European power market outlook 2024
26 April 2024
The European power market outlook 2024: Faster but dearer
While the European power market has been significantly impacted by the Russian invasion of Ukraine, policy responses and higher-than-expected volumes of liquefied natural gas (LNG)—replacing Russian pipeline gas volumes—have reduced some of the expected impact.
Read our latest power market outlook to understand the opportunities created by:
- The energy transition accelerating: An exploration of the speed drivers including, resilient PPA demand, policy ambition, and reduced barriers to development
- Why it’s coming at a higher cost: The impact of interest rates, commodity prices, protectionist policies, and the increased cost of renewables deployment
Related Insights
Not net zero: Reframing the case for energy efficiency
The retrofit conversation needs to shift beyond net zero. It's a significant economic opportunity for GB PLC.
Read more
Dissecting the REMA decision
Three years in the making, the Review of Electricity Market Arrangements (REMA) decision has now been published: the UK Government has decided to retain the national wholesale price.
Read more
What might a reformed GB national power market look like under REMA?
Discover how a reformed national market is likely to include significant changes to current market arrangements, with material impacts for market participants.
Read more
Investing in uncertainty: European power market outlook 2025
Our latest outlook points to a more uncertain energy transition, shaped by political and economic volatility across Europe in the form of Trade Wars, Populism and Remilitarisation.
Read moreRelated Client Stories
Shaping New Zealand’s energy transition conversation
How do you create a distributed energy model that draws on best practice from around the world but is also fit-for-purpose for New Zealand?
Read more
Electricity network operator: securing critical national infrastructure with hybrid defences
Breaking new ground with a hybrid security approach.
Read more
Maximising impact from AI investment for a global energy leader
Discover how a series of experiential learning events resulted in employee confidence in AI skills hitting 85%.
Read more
Maintaining the stability of the New South Wales power system
How do you ensure the future stability of the NSW power system?
Read moreIs digital and AI delivering what your business needs?
Digital and AI can solve your toughest challenges and elevate your business performance. But success isn’t always straightforward. Where can you unlock opportunity? And what does it take to set the foundation for lasting success?