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  • Albania

    Wholesale Electricity Price Projections for Albania

    Flyer
  • Our latest market report for Albania:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (with pass-through assumptions for the Albanian market).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Armenia

    Wholesale Electricity Price Projections for Armenia

    Flyer
  • For further details on the market report for Armenia , please contact Philip Gueorguiev (philip.gueorguiev@afry.com)

  • Australia

    Wholesale Electricity Price Projections for Australia

    Flyer
  • Our latest market report for Australia:
    • Presents our annual projections for wholesale electricity prices out to 2050 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; interconnection constraints; developments in technology costs and electrification; and regulatory and policy development.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation, and renewable subsidy support schemes.

  • Austria

    Wholesale Electricity Price Projections for Austria

    Flyer
  • Our latest market report for Austria:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Azerbaijan

    Wholesale Electricity Price Projections for Azerbaijan

    Flyer
  • In our latest market report for Azerbaijan, we expand on:
    • How the generation mix will develop in the next decades and what the key RESE technologies will be.
    • How the capacity margin evolves over the long run, and whether the country remains a net exporter.
    • What the prospects for private party involvement regarding investments in renewables are.
    • Via which measures Azerbaijan proceeds towards further market liberalisation.

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2040 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (with pass-through assumptions for the Azerbaijan market).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Bangladesh

    Wholesale Electricity Price Projections for Bangladesh

  • For further details on the market report for Bangladesh, please contact Pongpatchara Pongpiriyakan (pongpatchara.p@afry.com)

  • Belgium

    Wholesale Electricity Price Projections for Belgium

    Flyer
  • In our latest market report for Belgium, we explore:
    • How will the 2030 targets from the PNEC, the Federal Energy Pact and the long-term Federal strategy drive changes in the Belgian electricity mix where resources tend to be limited?
    • What other measures will be available to guarantee system adequacy?
    • What revenue streams will be accessible for market participants (thermal, renewable electricity generators, flexibility providers) for new projects?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Bosnia and Herzegovina

    Wholesale Electricity Price Projections for Bosnia and Herzegovina

    Flyer
  • Our latest market report for Bosnia and Herzegovina:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (with pass-through assumptions for the Bosnian and Herzegovinian markets).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Brazil

    Wholesale Electricity Price Projections for Brazil

    Flyer
  • For further details on the market report for Brazil, please contact Dorian de Kermadec (dorian.dekermadec@afry.com)

  • Bulgaria

    Wholesale Electricity Price Projections for Bulgaria

    Flyer
  • Our latest market report for Bulgaria:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Cambodia

    Wholesale Electricity Price Projections for Cambodia

  • For further details on the market report for Cambodia, please contact Marnix Schrijner (marnix.s@afry.com)

  • Alberta, Canada

    Wholesale Electricity Price Projections for Alberta

  • For further details on the market report for Alberta, please contact Robert Buchner (robert.buchner@afry.com)

  • New Brunswick, Canada

    Wholesale Electricity Price Projections for New Brunswick

  • For further details on the market report for New Brunswick, please contact Stuart Murray (stuart.murray@afry.com)

  • Ontario, Canada

    Wholesale Electricity Price Projections for Ontario

  • For further details on the market report for Ontario, please contact Susannah Grice (susannah.grice@afry.com)

  • Central and Eastern Europe Region

    Electricity Market Study for Central Eastern Europe

    Flyer
  • Our latest market report for Central and Eastern European (CEE) which covers the markets for Austria, Czech Republic, Hungary, Slovakia, and Slovenia:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Chile

    Wholsesale Electricity Price Projections for Chile

    Flyer
  • In our latest market report for Chile, we explore:
    • How will the renewable targets shape the future Chilean electricity mix?
    • What difficulties are renewable generation projects facing and what action is being proposed in response?
    • What are the key provisions of the newly introduced energy transition law?
    • What revenue streams will be accessible for market participants (thermal and renewable electricity generators) for existing and new projects?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2050 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; and potential future renewable subsidy support schemes.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the transport sector.

