04 December 2008: Energy markets are typically fast-moving and energy companies and stakeholders are used to rapid responses, but the financial crisis is a potential game-changing event. Some have argued that the energy sector is recession proof - we at Pöyry do not agree.

To read more about our thoughts on the potential impact of the crisis on the energy sector please click here

New multi-client study on renewables and intermittent generation launched

28 November 2008: Pöyry Energy Consulting has launched a major multi-client study to examine the implications of the expected rapid growth in electricity generation from variable renewable sources. The ultimate aim of the study is to answer the question 'How will the impact of intermittent generation affect the wholesale energy markets in GB and Ireland?'.

This study has already been joined by four major utilities (including three of the 'big six'), two grid companies, and two major wind developers, and will run from December 2008 until March 2009. The study will break new ground, give the first comprehensive analysis of the impact of wind on market players, and deliver commercial and strategic insights.

For an opportunity to join the study, or to obtain further information, please click here

Platts publishes article by Pöyry Energy Consulting

26 November 2008: An article written by James Cox of the Oxford office was published in the November 2008 edition of the publication 'Platts Power UK'.

The article explored the myriad issues surrounding the UK's shift towards a greener future, as it attempts to meet the requirements of the EU's 20% target by 2020.

A copy of his article, entitled 'The implications of intermittency', is available here

European Energy Review publishes article by Pöyry Energy Consulting

20 November 2008: An article written by Nazrin Mehdiyeva of the Oxford office was published in the November/December 2008 edition of the European Energy Review.

The article analyses the effects of Russia's rising demand and declining production in traditional gas-bearing provinces on exports to Europe.

A copy of her article, entitled 'Russia vs Gazprom', is available here

Prospects for World Electricity Prices - a presentation by Pöyry

18 November 2008: Matt Brown, Head of our London Office spoke today at the 3rd Annual European Summit entitled Next Generation Nuclear New Build in Bulgaria.

A copy of his presentation entitled Prospects for World Electricity is here

Why we need to fix our broken electricity market: Pöyry special report

11 November 2008: 'The British electricity market isn't working', a special report by Pöyry Energy Consulting, was published today.

In it, Matt Brown, head of Pöyry Energy Consulting's London office, concludes that "the electricity market needs to be rethought, both to deal with the current failings and to make it fit for purpose in a changing world dealing with the threat of climate change. A complete redesign is in order, but delivering a liquid spot market with a reliable index is the first step."

The full report can be found here.

The Global Market for Biofuels: New product from Pöyry Energy Consulting launched.

23 October 2008: Pöyry Energy Consulting is pleased to announce the launch of its latest product - The Global Market for Biofuels: Performance and Prospects (October 2008 edition).

This report is esserntial for anyone looking to enter into the biofuels market, containing not only globally traded wholesale price projections for ethanol and biodiesel out to 2030, but also projections of refinery investments and capacity utilisations, also out to 2030.

These market projections are then analysed to provide a thorough examination of the economic and resource costs of biofuels, the potential GHG emission savings and the cost of abatement, together with the indirect effects on commodity prices and land-use patterns.

For more information, or to contact us about the possibility of obtaining this report, please click here.

Is there a role for gas in our green future?

13 October 2008:Phil Hare, director of the Oxford office spoke at the annual Sparks and Flames 2008 conference in Amsterdam, which was held from 7-8 October. Phil's presentation was on the role natural gas had to play in the greener world envisioned by the EU.

The event, which was co-sponsored by Pöyry, was also chaired by David Cox, President of Management Consulting. A copy of his presentation is here.

Green Energy in Emerging Europe

6 October 2008:David Cox spoke at the 4th Emerging Europe Energy Summit held on 2/3 October in Athens. David's presentation was on the subject of Green Energy in Emerging Europe - Expanding the role of Renewables in the Generation Mix. A copy of his presentation is here.

Energy Mix and the role of Gas

23 September 2008:David Cox spoke at the IIR energy and gas conference on 23 September in Vienna on the subject of Energy Mix and the role of Gas. A copy of his presentation is here.

Multi-client study on renewables and intermittent generation

23 September 2008: The levels of wind generation in GB and Ireland which are implied by the EU's proposed renewable targets for 2020 will challenge conventional wisdom. Pöyry's view is that if the renewables targets are to be met, the consequent level of uncertainty over market outcomes is greater than at any time since liberalisation of the electricity industry began.

