Impact of Low Energy Prices on the Nordic Power Generation Mix
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The energy mix of the Nordic region is largely dominated by hydropower. Thermal accounted for one sixth of the entire electricity generation in this region in 2015. Renewable energy sources account for close to 20% of the electricity generated in this region, and are dominated by wind and biopower. The electricity prices in the Nordic region have declined in recent years, and the current energy price levels are the lowest in last 12 years. The decline in electricity prices can be attributed to a decline in overall demand due to comparatively warmer weather since 2013, and a decline in prices of energy sources such as coal and oil, leading to increased thermal generation. The low energy prices have encouraged the growth of cheaper energy resources such as thermal and hydro, while the comparatively costly resources such as solar and wind have been negatively impacted. However, this will be a short-term effect; in the medium term renewable energy sources will continue to grow due to the adoption of country-level renewable energy targets, stable energy prices, and the constantly declining generation cost of generation from renewables, which will make the projects viable.
Scope
Power generation mix of Nordic region
Renewable targets in Nordic region
Electricity and energy prices in Nordic region
Impact of energy prices in the wind power sector and cancelled wind power projects in Nordic region
Reasons to Buy
Understand the impact of low energy prices on the power generation mix of Nordic region
Identify renewable targets and power generation mix of Nordic region, average electricity tariff in Europe and Nordic region during the period 2012–2015, and global price of oil and coal between 2010 and 2015
Gain insight into the impact of energy prices in wind sector
Identify cancelled wind power projects in Nordic region
wpd Finland Oy
Nord-Norsk Vindkraft AS
Finnmark Kraft AS
Statkraft Agder Energi Vind DA
Statskog SF
Troms Kraft Produksjon AS
Vestavind Kraft AS
Zephyr AS
Table of Contents
Table
Figures
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.