  • China

    Wholesale Electricity Price Projections for China

    Flyer
  • In our latest market report for China, we explore:
    • How will the government planning and policy environment shape the Chinese electricity system and markets in the coming years?
    • How will competitive markets affect the electricity price and system operation?
    • What revenue streams are available to renewable developers, how are they accessed, and how could they change under the market reform?
    • How will the range of transformations underway impact on market participants?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate electricity system decarbonisation trajectory in China.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation, including the Five-Year Plan; renewable subsidy support schemes; and the national carbon market.
    • Is based on highly detailed modelling from our suite of worldwide commodity models

  • Colombia

    Wholesale Electricity Price Projections for Colombia

    Flyer
  • In our latest market report for Colombia, we explore:
    • How will the commissioning of Hidroituango impact the electricity price?
    • How far can the penetration of non-conventional renewables get in Colombia?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2050 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in Colombia, including: the commissioning of Hidroituango; weather patterns, to capture the effect of El Niño and of wet years on prices; commodity (gas, coal, oil products) prices; and developments in technology costs and demand.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; and the evolution of the reliability charge and the corresponding incentive for generators.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Croatia

    Wholesale Electricity Price Projections for Croatia

    Flyer
  • Our latest market report for Croatia:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Cyprus

    Wholesale Electricity Price Projections for Cyprus

    Flyer
  • In our latest market report for Cyprus, we explore:
    • What are the key changes in the Cypriot market?
    • What is the outlook for renewables and thermal generation?
    • What is the future level of electricity prices?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Czech Republic

    Wholesale Electricity Price Projections for the Czech Republic

    Flyer
  • Our latest market report for the Czech Republic:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Denmark

    Wholesale Electricity Price Projections for the Nordic countries

    Flyer
  • In our latest Nordic electricity market report we explore:
    • At what pace, where, and under which enablers, will the build-out of new renewable generation and new demand take place?
    • What role will carbon-free technology, flexible demand and flexible supply play?
    • How will price convergence between the 12 Nordic price areas evolve?
    • What are the main risks and uncertainties to the Nordic price projections?

  • Egypt

    Wholesale Electricity Price Projections for Egypt

    Flyer
  • In our latest market report for Egypt, we explore:
    • How will regulation evolve?
    • How will demand and generation-mix evolve?
    • How fast will renewables emerge?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2050 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and carbon pricing.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Estonia

    Wholesale Electricity Price Projections for the Baltic countries

    Flyer
  • In our latest market report for the Baltic countries which covers the markets Estonia, Latvia, and Lithuania, we explore:
    • How will the aims and policies of the three Baltic countries shape the Baltic electricity market in the coming years?
    • How will the desynchronisation from Russia affect electricity trade with neighbouring countries and price convergence in the Baltic region?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). AFRY’s modelling of the Baltic countries includes 20 weather variations run for every modelled future year in order to best represent the behaviour of Nordic prices, which is a core driver of Baltic prices due to the large interconnection. Our model has a detailed treatment of reservoir hydro dispatch under uncertainty of inflows using Stochastic Dynamic Programming (SDP), similar to the method used by most producers that operate in the Nordic market.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Finland

    Wholesale Electricity Price Projections for the Nordic countries

    Flyer
  • In our latest Nordic electricity market report we explore:
    • At what pace, where, and under which enablers, will the build-out of new renewable generation and new demand take place?
    • What role will carbon-free technology, flexible demand and flexible supply play?
    • How will price convergence between the 12 Nordic price areas evolve?
    • What are the main risks and uncertainties to the Nordic price projections?

  • France

    Wholesale Electricity Price Projections for France

    Flyer
  • In our latest market report for France, we explore:
    • What will happen to the current nuclear-dominant generation mix after the retirement of ageing reactors? Will new reactors be commissioned and when?
    • How will the latest local and European regulation impact the French market?
    •Can France meet its renewable deployment targets and how will this affect wholesale electricity prices?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Great Britain

    Wholesale Electricity Price Projections for Great Britain

    Flyer
  • In our latest market report for Great Britain, we explore:
    • The drivers behind recent high gas and electricity prices.
    • How we project electricity prices will evolve to 2060.
    • Key drivers impacting this and our modelled view on their evolution to 2060. This includes gas and carbon prices, the capacity mix and electricity demand.
    • Government policies and regulations creating risks and / or opportunities for electricity generators in GB.
    • How the evolving capacity mix will impact future Capacity Market clearing prices.
    • Background to the GB electricity market, including the key players, current trading arrangements, and potential development.
    • Options for generators to sell electricity, and risks and opportunities to consider with each.