Pöyry Energy Consulting is proposing a major multi-client study to examine the implications of the expected rapid growth in electricity generation from variable renewable sources. The ultimate aim of the study is to answer the question 'how will the onward march of renewables affect the wholesale energy markets in GB and Ireland?'.

For more information, or for details on how to subscribe to the study, please click here.

Matt Brown, Head of London Office, starts today.

26 August 2008: We are very pleased to announce the return of Matt Brown to Pöyry from today. Matt joined us when we were ILEX in 1996 as a consultant and rose to lead our power modelling team as a Director. He left Pöyry to join CERA in 2005 heading up CERA's European power practice and was based in Paris.

Matt will be the Head of our new London office. He brings with him a wealth of additional energy expertise. Matt will focus on strategy and coordinating our work for our many clients in the financial and investment community.

Implications of the UK meeting its 2020 Renewable Energy Target

31 July 2008: Pöyry Energy Consulting has just completed a report for WWF-UK and Greenpeace-UK investigating the implications of the UK meeting its 2020 Renewable Energy Target. The report finds that, if the UK Government is able to achieve its commitments to meet EU renewable energy targets and its own ambitious action plan to reduce demand through energy efficiency, then major new power stations would not be needed to ensure that Britain can meet its electricity requirements up to at least 2020. The report also concludes that a strong drive for energy efficiency and renewable energy can reduce emissions and assist energy security.

Under the projections for renewable build and demand growth as published in our report 'Projections of the Price for Wholesale Electricity in Great Britain' - also published this week - there is a substantial need for major new thermal power plant development over this time frame.

The report considered six scenarios for meeting Britain's commitments to deliver on the binding EU renewable energy commitments for 2020, and for future electricity demand (drawing on both EU and UK targets for energy efficiency), and assessed whether any additional capacity from conventional sources would be needed to secure the UK's electricity needs. It concluded that there would be no role for such plants, even taking into account the very few days when there is little or no wind. These scenarios represent a radical shift away from the 'business as usual' pathway (under which new power stations may indeed be needed). But such a radical shift is precisely what is required by the Government's stated ambitions on renewables and energy efficiency.

To view the full report, please click here.

New GB Electricity report available

23 July 2008: Pöyry Energy Consulting is pleased to announce the publication of the new edition of its GB electricity market study. This new edition investigates key issues in the market including the impact of recent increases in fuel prices, both coal and oil, and the consequent increase in gas prices. The EU's 2020 targets for renewable energy and the Large Combustion Plant Directive which commenced operation in January 2008 are also considered in depth.

The report contains detailed price projections for a range of scenarios out to 2030. We include results for new capacity - in which we demonstrate there is likely to be a significant requirement for major thermal projects if the UK does not meet its energy efficiency and renewables targets. We examine spark and dark spreads and new entry prices in detail. This is our most thorough report on the GB wholesale market.

For further information on the GB Electricity report, please click here.

The challenges for UK energy

10 July 2008: David Cox, President of Management Consulting, gave a presentation at the National Grid conference on Transporting Britain's Energy 2008: 2020 Energy Targets & Challenges. David's presentation was entitled 'The challenges for UK energy'.

To access the presentation, please click here.

High-Level Review of Offshore Electricity Transmission Proposals

07 July 2008: On 13 June 2008, Ofgem and the Department for Business and Regulatory Reform (BERR) published proposals in relation to the regulatory regime for offshore transmission arrangements . Pöyry Energy Consulting was commissioned by a group of offshore wind developers to conduct an independent, high-level review of the proposals relating to the regulatory regime set out in the update document.

The scope for the work excluded consideration of the specific drafting changes proposed for the transmission licence and industry codes, and also excluded the suggestion of alternatives or amendments to the Ofgem/BERR proposals.

The resulting paper sets out the details of our assessment of the proposals, the context in which the proposals have been made and the basis for our assessment, outlining the key features of the proposals and our assessment.

To read the report, please click here.

'Energy Prices Overview and Where Now?': David Cox speaks at SBGI Conference.

