European power markets at a turning point, with Iben Frimann-Dahl and Francesca Bjørnflaten
Let’s Talk Energy and unpack the European power sector. Once a fairly mundane topic, it has now become one of the most dynamic and contentious debates in the energy world.
Episode description
Let’s Talk Energy and unpack the European power sector with Iben Frimann-Dahl, Rystad Energy Advisory Partner, and Francesca Bjørnflaten, Vice President of Renewables & Power Research. European power was once a fairly mundane topic, but not anymore. Today, it’s one of the most interesting and perhaps contentious topics in energy. The continent’s electricity markets are at a pivot point as countries integrate an ever-rising share of renewables while ending their dependence on Russian natural gas. Such a significant evolution is rarely smooth or linear. European wholesale power prices have risen by 30% in the past year and rising energy costs have become a major headache for companies, consumers and governments. Can Europe control consumer energy costs while it continues to build out a power system that is cleaner and less reliant on imported fuel? How can companies navigate this evolution profitably and are the current business models fit for purpose? What can other regions learn from Europe as they continue to grow, modernize and decarbonize their own power sectors?
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