Enerdata, in collaboration with Trinomics, E3M, Oeko, Atico and LBST, has been selected for the fifth consecutive time in a row by the Directorate General Energy of the European Commission to undertake the latest edition of the Study on energy prices and costs. Enerdata has been actively involved in all previous editions, spanning the years 2016, 2018, 2020, 2022, and 2024!
The study aims at understanding the role of renewable energy in wholesale electricity markets. It will further delve into the analysis of the recent surge in energy prices affecting European households and industry costs. Indeed, energy prices and costs are a major concern for European governments, citizens, and businesses as they can significantly impact household budgets, industrial competitiveness, and the profitability of various electricity generation technologies. Moreover, they may influence consumption and investment behaviour, playing a pivotal role in steering the transition towards a climate-neutral economy and limitating wasteful consumption.
In this context, Enerdata will provide up-to-date data on energy prices in wholesale markets, including emerging alternative fuels, and study their drivers, such as carbon prices, gas storage levels, the share of LNG in gas supply, interconnection levels, and more.
Enerdata will also quantify and analyse the European Union's import dependency and energy import bill, taking into account key characteristics such as volume, trends, and prices, while considering the effects of inflation.
Additionally, Enerdata will compile an inventory of Member States’ energy taxes and levy policies to measure their impacts on consumers and on state budgets and revenue.
Study on energy prices and costs: Understanding the Impacts on European households and industry
April 14, 2022
Following studies run in 2018 and 2020, Enerdata, in partnership with Trinomics, E3M, Oeko and LBST, has been selected by the Directorate General Energy of the European Commission to perform the Study on energy prices and costs.
The study aims at improving the impacts understanding of the current energy prices surge on European households and industry’s costs. Indeed, energy prices and costs are a major concern for European governments, citizens and businesses as they can significantly affect households' budgets, the competitiveness of industry and profitability across electricity generation technologies. They may also affect consumption and investment behaviour and contribute to avoid wasteful consumption and to steer the transition towards a climate-neutral economy.
In this context, Enerdata will provide up-to-date data on energy prices on wholesale markets, including new alternative fuels, and on their drivers such as carbon prices, gas storage levels, shares of LNG in gas supply, level of interconnection and more.
Enerdata will also analyse the consequences of energy price variations on the European energy bills, on the inflation and on the citizens’ purchasing power and their budgets.
The Member States taxes and levy policies will also be studied to measure their impacts on consumers and on the States’ budget and revenue.
European Commission study on energy prices, costs and their impact on industry and households
November 16, 2020
The European Commission just released the Study on energy prices, costs and their impact on industry and households. Enerdata had a key role in this project, together with Trinomics, Cambridge Economics and LBST. This study initiated by the Directorate-General for Energy (European Commission) focuses on the analysis and drivers of energy prices in the EU and G20 countries, power technologies profitability (hourly power generation and prices, subsidies, power generation costs) and energy costs in industry.
Enerdata led Task 1 – Analysis of energy prices and Task 3 - Power technologies profitability and hourly data collection, a new part compared to the previous version of this study. The aim of task 3 was to assess the impact of hourly power generation and price variations on power technologies, covering EU + G20 and 2008-2018 time period. It included data collection and data process of hourly data, profitability analysis of power technologies including cost and revenues (from government supports and market) assessment.
Realised price (actual price captured by a technology/power plant) was a typical indicator built and assessed as part of this study.
Source: Enerdata, Study on energy prices, costs and their impact on industry and households-EC
Prices and cost of energy – Study for the European Commission DG Energy
February 10, 2020
In the continuation of a previous project completed in 2018, Enerdata, in partnership with Trinomics and LBST, is launching a new data collection and analysis project in relation to energy prices for the European Commission (DG Energy).
It aims to gather a better understanding of the key factors affecting the cost of energy in the European Union, and how they influence investments in the energy sector. Another target is to comprehend which externalities are born by society which are not included in the market cost of energy.
The newest part of the project is the collection of hourly data for energy prices and energy production by technology. The aim is to analyse the competitiveness of the power generation sectors, taking into account costs, market prices and subsidies.
The previous study focused on prices, costs and subsidies for energy in Europe, by evaluating the role of competition in the formation of prices – both wholesale and retail – and analysing the impact of energy bills on household budgets, as well as on the competitiveness of European industries (by industrial sectors) in the global market.
EU Publishes Enerdata Prices, Costs and Subsidies Study
January 10, 2019
The European Commission recently published a report summarizing the main conclusions of a study conducted by Enerdata and partners Trinomics and Cambridge Econometrics.The study focuses on prices, costs and subsidies for energy in Europe, by evaluating the role of competition in the formation of prices – both wholesale and retail – and analysing the impact of energy bills on household budgets, as well as on the competitiveness of European industries (by industrial sectors) in the global market. Enerdata coordinated a network of experts in the EU’s 28 member states who were tasked with identifying and quantifying energy subsidies.
Our work showed that energy-related subsidies have increased 12%, from 150 billion euros in 2008 to 168 billion in 2016. This growth in public financing for the energy, transport and agriculture sectors in the EU can be explained by the strong support for renewable energy production in the member states (which totalled 75 billion euros in 2016), in line with European commitments.
Even more surprising – and contrary to the European goal of eliminating fossil fuel subsidies – support for hydrocarbons increased slightly to 55 billion euros in 2016, of which 28 billion went to petroleum products. In total, energy consumption and production subsidies were almost 90% of the 2016 total. Subsidies for research and development, and energy efficiency were just slightly more than 10% of the total disbursed in 2016.