We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 


European power volumes and prices: 2021 in review

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

19 January 2022

European power volumes and prices: 2021 in review

Report summary

European power markets faced extraordinary conditions in 2021 as the worst effects of the pandemic gave way to the crisis of record high costs. The unprecedented extent of these conditions exposed underlying fragilities in power systems and lay bare the challenges of accelerating the energy transition. As commodity prices escalated in Autumn and higher input costs filtered through to the power sector, record prices were registered on almost a daily basis, a situation exacerbated by plant availability issues and low wind speeds. Energy costs are now top of the political agenda. In this review of power volumes and prices in 2021, a development of our usual monthly volumes and price tracker, we examine Europe’s largest electricity markets, exploring key influences, events and market dynamics in the past 12 months. The data supporting this report can be found in the accompanying download.

Table of contents

  • From the ashes of the pandemic, a new crisis unfolds

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Europe Power Review 21.pdf

    PDF 1.11 MB

  • Document

    Power Data Pack Jan 22.xlsx

    XLSX 19.70 MB