PÖYRY POINT OF VIEW ARTICLE / 10 Oct 2012
How will intermittency change Europe’s gas markets?
The use of intermittent sources of energy (e.g. wind and solar) is changing Europe’s gas markets. Pöyry Management Consulting has completed a major study with key players in the industry, taking a ‘deep dive’ look at how intermittency impacts Europe’s gas markets.
In this Point of View we share the highlights from the study, looking at:
- What is the impact on gas demand: to what extent does demand volatility increase and does seasonality decrease?
- How are wholesale gas prices affected – do they become more volatile?
- How much gas storage does Europe need and does the gas intermittency effect increase requirements?
Point of View Overview
The rapid development of renewables across Europe is having profound effects, shaking up electricity markets and transforming how we generate electricity. Pöyry has undertaken a detailed analysis on the impact will be on gas markets, as gas-fired CCGTs are likely to become the back-up to intermittent wind generation, leading to a concept we have dubbed ‘gas intermittency’. Now is the time to take an informed view.