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Georgia

    Wholesale Electricity Price Projections for Georgia

    Flyer
  • Our latest market report for Georgia:
    • Presents our annual projections for wholesale electricity prices out to 2040 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (with pass-through assumptions for the Georgian market from 2029).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Germany

    Wholesale Electricity Price Projections for Germany

    Flyer
  • In our latest market report for Germany, we explore:
    • How will the closure of nuclear and coal transform the German electricity mix?
    • Is the current legislated renewables support and the measures stated in the ‘Climate Protection Program 2030’ sufficient to achieve the new 2030 renewables target?
    • The latest renewable tender results and the outlook for new projects.
    • What potential revenue sources are accessible to thermal and renewable electricity generators for new projects?
    • What are the latest market design changes in order to support the integration of renewables?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Greece

    Wholesale Electricity Price Projections for Greece

    Flyer
  • In our latest market report for Greece, we answer the essential questions for those interested in the Greek electricity market:
    • What are the key imminent changes in the Greek market?
    • What is the outlook for renewables and conventional thermal generation?
    • What is the future level of electricity prices and capacity payments?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Hungary

    Wholesale Electricity Price Projections for Hungary

    Flyer
  • Our latest market report for Hungary:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • India

    Wholesale Electricity Price Projections for India

    Flyer
  • For further details on the market report for India, please contact Satya Galla (satya.galla@afry.com)

  • Indonesia

    Wholesale Electricity Price Projections for Indonesia

    Flyer
  • In our latest market report for Indonesia, we explore:
    • a realistic view of demand and new-build mix compared to official plans;
    • the extent to which regulations are barriers to the timely development of gas, thermal, and renewable power; and
    • how the tariffs received by renewables are heavily influenced by PLN’s cost of generation and tariff rate card.

    This report:
    • Presents our annual projections for wholesale electricity and gas prices out to 2050 or 2060, depending on client requirements, for our three internallyconsistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and path to gas and power sector reform.

  • Ireland SEM

    Wholesale Electricity Price Projections for the Irish Single Electricity Market

    Flyer
  • In our latest market report for Ireland, we explore a number of relevant questions, including:
    • How will electrification of the heat and transport sectors affect the SEM?
    • What impact on prices and wind curtailment is expected from further renewables?
    • Will the DS3 and Capacity Markets deliver the necessary generation capacity?
    • What is the outlook for thermal assets in a market dominated by renewables?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Israel

    Wholesale Electricity Price Projections for Israel

  • For further details on the market report for Israel, please contact Kostas Theodoropoulos (kostas.theodoropoulos@afry.com)

  • Italy

    Wholsesale Electricity Market Price Projections for Italy

    Flyer
  • In our latest market report for Italy, we explore:
    • How will the energy transition transform the energy market and who will be the winning technologies?
    • What are the performances of the different generators in this new framework?
    • How will the difference between market zones be tackled in the framework of this renewable revolution?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Japan

    Wholesale Electricity Price Projections for Japan

    Flyer
  • In our latest market report for Japan, we explore:
    • What are the impacts of COVID-19 on the power sector?
    • What will be the impact of renewable growth on wholesale prices?
    • How will policy on nuclear retirements affect wholesale prices?
    • How will captured prices for renewable plants evolve in the long term?

    This report:
    • Presents our annual projections for wholesale electricity and gas prices out to 2050 or 2060 depending on client requirements for our three internally consistentscenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and path to gas and power sector reform.

  • Jordan

    Wholesale Electricity Price Projections for Jordan

  • For further details on the market report for Jordan, please contact Brendan Cronin (brendan.cronin@afry.com)

  • Kazakhstan

    Wholesale Electricity Price Projections for Kazakhstan

    Flyer
  • Our latest market report for Kazakhstan:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (with pass-through assumptions for the Kazakhstani market).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Kenya

    Wholesale Electricity Price Projections for Kenya

  • For further details on the market report for Kenya, please contact Alan Whitaker (alan.whitaker@afry.com)

  • Kosovo

    Wholesale Electricity Price Projections for Kosovo

    Flyer
  • Our latest market report for Kosovo:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (with pass-through assumptions for Kosovar market).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Laos

