Insight
European power volumes and prices: 2022 in review
Report summary
The disruption suffered by European power markets in 2022 was staggering, with average power prices 6 to 7 times higher than pre-crisis levels. Russia’s invasion of Ukraine on February 24th was the defining moment of the year, and its subsequent weaponization of the gas supply prompted a major re-positioning of European energy policy. As gas prices spiralled, other factors – including the collapse of French nuclear output, historically low hydro reserves and a summer heatwave – collided to test power market resilience. By the end of the year, demand rationing measures were in place to safeguard security of supply. In this review of power volumes and prices in 2022, a development of our usual monthly volumes and price tracker, we examine Europe’s largest electricity markets, exploring key influences, events and market dynamics. The data supporting this report can be found in the accompanying download.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Europe power: 2023 in review
In this review of Europe's power volumes and prices in 2023, we explore key influences, events and market dynamics over the past 12 months.
$5,000
Insight
European power volumes and prices: H1 2023 in review
Europe's power sector has passed through the worst of the energy crisis, but the challenges it now faces are no less significant.
$5,000
Commodity Market Report
Latin America levelised cost of electricity 2023 (LCOE)
This report provides an analysis and outlook to 2050 for power technology and generation cost trends in Latin America.
$2,500