In 2022, the average end-use electricity price in the United States stood at around 12.2 U.S. cents per kilowatt-hour. This figure is projected to decrease in the coming three decades, to reach some 11 U.S. cents per kilowatt-hour by 2050.

Wholesale electricity prices in the United Kingdom hit a record-high in 2022, reaching 21.7 British pence per kilowatt-hour that year. Projections indicate that prices are bound to decrease steadily in the next few years, falling under five pence per kilowatt-hour by 2030.

Access electric power futures products from 10 European electricity markets, sourced directly from ICE Endex, the leading energy exchange in continental Europe.

Our continuous contract symbology is a notation that maps to an actual, tradable instrument on any given date. The prices returned are real, unadjusted prices. We do not create a synthetic time series by adjusting the prices to remove jumps during rollovers.

Wholesale electricity prices in the European Union (EU) increased in 2024 after recovering from the global energy crisis in 2023. This was the result of a myriad of factors, including increased demand in the “post-pandemic” economic recovery, a rise in natural gas and coal prices, and a decline in renewable power generation due to low wind speeds and drought. Nuclear power's critical role In 2023, nuclear and wind were among the leading sources of electricity generation in the EU, accounting for more than one-third of the output. Nuclear energy continues to play a crucial role in the European Union's electricity mix, generating approximately 619 terawatt-hours in 2023, which accounted for about 20 percent of the region's power production. However, the future of nuclear power in Europe is uncertain, with some countries like Germany phasing out their nuclear plants while others maintain their reliance on this energy source. The varied approaches to nuclear power across EU member states contribute to the differences in electricity prices and supply stability throughout the region.

Renewable energy's growing impact As Europe strives to decarbonize its energy sector, renewable sources are gaining prominence. Wind power in Europe, in particular, has seen significant growth, with installed capacity in Europe reaching 257.1 gigawatt hours in 2023. This expansion of renewable energy infrastructure is gradually reshaping the electricity market, potentially leading to more stable prices in the long term. However, the intermittent nature of some renewable sources, such as wind and solar, can still contribute to price fluctuations, especially during periods of low output.

Germany Electricity decreased 21.39 EUR/MWh or 18.48% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Germany Electricity Price.

UK Electricity decreased 15.90 GBP/MWh or 15.52% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for the United Kingdom Electricity Price.

Germany's electricity prices have experienced an increase in the latter half of 2024 and the beginning of 2025, reaching an average of 140.42 euros per megawatt-hour in February 2025. This marks a notable decrease from the record high of over 469 euros per megawatt-hour in August 2022, yet remains above pre-pandemic levels. The ongoing volatility in energy prices continues to impact German households and businesses, reflecting broader trends across Europe's energy landscape. Electricity price recovery German electricity prices began recovering back to pre-energy crisis levels in 2024, a period driven by a complex interplay of factors, including increased heating demand, reduced wind power generation, and water scarcity affecting hydropower production. The rise in natural gas and coal prices, exacerbated by the economic recovery post-COVID-19 and the Ukraine conflict, further contributed to the spike. Despite Germany's progress in renewable energy sources, with over 50 percent of gross electricity generated from renewable sources in 2023, the country still relies heavily on fossil fuels. Coal and natural gas accounted for approximately 40 percent of the energy mix, making Germany vulnerable to fluctuations in global fuel prices. Impact on consumers and future outlook The volatility in electricity prices has directly impacted German consumers. As of April 1, 2024, households with basic supplier contracts were paying around 46 cents per kilowatt-hour, making it the most expensive option compared to other providers or special contracts. The breakdown of household electricity prices in 2023 showed that supply and margin, along with energy procurement, constituted the largest controllable components, amounting to 40.6 and 11.6 euro cents per kilowatt-hour, respectively. While prices have decreased since the 2022 peak, they remain higher than pre-crisis levels, underscoring the ongoing challenges in Germany's energy sector as it continues its transition towards renewable sources.