    Wholesale Electricity Price Projections for Laos

  • For further details on the market report for Laos, please contact Benjamin Hammer (benjamin.hammer@afry.com)

  • Latvia

    Wholesale Electricity Price Projections for the Baltic countries

    Flyer
  • In our latest market report for the Baltic countries which covers the markets Estonia, Latvia, and Lithuania, we explore:
    • How will the aims and policies of the three Baltic countries shape the Baltic electricity market in the coming years?
    • How will the desynchronisation from Russia affect electricity trade with neighbouring countries and price convergence in the Baltic region?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). AFRY’s modelling of the Baltic countries includes 20 weather variations run for every modelled future year in order to best represent the behaviour of Nordic prices, which is a core driver of Baltic prices due to the large interconnection. Our model has a detailed treatment of reservoir hydro dispatch under uncertainty of inflows using Stochastic Dynamic Programming (SDP), similar to the method used by most producers that operate in the Nordic market.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Lithuania

    Wholesale Electricity Price Projections for the Baltic countries

    Flyer
  • In our latest market report for the Baltic countries which covers the markets Estonia, Latvia, and Lithuania, we explore:
    • How will the aims and policies of the three Baltic countries shape the Baltic electricity market in the coming years?
    • How will the desynchronisation from Russia affect electricity trade with neighbouring countries and price convergence in the Baltic region?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). AFRY’s modelling of the Baltic countries includes 20 weather variations run for every modelled future year in order to best represent the behaviour of Nordic prices, which is a core driver of Baltic prices due to the large interconnection. Our model has a detailed treatment of reservoir hydro dispatch under uncertainty of inflows using Stochastic Dynamic Programming (SDP), similar to the method used by most producers that operate in the Nordic market.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • North Macedonia

    Wholesale Electricity Price Projections for North Macedonia

    Flyer
  • Our latest report for North Macedonia:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our threeinternally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (with pass through assumptions for North Macedonia).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Peninsular Malaysia

    Wholesale Electricity Price Projections for Peninsular Malaysia

    Flyer
  • In our latest market report for Peninsular Malaysia, we explore:
    • How does future demand-supply evolve given the effects of Covid-19 and as demography and the economy change?
    • How will Malaysia achieve its targets for renewables?
    • What challenges are on the path to liberalised gas and power sectors?
    • What will be the impact of renewable energy and liberalised gas prices on the system power marginal price?This report:
    • Presents our annual projections for wholesale electricity and gas prices out to 2050 or 2060, depending on client requirements, for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and path to gas and power sector reform.

  • Mexico

    Wholesale Electricity Price Projections for Mexico

    Flyer
  • In our latest market report for Mexico, we explore:
    • How might renewables grow and what effect would this have on capture prices?
    • What are the effects of intermittency on power prices and the capacity mix?
    • What will the future hold for the electricity sector?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2045 for our three internally consistent scenarios (High, Central and Low) for the main market products: electricity prices; clean Energy Certificates “CELs”; and capacity balancing market prices.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; demand and commodity prices; short-term gas constraints; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; detailed overview of the market framework; long term energy auctions; CEL price; and market on-watch topics.
    • Is based on highly detailed modelling from our suite of worldwide commodity models and Mexico specific modelling tools.

  • Moldova

    Wholesale Electricity Price Projections for Moldova

    Flyer
  • (For further details on the market report for Moldova, please contact Philip Gueorguiev (philip.gueorguiev@afry.com)

  • Montenegro

    Wholesale Electricity Price Projections for Montenegro

    Flyer
  • Our latest market report for Montenegro:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (with pass-through assumptions for the Montenegrin market).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Morocco

    Wholesale Electricity Price Projections for Morocco

    Flyer
  • In our latest market report for Morocco, we explore:
    • How will the electricity sector evolve?
    • What will be the future of gas and coal generation?
    • How fast will renewables emerge?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2050 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and carbon pricing.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Myanmar

    Wholesale Electricity Price Projections for Myanmar

  • For further details on the market report for Myanmar, please contact Neil Semple (neil.semple@afry.com)

  • The Netherlands

    Wholesale Electricity Price Projections for the Netherlands

    Flyer
  • In our latest market report for the Netherlands, we explore:
    • The emergence of a pan-European hydrogen market
    • The impact of the Dutch offshore wind roadmap
    • The effects of our refreshed electricity demand analysis

