5 May 2020
New interactive chart shows COVID-19's impact on future electricity prices
AFRY has conducted an in-depth, pan-European analysis to uncover how different electricity markets will be impacted by COVID-19 and how the various price drivers may interact.
For example, we can see that in France:
- Wholesale electricity prices could decrease by approximately 20% in 2021 compared to a business as usual case, caused mainly by a drop in fuel and carbon prices, as well as decreased electricity demand.
- Offsetting the decline in prices are delays in commissioning of renewable and thermal capacities, and lower nuclear availability and generation targets announced by EDF.
Due to the extraordinary circumstances of COVID-19, we are currently offering non-subscribing clients the opportunity to access our short to medium term projections.