Abstract
Overview
Introduction
As European energy markets liberalise, the development of wholesale traded markets assumes a
greater importance as new retail market entrants seek access to wholesale supply. Currently, widely
differing market dynamics, stages of competitive development and attitudes to liberalisation at all
levels in individual markets means that wholesale market development varies significantly across
Europe.
Scope
- assessments of current and future wholesale market development in both the gas and power
markets.
- insight into the main structural and market based factors driving wholesale market development
in each market.
- detailed forecasts of sectoral switching and churn rates and the resultant size of wholesale
markets over a ten year forecast period.
- deep understanding of the likely development of regional trading hubs in the wake of individual
wholesale market developments.
Highlights
The effects of an already well developed power market combined with likely developments in gas
trading liquidity will see Denmarks combined ratio of traded gas and power wholesale volumes to
absolute demand volumes leading the field at the end of the 2018 forecasting period.
In proportional (though not volume) terms, the Netherlands will be the most liquid of the gas
markets surveyed by 2018 as a result of continued development of the TTF market. This will be driven
by the presence of strong structural factors, specifically upstream production, indigenous demand
and a decline in gas production elsewhere in Europe.
The scope for the development of regional gas hubs is considerably greater over the forecast
period than for the development of power hubs. This reflects both current market dynamics, the
nature of trade flows and the greater degree of individual self sufficiency in gas compared to
power.
Reasons to Purchase
- capitalise on the commercial opportunities available from wholesale market development.
- gain a deeper understanding of how market opening and wholesale market development will alter
the operational environment inspecific markets.
- become aware of the specific stages of wholesale market development and align these stages with
the stages reached in individual countries.
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