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Nigeria

    Wholesale Electricity Price Projections for Nigeria

    Flyer
  • For further details on the market report for Nigeria, please contact Nnamdi Ibeanu (nnamdi.ibeanu@afry.com)

  • Norway

    Wholesale Electricity Price Projections for the Nordic countries

    Flyer
  • In our latest Nordic electricity market report we explore:
    • At what pace, where, and under which enablers, will the build-out of new renewable generation and new demand take place?
    • What role will carbon-free technology, flexible demand and flexible supply play?
    • How will price convergence between the 12 Nordic price areas evolve?
    • What are the main risks and uncertainties to the Nordic price projections?

  • Oman

    Wholesale Electricity Price Projections for Oman

    Flyer
  • Our latest market report for Oman:
    • Presents our annual projections for installed capacity, generation and the value of electricity for our three internally consistent scenarios (High, Central and Low).
    • Presents an additional sensitivity examining the impact of tighter capacity margins on scarcity prices, a key driver of projected revenues in the spot market.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; developments in technology costs and fuel prices.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; impact of wind, solar PV and storage on system operation; and value of existing and new power plants.

  • Panama

    Wholesale Electricity Price Projections for Panama

    Flyer
  • In our latest market report for Panama, we explore:
    • How new natural gas and coal facilities will affect medium-long term price projections?
    • What is the expected PV and wind capacity to be installed in Panama up to 2040 on merchant basis?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Peru

    Wholesale Electricity Price Projections for Peru

    Flyer
  • In our latest market report for Peru, we explore:
    • The issues around market arrangements for gas supply to CCGTs.
    • The potential impact of the uncertain commissioning of the Gasoducto Sur Peruano on the generation mix and power prices.
    • The expected development of renewables in the country.

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2050 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the potential evolution of market rules and gas supply arrangements; the commissioning of the Gasoducto Sur Peruano pipeline; the evolution of demand; and commodity (gas, coal, oil products) prices.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; and renewable subsidy support schemes.
    • Is based on highly detailed modelling from our suite of worldwide commodity models.

  • Philippines

    Wholesale Electricity Price Projections for the Philippines

    Flyer
  • In our latest market report for the Philippines, we explore:
    • How will the developments in the gas sector shape the electricity market?
    • Will coal continue to be built, or will it be displaced by gas and RE?
    • How are renewables going to develop? What are the risks associated with delays in RPS implementation?
    • What are the implications of the interconnection to Mindanao? (optional scope)

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2045 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; developments in technology costs and electrification; and policy developments.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; and renewable subsidy support schemes.

  • Poland

    Wholesale Electricity Price Projections for Poland

    Flyer
  • In our latest market report for Poland, we explore:
    • How will the above mentioned regulatory and policy factors transform the Polish generation mix? What will be the pace at which coal will be replaced by alternative capacity? Which technologies will fill the gap?
    • What are the prospects for renewables? What are the trends in their economics?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Portugal

    Wholesale Electricity Price Projections for Portugal

    Flyer
  • In our latest market report for Portugal, we explore:
    • What drives merchant renewable profitability and what is its future outlook?
    • What is the design of the Portuguese solar auctions?
    • What is the impact of the record low bids in the Portuguese solar auction for the future of the system?
    • Has the Portuguese system achieved financial sustainability?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Qatar

    Qatar Electricity & Water Market Report

    Flyer
  • In our latest market report for Qatar, we:
    • Present our annual projections for installed capacity, generation and the value of electricity for our three internally consistent scenarios (High, Central and Low).
    • Consider the main drivers of capacity expansion in each scenario, including: the evolution of electricity and water demand; developments in technology costs; and fuel prices.
    • Deliver in-depth market intelligence, including insights into: government policy and regulation; solar PV and storage on system operation; and value of existing and new power plants.

  • Romania

    Wholesale Electricity Price Projections for Romania

    Flyer
  • Our latest market report for Romania:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Saudi Arabia

    Saudi Arabia Electricity Market Report

    Flyer
  • In our latest market report for Saudi Arabia we:
    • Present our annual projections for installed capacity, generation and the value of electricity for our three internally consistent scenarios (High, Central and Low).
    • Consider the main drivers of capacity expansion in each scenario, including: the evolution of electricity demand; developments in technology costs; and fuel prices.
    • Deliver in-depth market intelligence, including insights into: government policy and regulation; impact of wind, solar PV and storage on system operation; and value of existing and new power plants.

