Commodity market report
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15 Pages

United Kingdom power markets long-term outlook H1 2015

United Kingdom power markets long-term outlook H1 2015

Report summary

The development of power supply in the UK is shaped by the market’s exposure to the loss of coal-fired generation, as well as continued growth in renewables, particularly wind. The market is impacted perhaps more than any other in Western Europe by EU emissions controls, particularly the Large Combustion Plant Directive (LCPD) - although the influence of this measure is now all-but played out and the Industrial Emissions Directive (IED).

What's included?

This report includes 2 file(s)

  • United Kingdom power markets long-term outlook H1 2015 PDF - 405.13 KB 15 Pages, 3 Tables, 11 Figures
  • UK Power H1 2015.xls XLS - 1.15 MB


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 renewable supply growth as coal retirements mount
    • Market reform drives progress towards policy goals
    • Capacity contracts offer a new source of revenue to flexible supply
    • Slow progress on new nuclear
    • Wholesale power prices challenge unsubsidised investments
    • Links to Related Reports:
  • Demand
    • Residential
      • Commercial/Other
      • Industrial
      • Losses and Energy Industries
  • Supply
    • Existing capacity
      • Coal and oil
      • The Industrial Emissions Directive
      • Emissions Performance Standard
      • Gas
      • Nuclear - the existing fleet
      • Nuclear - new build prospects
  • Supply-demand balances
    • Annual generation by fuel
  • Infrastructure
    • Interconnectors
    • Recent developments
    • Forecast additions
    • Potential future projects
  • Trade
  • Prices
    • Annual power prices
      • Emissions costs and the Carbon Price Floor
      • Spark spreads

In this report there are 14 tables or charts, including:

  • Executive summary
    • UK power supply by source
  • Demand
    • Power demand
  • Supply
    • Existing capacity
    • Forecast new capacity
    • Nuclear closure assumptions
  • Supply-demand balances
    • Annual generation by fuel
    • Generation output - change between forecasts
  • Infrastructure
    • Existing transmission links between UK countries
    • Interconnectors
  • Trade
    • Net imports to the UK
  • Prices
    • Annual wholesale prices forecast, new entrant cost and forward curve
    • Emissions costs - EU ETS and Carbon Price Floor
    • Incremental cost of production due to CPF
    • Clean spark and dark spreads based on GB cost of emissions
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