According to Cognitive Market Research, the global Electricity Generation market size will be USD 2154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 646.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 495.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 107.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 43.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Thermal Generation is the market leader in the Electricity Generation industry

Market Dynamics of Electricity Generation Market

Key Drivers for Electricity Generation Market

Rising need for cooling boosts the electricity generation market

The increased demand for cooling is projected to drive the electricity generating market in the future years. Cooling is the process of lowering the temperature of an object or environment, which is usually accomplished by transporting heat away from the intended location, typically utilizing air or a cooling medium. Power generation can be utilized to cool by running air conditioning (AC) and fans to keep indoor temperatures comfortable. For instance, According to the International Energy Agency, an autonomous intergovernmental body located in France, in July 2023, more than 90% of households in the United States and Japan had an air conditioner. Cooling accounts for around 10% of global electricity use. In warmer countries, this might result in a more than 50% increase in power demand during the summer months. As a result, increased demand for cooling is likely to drive expansion in the power generating industry.

Increasing applications of electricity in the transportation industry

The growing use of energy in the transportation industry is predicted to increase demand for electricity, hence pushing the power generation market. The electrification of railways in underdeveloped and developing countries, the establishment of public transportation networks such as rapid metro transit systems, and the growing use of electric vehicles in developed countries will all create significant market opportunities for power generation companies. For instance, in order to achieve net-zero carbon emissions, the Office of Rail and Road (ORR) predicts that 13,000 track kilometers - or roughly 450 km per year - of track in the UK will need to be electrified by 2050, with 179 km electrified between 2020 and 2021. According to the Edison Electric Institute (EEl), yearly electric car sales in the United States are estimated to exceed 1.2 million by 2025. Electric vehicles are projected to account for 9% of worldwide electricity demand by 2050.

Restraint Factor for the Electricity Generation Market

High initial capital investment for renewable projects

The high initial capital for renewable projects is indeed a limiting factor for the market growth of the electricity generation sector, as most such technologies, infrastructure, and installation depend on significant up-front funding. For instance, most renewable energy technologies are highly capital intensive-solar, and wind, in particular, scares investors away from taking action, especially if they are small or developing firms. There is thus an economic limitation that restricts competition and contributes toward slower development of cleaner energy solutions. Moreover, funding can be quite tricky and challenging-especially for a poor economic climate. The payback times attached to these investment options are long, leading to uncertainty and making stakeholders reluctant to commit. These financial constraints are, therefore, blighting the transition to renewable energy as well as, more broadly, the overall electricity generation market

Impact of Covid-19 on the E...

In 2020, the electricity price was estimated at about 105.9 euros per megawatt-hour. Additionally, study shows that the electricity price would increase by 22 euros between 2020 and 2030. However, no price change was forecasted between 2030 and 2040 according to the source.

Browse German Power Financial Base Futures (GAB) market data. Get instant pricing estimates and make batch downloads of binary, CSV, and JSON flat files.

ICE Endex iMpact is the primary data feed for ICE Endex, the leading energy exchange in continental Europe. It covers a diverse range of energy products, including European gas, emissions, and power markets, providing valuable data for energy firms, EU ETS compliance entities, and financial participants to effectively manage price risk. This dataset includes all listed spot contracts, outrights, spreads, options, and options combinations on ICE Endex.

Asset class: Futures, Options

Origin: Captured at Aurora DC3 with an FPGA-based network card and hardware timestamping. Synchronized to UTC with PTP

Supported data encodings: DBN, CSV, JSON (Learn more)

Supported market data schemas: MBO, MBP-1, MBP-10, TBBO, Trades, OHLCV-1s, OHLCV-1m, OHLCV-1h, OHLCV-1d, Definition, Statistics (Learn more)

Resolution: Immediate publication, nanosecond-resolution timestamps

In February 2025, electricity prices in the United Kingdom amounted to 143.37 British pounds per megawatt-hour, an increase on the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged 363.7 British pounds per megawatt-hour.
Electricity price stabilization in Europe Electricity prices increased in 2024 compared to the previous year, when prices stabilized after the energy supply shortage. Price spikes were driven by the growing wholesale prices of natural gas and coal worldwide, which are among the main sources of power in the region.