  • Southeast Europe Region

    Wholesale Electricity Price Projections for Southeast Europe

    Flyer
  • Our latest market report for Southeast Europe which covers the markets for Bosnia and Herzegovina, Croatia, Hungary, Montenegro, Serbia and Slovenia:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Senegal

    Wholesale Electricity Price Projections for Senegal

    Flyer
  • For further details on the market report for Senegal, please contact Nnamdi Ibeanu (nnamdi.ibeanu@afry.com)

  • Serbia

    Wholesale Electricity Price Projections for Serbia

    Flyer
  • In our latest market report for Serbia, we explore:
    • the generation mix development in the next decades;
    • key RES-E technologies to be added and their supporting incentive schemes;
    • the capacity margin evolvement over the long run; and
    • the dynamics of the wholesale electricity price under the impact of changes in the gas costs and the EU ETS scheme.

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (with pass-through assumptions for the Serbian market).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Singapore

    Wholesale Electricity Price Projections for Singapore

  • For further details on the market report for Singapore, please contact Marnix Schrijner (marnix.s@afry.com)

  • Slovakia

    Wholesale Electricity Price Projections for Slovakia

    Flyer
  • Our latest market report for Slovakia:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Slovenia

    Wholesale Electricity Price Projections for Slovenia

    Flyer
  • Our latest market report for Slovenia:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • South Africa

    Wholesale Electricity Price Projections for South Africa

    Flyer
  • In our latest market report for South Africa, we explore:
    • How will demand evolve?
    • What will replace decommissioning coal?
    • How fast will renewables emerge?
    • How will environmental regulation evolve?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and carbon pricing.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • South Korea

    Wholesale Electricity Price Projections for South Korea

    Flyer
  • In our latest market report for South Korea, we explore:
    • How will the energy transition goals shape the South Korean electricity market in the next two decades?
    • Are the support mechanisms sufficient to meet its energy transition targets?
    • How are the renewables going to develop? Which renewable technologies will benefit the most from this transition?
    • How much will prices change with the shift in generation mix?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2045 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; developments in technology costs and electrification; and policy developments.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the REC market.
    • Is based on highly detailed modelling from our suite of worldwide commodity models.

  • Spain

    Wholesale Electricity Price Projections for Spain

    Flyer
  • In our latest market report for Spain, we explore among other issues:
    • Evolution of demand, commodities and electricity prices under 3 scenarios.
    • How much renewable capacity will be built in Spain, considering decreasing LCOEs, market conditions, and the Spanish NECP targets? Will storage boom?
    • How much capacity can be closed, how much is needed for security of supply?
    • The rationale behind the PPA enthusiasm in the Spanish electricity system considering the risks and potential evolution of the market.

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Sri Lanka

    Wholesale Electricity Price Projections for Sri Lanka

  • For further details on the market report for Sri Lanka, please contact Jonathan de la Vina (jonathan.delavina@afry.com)

  • Sweden

    Wholesale Electricity Price Projections for the Nordic countries

    Flyer
  • In our latest Nordic electricity market report we explore:
    • At what pace, where, and under which enablers, will the build-out of new renewable generation and new demand take place?
    • What role will carbon-free technology, flexible demand and flexible supply play?
    • How will price convergence between the 12 Nordic price areas evolve?
    • What are the main risks and uncertainties to the Nordic price projections?

  • Switzerland

    Wholesale Electricity Price Projections for Switzerland

    Flyer
  • This report:
    • Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Taiwan

    Wholesale Electricity Price Projections for Taiwan

    Flyer
  • In our latest market report for Taiwan, we explore:
    • What will be the impact of Covid-19 on demand growth?
    • How will policy on nuclear retirements affect the wholesale price?
    • How will captured prices for merchant renewable plants evolve post-FiT?

    This report:
    • Presents our annual projections for wholesale electricity and gas prices out to 2050 or 2060, depending on client requirements, for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and path to gas and power sector reform.

