France's power market is dominated by nuclear power - the legacy of the major programme of reactor construction undertaken during the 1970's with the objective of reducing the country's dependence on foreign fuel imports. France is now in the process of developing a new generation of nuclear reactors, with the commencement, at the end of 2007, of construction on a 1,600 MW plant at Flamanville - employing so called Generation III+ PWR technology.
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The power sector is rapidly transitioning to a cleaner generation mix supported by technological and regulatory changes. Regional markets and structures are adjusting to these new realities with implications on fuel demand, commodity pricing and asset values.
This Power Markets Long Term Outlook report provides a detailed analysis of supply, demand and price fundamentals, as well as the regulatory and market issues affecting regional power markets.
Use this report to examine key issues driving regulatory and economic trends and identify future growth opportunities in regional power markets.
Wood Mackenzie's detailed analysis and reliable market forecasts give you a strong foundation for your investment decisions and corporate planning. Our experienced power research analysts use high-quality proprietary gas, coal and oil markets research to help you unlock power market fundamentals and identify future growth opportunities.
Nuclear continues to dominate despite policy uncertainty
Power supply by source
Policy on energy transition edges forward
Flexible supply delivered by capacity mechanism
Renewable targets beyond the reach of the power sector in 2020
GDP forecast - France
French power network
Policy and regulation
Key bodies, legislation & targets
Maintaining adequate supply at peak
Feed-in tariff levels by technology (as of November 2013)
Energy policy reform
Forecast power demand by sector
Capacity developments and forecast
Coal and oil
Overall capacity and peak margins
Total capacity by fuel
Annual generation by source
Generation by source
Changes in power supply between forecasts
Renewable power generation target and forecast (excluding hydro)
Europe's largest exporter of power maintains its role
Nuclear policy risk to cross-border flows
Annual wholesale power prices
Annual wholesale price
Spark and dark spread - fuel and emissions
In this report there are 19 tables or charts, including:
Executive summary: Image 1
Economic outlook: Table 1
Economic outlook: Image 1
Market structure: Table 1
Policy and regulation
Policy and regulation: Table 1
The liberalisation of France’s gas and power markets has been progressed largely in line with EU Directives, although a number of deadlines for key milestones in market opening were missed along the way, prompting threats of legal action from the European Commission. From July 2004, the gas and power markets were open to competition in all end-user sectors, with the exception of the residential market, with full market opening occurring from July 2007. Still, the markets continue to be dominated by the respective incumbents, not least because these suppliers have been able to continue to offer regulated tariffs.
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France power markets long-term outlook H2 2014
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