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.
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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
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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 Q3 2014
The value of clean electricity in the UK will largely hinge upon the pace of solar power development during the third quarter of 2014, while in Sweden and Norway the el-certificates market remains on a weak footing with structural oversupply a problem with no easy fix.
With the renewables obligation subsidy mechanism to be closed to new solar power plants from April 2015 onwards – a decision that was only made public during the second quarter – developers are expected to rush through large-scale projects to beat the cutoff. This previously unforeseen flood of new capacity could have a strong bearing on the value of renewable power for the ongoing compliance period (CP13), because it would not have been accounted for when the headroom calculation, which partly sets renewables obligation certificate (ROC) values, was formulated.
On the demand side, electricity consumption remains very weak despite improvements in the UK’s GDP growth rate, which could exert a bearish influence over the ROCs market.
In the Nordic countries, a change in forward quotas for the market from 2016, which is widely expected to be implemented but has yet to be fully endorsed, could support values on the forward curve if regulatory agreement is reached.
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.
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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.