  • Tajikistan

    Wholesale Electricity Price Projections for Tajikistan

  • For further details on the market report for Tajikistan, please contact Philip Gueorguiev (philip.gueorguiev@afry.com)

  • Thailand

    Wholesale Electricity Price Projections for Thailand

    Flyer
  • In our latest market report for Thailand, we explore:
    • How will future demand evolve following Covid-19 – and as demography and economy continue to change?
    • To what degree will the transition to relatively expensive international sources of gas, flow through to wholesale tariffs – and potentially drive increased futuregrowth of renewables?
    • What will be the impact of renewables growth on power prices in the long term?

    This report:
    • Presents our annual projections for wholesale electricity and gas prices out to 2050 or 2060, depending on client requirements, for our three internallyconsistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and path to gas and power sector reform.

  • Turkey

    Wholesale Electricity Price Projections for Turkey

    Flyer
  • In our latest market report for Turkey, we explore:
    • What are the recent and expected changes in the energy market?
    • How will a potential carbon market will affect the prices?
    • How will the annual baseload prices develop?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2040 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (as a basis for a potential carbon market in Turkey).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • Turkmenistan

    Wholesale Electricity Price Projections for Turkmenistan

  • For further details on the market report for Turkmenistan, please contact Philip Gueorguiev (philip.gueorguiev@afry.com)

  • United Arab Emirates

    UAE Electricity & Water Market Report

    Flyer
  • Our report and BID3 model divide the UAE into three planning regions, focussing on the larger EWEC region which contains Abu Dhabi:
    • EWEC region: covers the emirates of Abu Dhabi, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. In the EWEC region, Emirates and Water Electricity Company (EWEC) is responsible for power & water system planning.
    • DEWA region: covers the emirate of Dubai. Dubai Electricity and Water Authority (DEWA) plans and operates the power and water systems in Dubai.
    • SEWA region: covers the emirate of Sharjah. Sharjah Electricity and Water Authority (SEWA) plans and operates the power and water systems in Sharjah.

    This report:
    • Presents our annual projections for installed capacity, generation and the value of electricity for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of capacity expansion in each scenario, including: the evolution of electricity and water demand; developments in technology costs; and fuel prices.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; impact of nuclear, solar PV and storage on system operation; and value of existing and new power plants.

  • Ukraine

    Wholesale Electricity Price Projections for Ukraine

    Flyer
  • In our latest market report for Ukraine, we explore:
    • The development of the electricity market and its integration into the European market.
    • The prospects of the renewable energy sector given recent regulatory changes as well as the investment attractiveness of the sector for private parties.

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2040 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the EU Emissions Trading Scheme (with pass-through assumptions used for the Ukrainian market).
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • CAISO, United States of America

    Wholesale Electricity Price Projections for CAISO Market

    Flyer
  • In our latest market report for CAISO, we explore:
    • How will California meet their ambitious RPS and CO2 reduction targets?
    • What will the future of gas generation look like?
    • What are the effects of intermittent generation and storage on price shape?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2050 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the Emissions Trading Scheme operating in California.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • ERCOT, United States of America

    Wholesale Electricity Price Projections in ERCOT

    Flyer
  • The Electric Reliability Council of Texas (ERCOT) manages the Texas Interconnection which accounts for 90% of the state’s total electric loadIn our latest market report for ERCOT, we explore the following questions:
    • How will increasing demand be met in the future?
    • How will further increases in renewable capacity affect the system?
    • What impact could extreme weather have on prices?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2040 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable support; and the issues facing the market.
    • Is based on highly detailed modelling from our suite of worldwide commodity models,including coverage of the heat and transport sectors.

  • ISO-NE, United States of America

    Wholesale Electricity Price Projections in ISO-NE

    Flyer
  • The Independent System Operator New England (ISO-NE) covers nearly all load in the 6 New England states of Maine, New Hampshire, Vermont, Massachusetts, Connecticut and Rhode Island.In our ISO-NE report, we explore:
    • How will the ISO-NE states meet their ambitious RPS targets?
    • What will the future of gas generation look like?
    • What are the effects of intermittent generation and storage on prices?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2040 for our Central scenario.
    • Considers the main drivers of electricity prices, including the evolution of: the generation capacity mix; commodity prices; and technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: the issues facing the market; ISO-NE market operation; and the impact of weather years.
    • Is based on highly detailed modelling using our in-house power market model BID3.