… and in the United Kingdom? The United Kingdom was one of the countries with the highest electricity prices worldwide during the energy crisis. Since then, prices have been stabilizing, almost to pre-energy crisis levels. The use of nuclear, wind, and bioenergy for electricity generation has been increasing recently. The fuel types are an alternative to fossil fuels and are part of the country's power generation plans going into the future.

The objective of the plan4res project is to provide a well-structured and highly modular modelling framework to enable consistent insights into the different needs of future energy system. Three case studies will highlight the potentials of this framework by dealing with different aspects of a future energy systems.

Case study 3 will focus on cost of RES integration and impact of climate change for the European electricity system in a future world with high shares of renewable energy sources. Ist overall objectives are to identify the Cost of RES integration and impact of climate change for the European electricity system in a future world with high shares of renewable energy sources will be the main focus of case study 3.

The present dataset contains all the public data built for this case study.

The related documentation is included in plan4res deliverable D4.5

https://doi.org/10.5281/zenodo.3785010

According to Cognitive Market Research,the global smart electricity meter market size was valued at USD XX in 2023 and is expected to grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2029.

The smart electricity meter market will grow significantly by XX% CAGR between 2024 to 2029
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
Asia Pacific dominated the market and accounted for the highest revenue of XX% in 2023 and is projected that it will grow at a CAGR of XX% in the future.
The report includes an analysis of the regional as well as Smart electricity meter market key players, application areas, and market growth strategies.
Detailed analysis of Market Drivers, Restraints, and Opportunities.

Market Dynamics of Smart Electricity Meter

Key Drivers

Monitoring Utility systems in real-time is a driving factor for Smart meter

The acceptance of smart electricity meter is to monitor utility systems in real time is on the rise due to several benefits they provide. Real-time communication between smart electricity meters and the utility provider enables precise and current data on energy consumption. This can assist the utility company in detecting and responding to outages faster, as well as in better managing its power grid. Furthermore, smart meters give users access to more precise information about how much energy they use, which can empower them to make more intelligent decisions and possibly reduce their utility costs. Smart electricity meter real-time monitoring facilitates the integration of renewable energy sources, increases grid reliability, and helps users optimize operational efficiency. Utilities that have access to timely and accurate data are able to identify inefficient areas, take care of maintenance problems, and enhance overall system performance. They have built-in technology that assists in identifying power theft and meter tampering, two issues that utility companies are very concerned about. Overall, the power grid's cost-effectiveness, dependability, and efficiency have all improved with the use of smart meters for real-time utility system monitoring. enhancing its future suitability.

Technological Upgradations in smart electricity meter to boost the market growth

Utilities can now gather real-time data on energy consumption more efficiently thanks to the development of Advanced Metering Infrastructure, which combines smart meters with data management and communication networks. This results in improved outage management, increased operational efficiency, and more precise billing. Zingbee, Wi-Fi, and cellular networks are examples of communication protocol innovations that have made it possible for smart meters to securely and reliably communicate with utility backend systems. By enabling two-way communication, these protocols improve grid management capabilities by enabling utilities to send commands to meters and receive data instantly. For Instance, in march 2024, Utildata and Nvidia announced the start of cooperation on their partner network module. The first manufacturer of meters to incorporate technology that combines Nvidia's chip and Jetson's platform with Utildata distributed artificial intelligence software is Aclara Technologies, which was acquired by electronics giant Hubbell Inc. in 2017 (source https://www.latitudemedia.com/news/aclara-joins-nvidia-and-utilidata-in-bringing-ai-to-the-smart-meter ) With this announcement, Nvidia's distributed artificial intelligence platform, powered by Utildata, enters into its first hardware partnership. The platform will eventually enable real-time visibility into web activity.

