Wholesale electricity price projections for Portugal
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Pöyry Management Consulting releases a new electricity report for Portugal which provides an in-depth analysis of its electricity market, with main focus on renewables, and forecasts the value of electricity for the country. Pöyry Management Consulting is pleased to announce the release of a new ILEX Energy Report – Wholesale Electricity Price Projections for Portugal. This report provides wholesale electricity price projections for Portugal out to 2035 in three internally consistent scenarios - High, Central and Low. Our modelling expertise is complemented by our knowledge of the European and Latin American electricity markets. We use this to summarise the Portuguese market, highlighting the key issues for the coming years. Our price projection scenarios illustrate a reasonable range of outcomes in wholesale electricity prices for Portugal. The projections are for sustainable long-term levels based on fundamental price drivers. We use our electricity model to examine the effect of differences in key drivers, such as: • electricity demand; • fuel and gas prices, derived from our suite of models; • government policies on renewable generation; and • construction of new generation capacity. Modelling wholesale markets with an hourly resolution allows us to produce merit order curves and price duration curves, helping clients to better understand the detail underlying of our price projections. Interconnection restrictions are also modelled providing visibility at a given location for project developers. Our model produces detailed results for each plant in our database, including revenues and costs on an hourly basis. We use this to check that our assumptions about future investment decisions are supported by adequate levels of expected return. Our price projections are accompanied by a review of major developments in the Portuguese wholesale electricity market, such as: • background to the industry; • legal framework and recent changes to renewable policies; • changes to market drivers; • the Portuguese tariff deficit; • commercial and regulatory arrangements within Iberia; and • status of renewables, focusing on wind and solar, as well as action plans and future outlook. In addition, our price projections are also supported by a description of the current wholesale electricity market – sources of supply and demand, major players, commercial arrangements and an overview of the regulatory and policy framework with special focus on renewables. In this regard we provide an in-depth analysis of the wind and solar (CSP and PV) markets in Portugal, examining the background and the status of both industries as well as our views on how the future is expected to develop in these renewable industries. Pöyry Management Consulting provides a wide range of bespoke services covering the Portuguese energy market. Pöyry has an extensive experience in valuation of conventional and renewable assets (e.g. PV, CSP, biomass and wind), supporting our clients in M&A transactions and securing Project Finance. Wholesale electricity price projections for Portugal 2013 EDITION
Transcript of Wholesale electricity price projections for Portugal
Pöyry Management Consulting releases a new electricity report for Portugal which provides an in-depth analysis of its electricity market, with main focus on renewables, and forecasts the value of electricity for the country.Pöyry Management Consulting is pleased to announce the release of a new ILEX Energy Report – Wholesale Electricity Price Projections for Portugal.
This report provides wholesale electricity price projections for Portugal out to 2035 in three internally consistent scenarios - High, Central and Low.
Our modelling expertise is complemented by our knowledge of the European and Latin American electricity markets. We use this to summarise the Portuguese market, highlighting the key issues for the coming years.
Our price projection scenarios illustrate a reasonable range of outcomes in wholesale electricity prices for Portugal. The projections are for sustainable long-term levels based on fundamental price drivers.
We use our electricity model to examine the effect of differences in key drivers, such as:• electricitydemand;• fuelandgasprices,derived fromoursuiteofmodels;• governmentpoliciesonrenewable
generation;and• constructionofnewgenerationcapacity.
Modelling wholesale markets with an hourly resolution allows us to produce merit order curves and price duration curves, helping clients to better understand the detail underlying of our price projections.
Interconnection restrictions are also modelled providing visibility at a given location for project developers.
Our model produces detailed results for each plant in our database, including revenues and costs on an hourly basis. We use this to check that our assumptions about future investment decisions are supported by adequate levels of expected return.
Our price projections are accompanied by a review of major developments in the Portuguese wholesale electricity market, such as:• backgroundtotheindustry;• legalframeworkandrecentchangesto renewablepolicies;• changestomarketdrivers;• thePortuguesetariffdeficit;
• commercialandregulatoryarrangements withinIberia;and• statusofrenewables,focusingonwindand solar, as well as action plans and future outlook.
In addition, our price projections are also supported by a description of the current wholesale electricity market – sources of supply and demand, major players, commercial arrangements and an overview of the regulatory and policy framework with special focus on renewables. In this regard we provide an in-depth analysis of the wind and solar (CSP and PV) markets in Portugal, examining the background and the status of both industries as well as our views on how the future is expected to develop in these renewable industries.
Pöyry Management Consulting provides a wide range of bespoke services covering the Portuguese energy market. Pöyry has an extensive experience in valuation of conventional and renewable assets (e.g. PV, CSP, biomass and wind), supporting our clients in M&A transactions and securing Project Finance.
Wholesale electricity price projections for Portugal
2013 EDITION
The Portuguese electricity report is the definiteguideforcompanieslookingtofully understand the intrinsic workings and mechanisms of the Portuguese market in order to help our clients make potential investment decisions.
As a complementary product, Pöyry can provide complete arrays of projected hourly prices out to 2035.
We also offer bespoke options: • plant-specificloadfactorsand
capture prices; • sensitivityanalysis;and• modelrunsusingclientdefined inputassumptions.
Over recent years, we have invested in the development of a suite of advanced models, in order to investigate the market effects of high levels of intermittent wind generation. With these models we project prices and plant operation for 8760 hours each year. We would be pleased to discuss with you how our market insight can help your business.
ILEX ENERGY REPORTSPöyry Management Consulting produces ILEX Energy Reports for electricity, gas, carbon and greencertificatemarketsacrossEurope.
Pöyry Management Consulting is Europe’s leading energy consultancy, providing strategic, commercial, regulatory and policy advice to the energy market.
Our team of over 250 European energy specialists,locatedacross15officesand12countries, offers unparalleled expertise in the rapidly changing energy sector.
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ContactPöyryformoreinformation:
Antonio de Juan Ferná[email protected]
Pöyry Management Consulting (UK) Ltd.Edifício Gran Vía de Hortaleza
Calle Arequipa, 1, Tercera PlantaE-28043 MADRID
España+34 615 457 290
Registered No. 2573801
www.poyry.co.uk
Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of industry, energy, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally.
