Renewables Prices, markets & analysis
At ICIS, we report monthly on the European renewable markets, provides readers with the latest price assessments, commentary and market-related news.
Our coverage offers readers essential insights on the clean energy market – an area that is quickly developing as governments across Europe continue to tighten regulations.
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 Q4 2014
New solar power deployment in the fourth quarter of 2014 will continue to send bearish signals into the value of clean electricity in the UK. Meanwhile, the joint elcertificates market between Sweden and Norway will move closely in line with wind output, which has supported prices in recent months.
UK solar power developers are racing to get projects online before the renewables obligation is closed to them next year. This paints a bearish outlook, as a boom in generation capacity is likely to join the grid in coming months.
But the impact on prices from the additional installations by the end of the year may be capped as sunny weather recedes. Until now a dropping trend in demand figures added to a bearish outlook. But as winter temperatures kick in, consumption of electricity will rise. Meanwhile, the value of the renewables obligation certificates (ROCs) remains exposed to the wind generation expected in the next few months.
In the Nordic countries, concerns remain regarding the economic climate for wind power developers. Until now low issuance levels due to lower than expected wind production translated into a bullish price trend. However, despite expectations of a gradual increase in prices, some sources have raised questions over investment continuing in the sector. ICIS analysis suggested that introducing new quotas to the market to manage the oversupply and support prices did not go far enough to protect these investments.
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.