European Power Utilities Report – Q1 2014

European Power Utilities Report – Q1 2014

The EU launched a new energy policy framework for 2030 emphasizing energy competitiveness.

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high voltage power lines
  • Electricity baseload prices in Continental Europe have continued their trend of low values (around 30€/MWh), high volatility and low differential vs peak prices.
  • Prices in the UK have slightly decreased to around 40€/MWh, with lower volatility and low differential vs peak
  • Gas border prices in Europe have stabilised around 12 USD/MMBTU, well above Henry Hub levels (4 USD/MMBTU)
  • Coal continues to decline in price, reaching 70-80 USD/t
  • As a result, spark spreads are negative across Continental Europe (close to zero in the UK), while dark spreads are only marginally positive

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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