Renewables Prices, markets & analysis
At ICIS, we report monthly on the European renewable markets, providing readers with second-to-none renewable power price assessments, pricing information on the over-the-counter UK’s ROCs market and Nordics’ renewable Elcertificates and as well as market commentary and key news stories. . Our coverage offers readers a comprehensive view of what’s happening across the clean energy markets and the reasons behind the changes in the quickly-developing sector.
Renewables Overview Transcript
The renewable energy sector across Europe has grown from occupying a small sliver of the power-generation-mix pie chart a decade ago, to occupying a substantial chunk today.
It’s importance on the energy supply market has been even greater than its share of the supply mix would suggest.
Governments right across the continent have moved to develop renewable energy sectors, driven by European Union legislation, for a number of reasons.
Firstly, it is widely accepted that a diversified power generation mix is a vital facet of energy security.
Secondly, renewable power generation is cheaper than more traditional forms of production, because the fuel -- that’s the wind, the sun or the movements of the tide is -- free.
Thirdly, over fears of what the mass-release of carbon in to the atmosphere as a result of burning fossil fuels may be doing to our climate.
Now the impact of the sector on the energy markets has been huge. Markets have had to largely feel their way along as the technology has evolved fast to the level of full-scale commercial deployment. And many renewable sources of renewable generation, are by their very nature intermittent. Therein lies the challenge for the market; how to ensure energy security 100% of the time at an affordable price, while simultaneously cutting carbon emissions.
The energy markets have evolved very much in line with the growth of renewables but the sector, and the wider market itself, still has much further to go.
How we can help
Renewables news and market information products from ICIS
We offer the following regional Renewables analysis and news coverage to keep you informed of factors and developments affecting prices in the Renewables marketplace.
Price Reporting – More information about the price reports we publish on Renewables
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Renewables
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Renewables
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Renewables: Market overview
Updated to Q1 2015
The value of renewable electricity at Europe’s wholesale markets shows little sign of recovering over the first quarter of 2015 from the historically low range it has been trading in for the last three years.
Low consumption of electricity has become a feature of the wholesale markets because of energy efficiency measures and embedded power generation, and this has in turn weighed on the value of green certificates in both the UK and Nordic markets – a trend that is expected to continue into 2015.
On the supply side, the two markets’ directions will largely be defined by wind power output. The first quarter is typically a windy time of the year in northern and western parts of Europe, meaning shifts in either direction in volumes of electricity generated by wind farms can move the market more than usual.
Looking further forward, a substantial increase in the renewable obligation certificate (ROC) quota that UK energy suppliers must meet during the 2015-2016 compliance period, which begins on 1 April 2015, may support the market later in the year.
News & analysis
Renewables 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 Renewables, 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 Clean Energy Markets (ECEM) Methodology
Renewable power is electricity generated through harnessing an inexhaustible source, such as wind, solar rays, the energy in crops, river flows , or tidal movements.
It is different from fossil-fuels because oil, coal and gas are all finite resources, and are being exhausted at a far greater rate for the production of energy than that at which nature can replenish them.
Nations the world over have recognised the value of generating power from renewable sources as they look to maintain long-term supply security while cutting reliance on fossil-fuel fired power generation, the cost of which – unlike renewable power – is at the mercy of volatile global markets.