18 June 2008: David Cox, President of Management Consulting today gave a presentation at the SBGI Conference. David's presentation was entitled 'Energy Prices Overview and Where Now?'

To access the presentation, please click here.

New Pöyry Energy Consulting report for the GB gas market

12 June 2008: Pöyry Energy Consulting is pleased to announce the publication of a new edition of its GB gas market study. This new edition incorporates analysis and interactive modelling of Great Britain as part of the wider European market. We also include analysis of the effect of the global LNG market.

The GB gas market study is essential for any market participant that needs to understand market fundamentals, drivers of prices and what the future might hold in this increasingly uncertain market.

For further information on the GB Gas Market Study, please click here.

New Spanish Gas Report update

02 June 2008: Pöyry Energy Consulting is pleased to announce a significant update to the Spanish Gas Market Report, incorporating the impact of the global LNG market. The ILEX Spanish Gas Market Report is the definitive guide for companies seeking to invest, be involved or simply understand natural gas and power related activities in Spain.

For further information on the Spanish Gas Market Report, please click here.

New Pöyry Energy Consulting report for the Turkish electricity market

09 May 2008: Pöyry Energy Consulting is pleased to announce the publication of a new edition of its Turkish electricity report. This report contains price projections for the emerging wholesale electricity market in Turkey and investigates key issues such as the future for hydroelectric power, the prospects of a tightening capacity margin, possible EU accession and the EU Emissions Trading Scheme.

For further information on the Turkish Electricity Report, please click here.

New Pöyry Energy Consulting report for the renewables market in the UK

02 May 2008: Pöyry Energy Consulting is pleased to announce the publication of a new report focussing on the value of renewable electricity within the UK market.

Pöyry Energy Consulting, Europe's leading provider of energy price projections, has released the latest edition of its report "The Value of Renewable Electricity in the UK". This report has been fully updated, providing Pöyry's latest projections for each element of value available to UK renewable generators including:

Renewable Obligation Certificates (ROCs);

wholesale electricity prices;

Levy Exemption Certificates (LECs);

imbalance costs; and

embedded benefits.

The report also addresses the key developments in the renewables and wholesale electricity markets since the last edition in 2007.

For further information on the Pöyry renewables report, please click here.

Pöyry Energy Consulting opens new London office

17 April 2008: Pöyry Energy Consulting is very pleased to announce that it has opened a new office in the centre of London.

David Cox, President of Management Consulting said "this new office in the centre of London is another step in providing the best possible service to our clients. Our work with financial institutions in the City has always been a major part of our work. The timing is now right to have an office in London to provide closer support to both City based clients and clients visiting London from overseas."

New combined Republic of Ireland and Northern Ireland electricity market report available

14 February 2008: Pöyry Energy Consulting has recently completed an update to its electricity market report covering the Republic of Ireland and Northern Ireland. The latest report includes full information on the new Single Electricity Market (SEM), all recent developments in electricity and gas markets in both jurisdictions, as well as a section looking at progress made on the main objectives set out in the Republic of Ireland's Energy White Paper that was published in March 2007.

Also included in the report are Pöyry's wholesale electricity price projections under four main market scenarios, for the period 2008 to 2025, with a full description of the corresponding input assumptions. The projections are modelled using IAIGen, our Irish electricity price model, and use all of the latest Pöyry market information. The expected effect of GB electricity prices on SEM prices is also taken into account by using Pöyry GB price projections together with assumptions on the current and expected future interconnection capacity with the GB system.

For further information on the Pöyry Irish electricity report, please click here.

News from Pöyry Energy Consulting

04 January 2008: A review of the past year, together with a look ahead at 2008 has been written by David Cox, Acting President of Pöyry Energy Consulting. To access the electronic version now available online, please click here.

New Romanian Electricity market report available

04 January 2008: Pöyry Energy Consulting has recently completed an update to its Romanian electricity market report. The latest report includes information on all recent electricity market issues with a focus on the changing structure of the wholesale and green certificate markets. The report is essential in understanding the market fundamentals and future drivers of electricity prices in Romania. This update also sees further modelling development and now uses our integrated electricity market modelling platform, EurECa, to project Romanian wholesale electricity prices to 2030, taking account of electricity prices and interconnection capacity in all neighbouring regions. For further information on the Romanian electricity report please click here.