Abstract
Overview
Introduction
Europe' s wholesale power markets are at widely differing stages of
development. They range from the Nord Pool, one of the world' s most highly
liquid and efficient markets, down to nascent markets where liquidity is
barely established. Additionally price efficiency varies widely between
markets. This brief examines the current status of these markets, and also
analyses their future prospects.
Scope
- A detailed review of the levels of development and liquidity currently
prevailing in Europe' s wholesale power markets.
- Insight into how the relative positioning of each of these markets is
likely to change in the period to 2012.
- Knowledge of the factors driving wholesale market development and the
associated factors supporting market efficiency.
- Forecasts of liquidity development in individual markets over the period
to 2012.
Report Highlights
Six European wholesale power markets are predicted to show significant
development over the forecast period, with one market forecast to decline in
developmental terms.
The Nord Pool market, which lies very much in the established category of
wholesale market development, is the world' s most liquid multi-country
electricity trading market. The degree of maturity reached in the Nord Pool
has been driven, at least in part, by Scandinavia' s high levels of per capita
power consumption.
Markets in the emerging category such as France, Belgium and Spain have all
been driven, at least in part, by cross border trade flows. This has been a
much stronger driver of emerging wholesale dynamics than structural
developments in the market.
Reasons to Purchase
- Gain an understanding of current and future wholesale power procurement
options in the newly liberalised European Electricity market.
- Understand the degree to which individual wholesale power markets are
efficient at conveying pricing signals.
- Track the likely development of European wholesale liquidity and the
resultant opportunity for efficient wholesale power trading.
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