The European Long-Term Power Forecast service delivers fundamental power supply, demand and pricing forecasts through to 2050 across key European markets, including monthly and yearly baseload prices and capture prices for wind/solar plants. The service provides detailed assumptions behind the price forecasts, including:
This service builds on SPGCI’s hourly price forecasting approach, incorporating the price sensitivity of new forms of demand (e.g., EVs, electrolysis and heat pumps) and supply (e.g., batteries, hydrogen burning plants, carbon capture and storage). The service also brings together SPGCI’s insights on fuel and carbon price trajectories through 2050, which allows customers to view a holistic story of Europe’s road to decarbonization and understand the key drivers for power prices.
The service will also provide scenarios around the main reference case which will allow clients to assess main price risks around key parameters, such as different commodity price inputs or changing policy and technology assumptions.
The forecasts are updated on a quarterly basis.
Regional coverage for this service includes the following European markets:
Great Britain
Italy
Portugal
Switzerland
This service is delivered via a PDF report on Platts Dimensions Pro, with the data attached in a separate Excel spreadsheet (data includes capacity, generation, power demand, forecast prices, and more).
Clients will be able to visualize the forecasts through a dedicated page in Platts Dimensions Pro.
