Commodity market report
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19 Pages

Spain power markets long-term outlook H1 2014

Spain power markets long-term outlook H1 2014

Report summary

Up until the beginning of the recession in 2008, the Spanish power market had experienced a period of significant expansion, with rates of growth far in excess of those recorded in any of Europe’s other well-established energy markets.  New gas-fired generation was employed as a key building block of this expansion, with significant growth in CCGT capacity and output.  Spain has also attracted considerable investment in renewable capacity, predominantly onshore wind and, more recently, solar PV.

What's included?

This report includes 2 file(s)

  • Spain power markets long-term outlook H1 2014 PDF - 400.13 KB 19 Pages, 3 Tables, 14 Figures
  • EGAPS Spain Power H1 2014.xls XLS - 792.50 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
    • Expansion and investment replaced by oversupply and restraint
    • Strong growth in renewables gives way to market restraint
    • Indigenous coal receives state support, but the fuel's long term prospects remain poor
  • Economic outlook
    • GDP forecast - Spain
  • Market structure
  • Policy and regulation
    • key offices and dimensions
      • Key offices
    • Ordinary regime
    • Special regime
    • The tariff deficit
    • Support for indigenously-produced coal
  • Demand
    • Forecast power demand by sector
      • Residential demand
      • Industrial demand
      • Commercial/other demand
      • Energy industries
      • Losses
  • Supply
    • Existing capacity
    • Capacity developments and forecast
      • Gas
      • Renewables
      • Nuclear
      • Coal
  • Supply-demand balances
    • Annual generation by source
      • Renewable power generation target and forecast (excluding hydro)
  • Trade
  • Prices
    • Annual whole power prices and spreads
      • Hydro output and low demand weakens prices in 2014
      • Base load gas remains unattractive for several years
        • Spark and dark spread – fuel and emissions

In this report there are 17 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
  • Economic outlook
    • Q1 2014 Economic indicators (2005-2030)
    • Economic outlook: Image 1
  • Market structure
  • Policy and regulation
    • Policy and regulation: Table 1
    • Policy and regulation: Table 2
  • Demand
    • Power demand by sector
  • Supply
    • Existing capacity
    • Forecast new capacity
    • Generation capacity by fuel
    • Supply: Image 4
    • Reserve margin
  • Supply-demand balances
    • Generation by fuel
    • Changes in power supply between views
    • Supply-demand balances: Image 3
  • Trade
    • Net imports
  • Prices
    • Annual wholesale price
    • Prices: Image 2
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