Highlights Prices to ease from 2023, but remain elevated Germany swings to imports, Great Britain to exports Italy moves to top, Spain becomes discount market European power prices are forecast to ease from current record levels starting in 2023, but the current rally in gas will have “enduring effects” on the forward curve, according to S&P Global Platts Analytics. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Its latest five-year forecast sees annual power prices dropping from average levels above Eur100/MWh in 2021 and 2022 to around Eur80/MWh for 2023-24 and down to around Eur60/MWh by 2026-27. For Germany, the five-year forecast average is now double compared to actual average prices over 2016-2020. “The gas-driven surge in power prices in recent months is likely to have enduring effects beyond the near-term,” Platts Analytics head of European power analysis Glenn Rickson said. By 2023, […]