Impact of Low Energy Prices on the Nordic Power Generation Mix

Date: 2016-08
Pages:10
Price:

Impact of Low Energy Prices on the Nordic Power Generation Mix

Summary

The energy mix of the Nordic region is largely dominated by hydropower. Thermal accounted for one sixth of the entire electricity generation in this region in 2015. Renewable energy sources account for close to 20% of the electricity generated in this region, and are dominated by wind and biopower.

The electricity prices in the Nordic region have declined in recent years, and the current energy price levels are the lowest in last 12 years. The decline in electricity prices can be attributed to a decline in overall demand due to comparatively warmer weather since 2013, and a decline in prices of energy sources such as coal and oil, leading to increased thermal generation. The low energy prices have encouraged the growth of cheaper energy resources such as thermal and hydro, while the comparatively costly resources such as solar and wind have been negatively impacted. However, this will be a short-term effect; in the medium term renewable energy sources will continue to grow due to the adoption of country-level renewable energy targets, stable energy prices, and the constantly declining generation cost of generation from renewables, which will make the projects viable.

Scope

– Power generation mix of Nordic region
– Renewable targets in Nordic region
– Electricity and energy prices in Nordic region
– Impact of energy prices in the wind power sector and cancelled wind power projects in Nordic region

Reasons to buy

– Understand the impact of low energy prices on the power generation mix of Nordic region
– Identify renewable targets and power generation mix of Nordic region, average electricity tariff in Europe and Nordic region during the period 2012-2015, and global price of oil and coal between 2010 and 2015
– Gain insight into the impact of energy prices in wind sector
– Identify cancelled wind power projects in Nordic region

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