[Report] European Wholesale Power Market Research, Trends, Analysis TOC

DATAMONITOR VIEW
- CATALYST
- SUMMARY
ANALYSIS
- Eastern Europe has the greatest scope for wholesale market growth
  - Incumbents should prepare for the arrival of ' genuine' wholesale competition
  - Central and Eastern Europe is yet to embrace forward trading activity
  - New member states have the greatest upside potential for liquidity growth
  - Romania' s emerging wholesale market will set the tone for Eastern Europe
- Western Europe must address notable wholesale market impediments
  - Vertically integrated utilities provide a key obstacle to wholesale competition
  - Auctions are not an effective mechanism for stimulating liquidity growth
  - Wholesale power liquidity across Europe' s major power markets has stagnated
- Wholesale liquidity varies markedly in volume and type across Europe
  - Financial institutions are increasingly pivotal actors in established power markets
  - Ownership unbundling would be keenest felt by German utilities
  - Nascent electricity markets will be the key targets for Europe' s leading utilities
- Key structural factors are required to catalyse wholesale development
  - Wholesale markets tend to follow a preset pattern of development
  - Cyclical wholesale market development spawns support services
  - Support services then reinforce the cycle to fuel liquidity growth
  - Support elements are crucial in driving wholesale market maturity
  - Motivations to trade wholesale power differ along the value chain
APPENDIX
- Thirteen European wholesale power markets are assessed in this brief
  - Incumbent dominance continues to hamper liquidity in the Austrian wholesale power market
  - Czech wholesale power trading centres on system balancing
  - Wholesale trade in the import dependent Dutch power market is closely tied to neighbouring Germany
  - EDF' s dominance and subsequent influence on virtual power plant auctions creates a volatile French wholesale sector
  - Germany' s wholesale power market is yet to fully establish itself due to ongoing network access issues that limit competition
  - Italian spot wholesale power trading has witnessed significant growth since its introduction
  - The Nord Pool exchange is Europe' s largest and most successful multi-national wholesale power market
  - Polish wholesale power trading centres on system balancing
  - Portuguese forward wholesale power trading is set to receive a boost from the creation of an Iberian electricity market
  - Romanian wholesale power liquidity has received a boost from the arrival of new market entrants
  - Slovenia is failing to embrace wholesale electricity trading
  - Market impediments continue to hamper Spanish wholesale power trading from realising its potential
  - UK wholesale power market liquidity is showing signs of recovery
- This brief contains a number of industry standard terms
- Datamonitor offers bespoke services that can be tailored to supplement your understanding of the European utility market
- This analysis builds on a variety of external data sources in addition to existing Datamonitor content in the wholesale arena
- The MCI draws on nine underlying metrics grouped into three broad clusters: Market framework; Supplier Push; Customer Pull
- ' Wholesale Market Fragmentation' accounts for 10% of the overall score and is one of the three Supplier Push pillars
- ' Traded Market Maturity' accounts for 20% of the overall score and is one of the three Supplier Push pillars
- Disclaimer
- List of Figures
  - Figure 1: Eastern European wholesale power activity is predominantly ' spot' orientated
  - Figure 2: The East-West divide in wholesale power market maturity
  - Figure 3: Eastern European wholesale market competitive intensity
  - Figure 4: French wholesale liquidity dramatically lags its neighbouring power markets
  - Figure 5: Trading activity in Europe' s largest power markets is failing to take-off
  - Figure 6: Western Europe' s major utility players are targeting further eastward expansion
  - Figure 7: The five distinct stages of wholesale market progression
  - Figure 8: Wholesale support services emerge as the cycle builds momentum
  - Figure 9: The interaction between structural and support factors creates a ' snowball' effect
  - Figure 10: The key support elements to wholesale market growth
  - Figure 11: Different players engage in wholesale trading for different reasons
  - Figure 12: Austrian wholesale power market overview
  - Figure 13: Czech wholesale power market overview
  - Figure 14: Dutch wholesale power market overview
  - Figure 15: French wholesale power market overview
  - Figure 16: German wholesale power market overview
  - Figure 17: Italian wholesale power market overview
  - Figure 18: Nordic wholesale power market overview
  - Figure 19: Polish wholesale power market overview
  - Figure 20: Portuguese wholesale power market overview
  - Figure 21: Romanian wholesale power market overview
  - Figure 22: Slovenian wholesale power market overview
  - Figure 23: Spanish wholesale power market overview
  - Figure 24: UK wholesale power market overview
  - Figure 25: Market Competitive Intensity pillars
  - Figure 26: Wholesale Market Fragmentation scoring breakdown
  - Figure 27: Traded Market Maturity scoring breakdown

European Wholesale Power Markets: Current Status and Future Trends

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