Welcome!

News Feed Item

Ventyx Releases Comprehensive Analysis and Projections for Northwest European Power Market

- New Reference Case reports help guide clients' power investment decisions with detailed model and forecasts of electricity markets out to 25 years

LONDON, Jan. 13, 2014 /PRNewswire/ -- Ventyx, an ABB company, today announced availability of its European Power Reference Case, semiannually updated reports detailing Ventyx's integrated market-based fundamental model of the Northwest European energy industry. The reports help clients make informed, valuable investments in electricity markets by providing unbiased data and analysis, as well as forecasts of regional prices for power, natural gas, coal, emissions allowances and renewable energy certificates (RECs).

"The electricity markets of Northwest Europe - including Britain, France, Germany, Benelux, Austria, Switzerland and Italy - continue to undergo fundamental changes to their dynamics and structure, driven by the push to reduce CO2 emissions," said Ventyx GM Energy Portfolio Management Solutions Tom O'Meara. "Using its fundamental model of European markets, Ventyx helps clients face some of the fundamental issues that will impact the markets over the coming years, such as the potential sidelining of traditional energy markets, the introduction of the Electricity Target Model to deliver a single energy market and the opportunities around flexible generating capacity."

The Ventyx European Power Reference Case provides detailed projections related to these key issues, based on more than 15 years of power sector analysis, data and forecasting by the Ventyx European Advisor team. The reports provide a comprehensive, integrated analysis of the Northwest European electricity market using Ventyx's market-based, fundamental model of power, gas, coal and environmental markets and provide forecasts out to 25 years based on consistent economic assumptions.

The in-depth analysis reveals some of the paradigm shifts and major issues facing the future European power markets, including:

  • Shrinking residual demand. Changes in plant fuel mix in some countries will cause residual demand (demand less "must run" nuclear and renewables) to shrink up to 60 percent in coming years.
  • A new merit order. Transmission issues during peak demand have "trapped" renewable energy in regions, leading to significant curtailment, price collapses and volatile market prices.
  • "Winners" and "losers." Increasingly scarce generation opportunities will foster competition among incumbent fossil generators as renewable (wind and solar) generation displaces conventional fossil plants. "Winners" and "losers" are emerging, with the "winners" having prioritized portfolio optimization.
  • Market viability. The energy market could be sidelined by low prices in wholesale markets, just as the Electricity Target Model is introduced to deliver a single energy market for Europe.

More details on these and other findings are available in a complimentary webcast, which can be viewed by clicking here. Ventyx will also be hosting a one-day workshop in London on 13 January, 2014, to provide a deeper exploration of the inputs and results of the NW Europe Market Outlook. Click here for details and to register.

The Power Reference Case report is available immediately. For more information, contact your Ventyx sales representative or email go-emeia@ventyx.com.

About Ventyx
Ventyx, an ABB company, is a world-leading supplier of Industrial Enterprise Software for essential industries such as energy, mining and public infrastructure. Ventyx solutions bridge the gap between information technologies (IT) and operational technologies (OT), enabling clients to make faster, better-informed decisions in both daily operations and long-term planning strategies. Some of the world's largest organizations rely on Ventyx solutions to minimize risk, enhance operational and financial performance and execute the right strategies for the future. For more details, see www.ventyx.com.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Any startup has to have a clear go –to-market strategy from the beginning. Similarly, any data science project has to have a go to production strategy from its first days, so it could go beyond proof-of-concept. Machine learning and artificial intelligence in production would result in hundreds of training pipelines and machine learning models that are continuously revised by teams of data scientists and seamlessly connected with web applications for tenants and users.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.