LONDON, October 16, 2017 /PRNewswire/ --
ICIS has just published a comparison study of
renewable energy subsidy schemes throughout Europe.
(Logo:
http://photos.prnewswire.com/prnh/20160408/353056LOGO )
With this Market Insight Paper, ICIS explores the different
paths that Germany, Poland and the UK have chosen on their way to
achieving their renewable targets and a cost reduction for the
installation of renewable technologies.
All three countries chose to support renewable generation with a
market premium on top of the electricity wholesale price for
non-micro generation. In order to fuel the transformation of their
power sector towards more renewable capacity, Germany and the UK - and to a large extent
also Poland - have launched
technology-specific auctions.
"In Germany and the UK, the first auction results have shown a
high degree of cost degression," said Marcus Ferdinand, Lead analyst EU Power &
Carbon Analytics at ICIS. "This trend of decreasing prices for
renewables shows the competitiveness of renewable sources, but puts
forward challenges for project developers, suppliers and investors
who will have to adapt quickly to the changing market
environment."
The insight paper was written by our analysts and editors as
part of a new online tool called Power Perspective,
which brings together the policy and regulation framework of energy
markets throughout Europe.
"Power Perspective is the missing link in energy markets; it
allows the user to compare the fast-changing energy regulation and
policy landscape almost in real time," said Philipp Ruf, Director - EU Power & Carbon
Analytics at ICIS.
"Rich data sets combined with intelligent filter options allow
the user to adapt the product to everyone's unique needs, acting as
a powerful filtering option," he said.
Marcus Ferdinand said that
changes to renewable policies are a main driver for long-term power
price developments.
"Spanning all 28 EU power markets, Power Perspective is the
first analytical tool that enables cross-border comparisons to spot
investment opportunities, trends and trading opportunities,"
Ferdinand said.
Download the insight paper
https://www.icis.com/contact/europe-goes-renewable-the-evolution-of-renewable-subsidy-schemes/
Find out more about Power
Perspective
https://www.icis.com/energy/powerperspective/
Register for the free ICIS webinar:
Germany's and Poland's electricity markets in transition on
19 October 2017 at 15:00 CEST / 14:00
BST
https://www.icis.com/resources/webinars/icis-webinar-germanys-and-polands-electricity-markets-in-transition/
About ICIS
ICIS is the world's largest petrochemical market information
provider, with divisions spanning energy and fertilizers. Our aim
is to give companies in global commodities markets a competitive
advantage by delivering valuable information and analytics tools
which enable our customers to identify and react to opportunities
in markets which are constantly evolving. We have more than 30
years' experience of providing pricing intelligence and news,
forecast data, market analytics and independent consulting to
buyers, sellers and analysts.
With a global staff of more than 600, ICIS has employees based
in London, Houston, New
York, Singapore,
Dubai, Shanghai, Guangzhou, Beijing, Mumbai, Tokyo, Karlsruhe, and Milan. ICIS's team of journalists is engaged
in reporting market prices and news, and ICIS is fully committed to
upholding the highest journalistic principles of verification,
corroboration and authentication. ICIS has a compliance framework
that along with its methodologies and business processes adheres to
the requirements of the IOSCO PRA Principles.
ICIS is a division of Reed Business Information,
part of RELX Group.
About Reed Business Information
Reed Business Information provides information, analytics and
data to business professionals worldwide. Our strong global
products and services hold market-leading positions across a wide
range of industry sectors including banking, petrochemicals and
aviation where we help customers make key strategic decisions every
day. RBI is part of RELX Group, a world-leading provider of
information and analytics for professional customers across
industries. http://www.reedbusiness.com
About RELX Group
RELX Group is a world‐leading provider of information and
analytics for professional and business customers across
industries. The group serves customers in more than 180 countries
and has offices in about 40 countries. It employs approximately
30,000 people of whom half are in North
America. RELX PLC is a London listed holding company which owns 52.9%
of RELX Group. RELX NV is an Amsterdam listed holding company which owns
47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using
the following ticker symbols: London: REL; Amsterdam: REN; New
York: RELX and RENX. The total market capitalisation is
approximately £33.3bn|€37.5bn|$44.3bn. www.relx.com
Media contacts
Jamie Stewart, power markets
editor, ICIS
Email: jamie.stewart@icis.com
Direct: +44-(0)-207-911-1933