-4cb6-b13a-5c6475e2736a" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        2019 market trends – fuel and carbon price movements reshape the supply stack
    </li>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
        <li class="list__item push-quarter--bottom">European power supply - change between 2019 H1 and H2 forecasts</li><li class="list__item push-quarter--bottom">Renewable electricity supply share - outturns and targets</li><li class="list__item push-quarter--bottom">Power supply mix (EU-27 + UK)</li>
    </ul>

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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Europe power markets H2 2019.xlsx</p>
<p class="uppercase delta">
    <span>XLSX</span>
    <span>1.47 MB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Europe power markets long-term outlook H2 2019.pdf</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>1.31 MB</span>
</p>
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