What is the outlook for the European power markets in 2017?

ICIS looks country-by-country at the key potential supply, demand and regulation changes which could impact power prices and market liquidity in Europe in 2017.

While fixed, centralised subsidy was the favoured model for upscaling solar power or capital-intensive offshore wind, the model of choice across Europe in 2017 will be a competitive one based on market forces.

Capacity development has now reached the stage where wholesale power prices have also been driven down and governments are now scrambling to find models capable of pulling new capacity that was previously the backbone of power supply – thermal, predominantly gas-fired power plants – through to market as back-up to variable renewables.

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