Electricity Market


Electricity prices vary vastly between different countries in Europe because of the policies of individual governments on taxes. Wholesale prices are similar across the whole region and very close between countries which have high capacity interconnections.

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In the UK, the Low Carbon Contracts Company manages Contracts for Difference which provides subsidies for certain electricity suppliers. The subsidies at present are mainly to Biomass and Offshore Wind generation companies. For the future the subsidies are extended to nuclear power generation.

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On 7 June 2019 a technical glitch in the Epex Spot market caused anomalous prices and exchanges in the European electricity market.

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