Why are European Wholesale Electricity Prices Soaring?

  • Focus Area -
  • Type Data Insight
  • Date 23 November 2021
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Abstract

Since the beginning of summer 2021, European wholesale electricity prices have been soaring to historic highs. The average day-ahead price of electricity for central European countries more than doubled between June and September, reaching 170 euros per megawatthour (e/MWh) on September 15. This data insight discusses this unprecedented increase in wholesale electricity prices and their key drivers.

 

Authors

Marie Petitet

Marie Petitet

Research Lead Marie joined KAPSARC in 2021 as a research lead in the Utilities and Renewables program. Her current research focuses on…

Marie joined KAPSARC in 2021 as a research lead in the Utilities and Renewables program. Her current research focuses on power system modeling, market designs for energy transitions and framework analysis for reliable and resilient power systems.
Prior to joining KAPSARC, Marie worked as a research engineer within the Research and Development unit of the utility group EDF in Paris, France. During her EDF journey, she worked on long-term and short-term electricity market design, European transmission grids, and smart charging opportunities for electric vehicles. Marie also worked as a researcher within the market department of the French transmission system operator, RTE.
Marie holds a Ph.D. in Economics from Dauphine University, PSL (France), an M.Sc. in Environmental and Energy Economics from École des Ponts ParisTech (France), and an M.Sc. in Engineering from ENSTA Institut Polytechnique de Paris (France).

Expertise

  • Electricity Markets
  • Energy Transition
  • Energy and Climate Policy
  • Renewables
  • Reliability and Resiliency of Power Systems
  • Power Systems Modeling

Publications See all Marie Petitet’s publications

Fateh Belaïd

Fateh Belaïd

Fellow II was a full professor of economics at Lille Catholic University and director of the Smart & Sustainable Cities research unit.… was a full professor of economics at Lille Catholic University and director of the Smart & Sustainable Cities research unit. Fateh has also held various positions at the French Scientific and Technical Center for Building and led multiple collaborative projects for the French Ministry of Ecological Transition and the European Commission. He is an energy and environmental economist drawing from the fields of applied microeconomics, energy modeling, and econometrics. He has published widely on household energy consumption, energy-saving behaviors, individual preference and investment in energy efficiency, energy poverty, renewables, and energy policy. He received a habilitation for supervising doctoral research from Orléans University, a Ph.D. in Economics, an M.S. in Applied Economics & Decision Theory from Littoral University, and an engineering degree in statistics. His work has been published in journals including Ecological Economics, The Energy Journal, Energy Economics, Economic Surveys, Energy Policy, and Environmental Management

Expertise

  • Energy and Environmental Economics; Energy Efficiency; Energy Demand; Fuel Poverty; Energy Policy; Energy Saving Behaviors; Applied Econometrics; Smart and Sustainable Cities.

Publications See all Fateh Belaïd’s publications

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