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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

Senior Research Associate Marie is a senior research associate in the Energy Transitions and Electric Power program at KAPSARC. Her current research focuses… Marie is a senior research associate in the Energy Transitions and Electric Power program at KAPSARC. Her current research focuses include power system modeling and market designs for energy transitions. Prior to joining KAPSARC, Marie worked as a research engineer within the Research and Development (R&D) unit of the utility group EDF in Paris, France. During her EDF journey, she worked on long-term and short-term electricity market design, transmission grids at the European scale, 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

Publications See all Marie Petitet’s publications

Fateh Belaïd

Research Fellow Fateh was a full Professor of Economics at Lille Catholic University, and Director of the Smart and Sustainable Cities research… Fateh was a full Professor of Economics at Lille Catholic University, and Director of the Smart and Sustainable Cities research unit, with appointments at École des Ponts and Chaussées ParisTech, and Ecole Nationale des Sciences Géographiques. Fateh has also held various positions at the French Centre Scientific and Technical Center for Building and led multiple collaborative projects for the French Ministry of Ecological Transition and the European Commission. He received a Habilitation for Supervising Doctoral Research from Orléans University, a Ph.D. in Economics, an M.S. degree in Applied Economics and Decision Theory from Littoral University, and an engineering degree in statistics. He is an energy and environmental economist drawing from the fields of applied microeconomics, energy modeling, and econometrics. Credited with 50+ papers, he has published widely on household energy consumption, energy-saving behaviors, individual preference and investment in energy efficiency, fuel poverty, renewable energy and energy policy.

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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