Abstract
Introduction
The growing role of wholesale traded energy markets across Europe creates a greater need for players throughout the value chain to be aware of the latest market movements and developments. From the wellhead or power station gate to the end-user, volatility in the spot and forward price of power and gas is creating an increasingly challenging environment for all market participants.
Scope of this report
- An examination of the wholesale gas price trends in Europe' s three key markets - the UK NBP, the Zeebrugge Hub and the Dutch TTF.
- An assessment of traded power prices in the UK, Belgian, Dutch, German and French wholesale power markets.
- Insight and analysis into the impact of wholesale markets on the wholesale / retail price interface.
Research and analysis highlights
- Record oil prices are yet to impact upon the European gas market
- Dutch-German gas prices will become increasingly interlinked
- UK gas plant investment is an important structural hedge for RWE
Key reasons to read this report
- Establish the current level of wholesale and retail energy prices and the fundamental drivers behind movements in the traded value of gas and power
- Understand how wholesale pricing impacts different facets of the value chain, identifying the potential to limit risk through hedging strategies
- Forecast future developments in the traded price of gas and power in order to successfully take advantage of arbitrage opportunities