Drivers of European power prices in an environment of growing renewable capacity.
The growth of renewables and the ongoing transformation of the energy market is widely believed to have a transformational impact on European wholesale power prices which will deepen in the coming years. In the next decade however, fuel and carbon prices look set to continue setting the level of wholesale prices. Nevertheless conventional thermal plants are under increasing pressure as competition from zero-cost capacity reduces their running hours.
Market trends and opportunities in a decentralised, distributed and disrupted energy world
The global energy industry is profoundly changing, transforming market structures and challenging existing business models. Energy systems and markets are undergoing rapid change which is impacting the whole value chain creating common opportunity in managing imbalance, monetising flexibility and a focus on the requirements of customers in the future. As a result, value pools are shifting and we are seeing new business models and new market entry. Successful participants need a clear sense of where the industry is heading and market trends and opportunities in the short term.
Long-term energy price drivers from the markets, grids, system flexibility and sector coupling
- What one can learn from ENTSO-E’s published data on network plans, adequacy forecasts
- Wholesale-retail market integration and the empowered customer
- The market design – system flexibility connection
- Questions for which innovation is still needed