Across Europe, significant changes are underway in electricity markets, including the introduction of capacity mechanisms, rapid expansion of solar and wind power, increased battery deployment, and evolving trade measures. These developments are likely to have implications beyond national borders and may influence electricity prices, volatility, and trade patterns in the Nordic region towards 2035.
On behalf of the Nordic Electricity Market Group, Nordic Energy Research has commissioned a new study analysing how developments in neighbouring countries may affect Nordic electricity markets. This event marks the launch of the report and presents its main findings. Based on detailed power market modelling, the study provides insights into cross-border spillover effects, highlighting why developments outside the Nordics are relevant for Nordic policymakers and market actors.
The report explores a range of scenarios to illustrate how different reforms may affect Nordic markets. These include the impact of large-scale gas capacity investments in countries such as Germany and Poland following the introduction of capacity mechanisms, as well as the effects of alternative support schemes and market arrangements in countries like the United Kingdom.
It also examines how varying levels of solar and wind expansion, battery deployment, and trade measures in neighbouring markets may influence Nordic price formation, price volatility, and cross-border flows.
Programme
- WELCOME AND INTRODUCTION
Andrea Stengel, Nordic Energy Research - PRESENTATION OF THE REPORT
Simon Brandkamp – Manager at THEMA Consulting Group, Arndt von Schemde – Partner at THEMA Consulting Group, Gary Keane – partner at CEPA and Stephen Garavan – Managing Consultant at CEPA - COMMENTS AND DISCUSSION
Oliver Ruhnau, Professor Doktor at Universität Köln - Q&A