Europe Electricity Market Top Key Players - NATIONAL GRID PLC, SIEMENS, ENEL GREEN POWER, STATKRAFT AS, AGDER ENERGY SA

Good weather conditions and warm winters in 2019-2020 have changed the mixed energy scenario in Europe. Coal and lignite-fired power plants produced 22% less power, while nuclear power plants produced 11% less in FY2020 compared to FY2019.

Electricity rates for industrial users in the EU rose by 1% in the fourth quarter of 2020 compared to the previous quarter. Meanwhile, China's industrial prices rose 1%, reversing the decline observed over the past two years. U.S. industrial electricity prices fell 8% quarterly in the fourth quarter of 2020 and were the lowest since 2017 on a euro basis.

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The sharp decline in nuclear and coal-fired power output is caused by a number of factors, including fuel optimization. Use during declines in electricity demand, decommissioning of plants, scheduling maintenance work, and unexpected shutdowns due to low river water levels.

EUROPE ELECTRICITY MARKET SEGMENTATION

By Power Generation
• Thermal
• Hydroelectric
• Renewable
• Others

By Power Transmission

Transmission System Operators (TSOs) provide grid access for players in the electricity market, including power generation companies, suppliers, and distributors. They are responsible for the mass transmission of power using the main high-voltage lines. The European Transmission Grid Operators Network (ENTSO) represents 43 TSOs in 36 European countries.

Power Distribution

European power distribution system administrators are very stable and excellent quality power supply manufacturers to their customers. European distribution systems are essentially different. The number and size of operating areas, total number of customers, network characteristics, etc. are different. Distribution system administrators (DSOs) need to compensate for losses and maintain power continuity in the face of new types of loads.

By Geography

Regional wholesale market has been discussed in the report as shown below.

• CENTRAL WESTERN EUROPE (Austria, Belgium, France, Germany, Luxembourg, the Netherlands, Switzerland)
• NORTHERN EUROPE (Denmark, Estonia, Finland, Latvia, Lithuania, Sweden, Norway)
• SOUTH WESTERN EUROPE (Czechia, Hungary, Poland, Romania, Slovakia, Slovenia)
• SOUTH EASTERN EUROPE (Bulgaria, Croatia, Greece and Serbia)

KEY TRENDS SHAPING THE EUROPE ELECTRICITY MARKET

• A rise in wholesale electricity prices due to higher allowances and rising gas prices.

• The European Union's goal of completely decarbonizing the electricity sector by 2050 through supporting policies, including EU Emissions Trading Scheme, legislation to combat air pollutant emissions from renewable energy regulated industrial facilities.

• Electricity across Europe is driving the demand for electric vehicles.

• Recent changes in energy consumption demand.

• Growing share of renewable energy in Europe and changing energy mix.

MAJOR PLAYERS
• NATIONAL GRID PLC
• SIEMENS
• ENEL GREEN POWER
• STATKRAFT AS
• AGDER ENERGY SA

Read More Information: https://mobilityforesights.com/product/europe-electricity-market/

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