Power Prices, markets & analysis
Europe’s wholesale electricity markets are developing quickly, with liquidity both growing and constantly shifting across the continent. Electricity professionals in this rapidly moving market need access to independent and reliable information to help them make decisions faster.
At ICIS, we provide expert coverage of the electricity markets in Europe and beyond, supplying our customers with the latest news, analysis, over-the-counter price assessments, long-term price forward curves, and much more unrivalled information via an online Dashboard that can be tailored by the user to fit their own area of interest. Our benchmark report, European Daily Electricity Markets, covers established and emerging markets across Europe and provides energy professionals with all the insight they need to trade wholesale power. This sits alongside a host of specialist reports: Turkish Energy Hub Daily, Italian Energy Hub Daily, a monthly green certificates report European Clean Energy Markets, and the freely-available annual European Power Trading Report.
ICIS also offers a specialist electricity market analytics service, ICIS Tschach Solutions, producing a wide portfolio of products in both the power and carbon space used by major utilities, industrials, banks, trading houses and oil & gas companies worldwide.
Find out more about our products:
Electricity Overview Transcript
The interesting thing about the European Electricity markets is that electricity can’t be stored so unlike other commodities, you don’t have the ability to put things in storage, and you don’t have those dynamics.
The grid has to balance the power market every minute of every hour of every day.
Another thing that’s making electricity really interesting right now is that it’s a key part of the renewable energy policy of the European Union. The European Union is relying on power to make up most of its renewable energy targets. And so gas-fired generation, coal-fired generation and hydro-generation is coming together with newer forms of renewable forms of generation such as wind and solar and the differences in weather make for very volatile pricing.
How we can help
Power news and market information products from ICIS
We offer the following regional Power analysis and news coverage to keep you informed of factors and developments affecting prices in the Power marketplace.
Price Reporting – More information about the price reports we publish on Power
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Power
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Power
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Power: Market overview
Updated to Q1 2016
Following six months of sustained weakness, European power producers will be hoping the only way is up for electricity markets. But as Western Europe continues to experience a mild winter, the fundamental outlook remains flat-to-bearish for the continent’s largest markets going into the first quarter.
However, a late cold snap – which could well emerge over Western Europe, which has avoided this so far – would boost spot prices, which would quickly lift forward curve contracts, with a number of short positions having accumulated in recent months.
Despite this risk, the markets remain for the most part insulated against prolonged price rises, with Belgian nuclear power plants expected to be firing on all cylinders from early January and ample gas in storage to fuel gas-fired power plants.
As with any winter period upside risk is not far away, however. Central and Eastern European markets, which are partly dependent on hydropower, have seen a dry winter to date, meaning hydropower reserves are low. Any late cold snap could test the region’s supply side, boosting spot and monthly contract values.
News & analysis
Power news & analysis
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Power, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
European Daily Electricity Markets Methodology
European Power Price Drivers
Industrial & Commercial Energy Snapshot (electricity)
The financial value of electricity is established by two methods: 1.Price Assessments. ICIS assesses the market closing prices for a range of European power hubs on the day of publication, and publishes a price range for each delivery period on a number of liquid markets. This is known as the BID-OFFER RANGE, representing the highest buyer’s bid and the lowest seller’s offer at the relevant close of each market. 2.Indexation (Heren Index).
Indices are published for a variety of delivery periods and delivery points. Each Heren Index is a transaction-based price, calculated using the volume-weighted average of eligible transactions (trades) for the relevant delivery period reliably reported to ICIS.