As European energy markets liberalise, the development of wholesale traded markets assumes a greater importance as new retail market entrants seek access to wholesale supply. Currently, widely differing market dynamics, stages of competitive development and attitudes to liberalisation at all levels in individual markets means that wholesale market development varies significantly across Europe.

• assessments of current and future wholesale market development in both the gas and power markets.
• insight into the main structural and market based factors driving wholesale market development in each market.
• detailed forecasts of sectoral switching and churn rates and the resultant size of wholesale markets over a ten year forecast period.
• deep understanding of the likely development of regional trading hubs in the wake of individual wholesale market developments.


Highlights



The effects of an already well developed power market combined with likely developments in gas trading liquidity will see Denmark's combined ratio of traded gas and power wholesale volumes to absolute demand volumes leading the field at the end of the 2018 forecasting period.





In proportional (though not volume) terms, the Netherlands will be the most liquid of the gas markets surveyed by 2018 as a result of continued development of the TTF market. This will be driven by the presence of strong structural factors, specifically upstream production, indigenous demand and a decline in gas production elsewhere in Europe.





The scope for the development of regional gas hubs is considerably greater over the forecast period than for the development of power hubs. This reflects both current market dynamics, the nature of trade flows and the greater degree of individual self sufficiency in gas compared to power.



Reasons to Purchase


• capitalise on the commercial opportunities available from wholesale market development.
• gain a deeper understanding of how market opening and wholesale market development will alter the operational environment in specific markets.
• become aware of the specific stages of wholesale market development and align these stages with the stages reached in individual countries.