Great Britain power market outlook to 2050: Q3 2022

This report presents our Q3 2022 long-term hourly outlook for the Great Britain power market. The market report and dataset provide projections out to 2050, commenting on market trends and the changing dynamics of price formation. The outlook takes into consideration the significant upheaval in power markets experienced in 2022, including high energy costs and emerging energy policy responses to the war in Ukraine. This outlook also incorporates Wood Mackenzie’s latest (Q3 2022) commodity price forecasts. The attached report includes capacity projections, supply-demand analysis, market prices, and technology capture prices. A commentary on key takeaways is also provided, along with a summary of changes since our last publication. Annual summary and granular hourly datasets are provided in the data files attached to this report. This outlook will also appear as a distinct case in the Europe Power Tool.