European Power Volumes and Prices: H1 2023 in Review

Report Summary:

Falling power prices were a standout feature of European markets in the first half of 2023 and can be attributed to the combined influences of the mild winter, lower global commodity prices, and weaker power demand. The drop in demand also coincided with strong growth in wind and solar supply and this combination has placed renewable integration difficulties firmly in the spotlight for policy makers and investors alike.