  • MISO, United States of America

    Wholesale Electricity Price Projections in MISO

  • Midcontinent Independent System Operator (MISO) operates a competitive wholesale electricity market stretching from Montana in the west, to Michigan in the east and Louisiana in the south For further details on the market report for MISO, please contact Ingolf Dorn (ingolf.dorn@afry.com)

  • NYISO, United States of America

    Wholesale Electricity Price Projections in NYISO

    Flyer
  • New York Independent System Operator (NYISO) is responsible for managing New York's electric grid and its competitive wholesale electric marketplace.For further details on the market report for NYISO, please contact Claire Behrens (claire.behrens@afry.com)

  • PJM, United States of America

    Wholesale Electricity Price Projections for the PJM Market

    Flyer
  • PJM serves 65m consumers in 13 U.S. states plus the District of Columbia, managing the high-voltage electricity grid covering these territories and operating several markets including a competitive wholesale electricity market and a capacity market.In our latest market report for PJM, we explore:
    • What will the role of renewables be in PJM’s future generation mix?
    • What will the future for PJM’s coal fleet look like?
    • How will gas pipeline constraints and rising prices affect the gas-fired fleet?

    This report:
    • Presents our annual projections for wholesale electricity prices out to 2040 for our three internally consistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; carbon and commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and the RGGI Emissions Trading Scheme.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

  • SPP, United States of America

    Wholesale Electricity Price Projections in SPP

  • Southwest Power Pool (SPP), manages the electric grid and wholesale power market for the central United States.For further details on the market report for SPP, please contact Ingolf Dorn (ingolf.dorn@afry.com)

  • WECC, United States of America

    Wholesale Electricity Price Projections in WECC

  • The Western Interconnection stretches from Western Canada south to Baja California in Mexico, reaching eastward over the Rockies to the Great Plains.For further details on the market report for WECC, please contact Charles Merrick (charles.merrick@afry.com)

  • Uzbekistan

    Wholesale Electricity Price Projections for Uzbekistan

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  • (For further details on the market report for Uzbekistan, please contact Philip Gueorguiev (philip.gueorguiev@afry.com)

  • Vietnam

    Wholesale Electricity Price Projections for Vietnam

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  • In our latest market report for Vietnam, we explore:
    • How will Covid-19 affect Vietnam’s power development as demography and economy change?
    • What is the outlook for future domestic and imported gas supply?
    • What will be the long-term impact of renewable energy on power prices?
    • What is latest news on curtailment of new renewables projects and moves to build extra transmission to get much-needed power to market?

    This report:
    • Presents our annual projections for wholesale electricity and gas prices out to 2050 or 2060, depending on client requirements, for our three internallyconsistent scenarios (High, Central and Low).
    • Considers the main drivers of electricity prices in each scenario, including: the evolution of generation capacity mix; commodity prices; and developments in technology costs and electrification.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; renewable subsidy support schemes; and path to gas and power sector reform.

  • EU ETS

    Carbon Price Projections for the EU ETS

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  • In our latest market report for the European Union Emissions Trading Scheme (EU ETS), we explore:
    • an overview of the EU ETS;
    • key price risks and issues facing the market;
    • key drivers of carbon prices; and
    • our carbon price projections.

  • Western Europe

    Western European & Global Gas Supply Study

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  • In our latest market report for Western European and Global Gas, we explore:
    • What is the range of potential European gas demand?
    • How fast are European gas reserves declining? And, how will global gas production hold up in the longer term?
    • What is the outlook for the wider global LNG market, both in terms of new supplies and new demand?
    • How significant will the impact of decarbonisation be on European gas demand? And, how will this impact upon gas prices?

    This report:
    • Presents our annual projections for wholesale gas prices out to 2060 for our three internally consistent scenarios (High, Central and Low). These scenarios incorporate total energy system decarbonisation trajectories across the European electricity, heat and transport sectors.
    • Considers the main drivers of gas prices in each scenario, including: the evolution of gas supply and demand; oil prices; and new sources of gas and their long-run costs.
    • Delivers in-depth market intelligence, including insights into: government policy and regulation; new infrastructure under construction and planned; and the future balance of the global LNG market.
    • Is based on highly detailed modelling from our suite of worldwide commodity models, including coverage of the heat and transport sectors.

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