Commodity market report
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21 Pages

Italy power markets long-term outlook H2 2014

Italy power markets long-term outlook H2 2014

Report summary

Italy's reliance on gas generation has supported power prices above those in neighbouring markets, although Italy’s dependence on power imports is also a major factor in pricing.  Imports will remain an integral part of the power supply mix, but volumes will fall as cross-border price differentials diminish.

What's included?

This report includes 2 file(s)

  • Italy power markets long-term outlook H2 2014 PDF - 422.50 KB 21 Pages, 4 Tables, 14 Figures
  • Italy Power H2 2014.xls XLS - 766.50 KB


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.

  • Executive summary
    • Gas and renewables dominate supply
    • Emissions legislation curtails the contribution of coal and oil
    • Factors combine to ease pressure on Italian power prices
  • Economic outlook
  • Market structure
    • Power utilities & networks
  • Policy and regulation
    • Key offices, legislation and structure
      • National Energy Plan (2013)
      • Green certificates (Certificati Verdi) and tender process
      • Feed-in and premium tariffs
      • Incentives for Solar PV - Conto Energia IV and V
      • Capacity reward mechanism
  • Demand
    • Residential demand
    • Industrial demand
    • Commercial/other demand
    • Energy industries
    • Losses
  • Supply
    • Existing capacity
    • Capacity developments and forecast
      • Gas
      • Renewables
      • Coal and oil
      • Nuclear
    • Peak demand and margins
  • Supply-demand balances
    • Annual generation by source
      • Generation by source
      • Changes in Italian power generation between updates
  • Trade
    • European largest power importer sees volumes reduce over time
  • Prices
    • Annual wholesale power prices and spreads

In this report there are 18 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
  • Economic outlook
    • Economic outlook: Table 1
    • GDP forecast - Italy
  • Market structure
    • Market structure: Table 1
  • Policy and regulation
    • Key offices
    • Policy and regulation: Table 2
  • Demand
    • Power demand by sector
  • Supply
    • Supply: Image 1
    • Supply: Image 2
    • Generation capacity by fuel
    • Supply: Image 4
    • Supply: Image 5
  • Supply-demand balances
    • Supply-demand balances: Image 1
    • Supply-demand balances: Image 2
    • Supply-demand balances: Image 3
  • Trade
    • Net imports
  • Prices
    • Wholesale prices and supply costs
    • Spark and dark spread - fuel and emissions
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