Restraints

Market expansion is hampered by the absence of a standard smart electricity meter

The smart electricity meter is widespread in areas, but then also security and monetary concerns among end users regarding smart electricity meters are expected to act as a barrier to the growth of the industry. The ambiguity and lack of knowledge regarding smart power meters is causing end customers to be reluctant to adopt this technology. Additionally, regulatory agencies and governments are asked to cover the early expenses of research and development for smart power meters due to their novelty. This means that administrative authorities in the relevant nations must bear this additional cost. For Instan...

For the third year in a row, the Mexican electric water heater market recorded growth in sales value, which increased by 34% to $364M in 2024. In general, consumption enjoyed a prominent expansion. Over the period under review, the market attained the maximum level in 2024 and is expected to retain growth in the near future.

This data supplements the "Electrification Futures Study: End-Use Electric Technology Cost and Performance Projections through 2050" report. The data included here consist of the cost and performance estimates for electric end-use technologies developed for the three sensitivity cases in the Electrification Futures Study: Slow Advancement, Moderate Advancement, and Rapid Advancement.

Given the key role of renewable energies in current and future electricity markets, it is important to understand how they affect firms' pricing incentives in these markets. In this paper, we study whether renewables depress electricity market prices, and how this effect depends on their degree of market price exposure. Our theoretical analysis shows that paying renewables with fixed prices, rather than with market-based prices, is relatively more effective at curbing market power when the dominant electricity firms own large shares of the renewable capacity, and vice-versa. To test this prediction, our empirical analysis leverages several short-lived changes to renewable energy pricing mechanisms in the Spanish electricity market. In this context, we find that the switch from full price exposure to fixed prices caused a 2-4% reduction in the average price-cost markup.

This repository provides data from the GenCost project. The GenCost project is a collaboration between CSIRO and AEMO, together with stakeholder input, to deliver an annual process of updating electricity generation and storage costs. Each report incorporates updated current and future cost estimates and global electricity scenarios.

Lineage: Current costs are updated by external engineering consulting firms and form the basis of CSIRO projections. The projection methodology is grounded in a global electricity generation and capital cost projection model recognising that cost reductions experienced in Australia are largely a function of global technology deployment. The potential for local learning is also recognised.

Browse Dutch Power Peak Futures (DPA) market data. Get instant pricing estimates and make batch downloads of binary, CSV, and JSON flat files.

ICE Endex iMpact is the primary data feed for ICE Endex, the leading energy exchange in continental Europe. It covers a diverse range of energy products, including European gas, emissions, and power markets, providing valuable data for energy firms, EU ETS compliance entities, and financial participants to effectively manage price risk. This dataset includes all listed spot contracts, outrights, spreads, options, and options combinations on ICE Endex.

Asset class: Futures, Options

Origin: Captured at Aurora DC3 with an FPGA-based network card and hardware timestamping. Synchronized to UTC with PTP

Supported data encodings: DBN, CSV, JSON (Learn more)

Supported market data schemas: MBO, MBP-1, MBP-10, TBBO, Trades, OHLCV-1s, OHLCV-1m, OHLCV-1h, OHLCV-1d, Definition, Statistics (Learn more)

Resolution: Immediate publication, nanosecond-resolution timestamps

According to a recent forecast, industrial electricity prices in Europe in 2030 will be lowest in Germany if an electricity price compensation for companies is enacted. France will account for the second-lowest electricity price for enterprises if the ARENH tariff program is maintained. In the ARENH program, businesses have access to nuclear power at a regulated tariff.

According to Cognitive Market Research, the Global Electric Boilers Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.

The Electric Boilers Market will expand significantly by XX% CAGR between 2024 and 2031.
Electric hot water boilers account for the largest market share and are anticipated to have healthy growth over the approaching years.
The application of Electric boilers in residential areas holds the largest market share compared to others.
The offline distribution segment is the market’s largest contributor and is anticipated to expand at a CAGR of XX% during the projected period.
North-America region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future.

Market Dynamics of the Electric Boilers Market

Key Drivers of the Electric Boilers Market

The wide range of benefits of electric boilers is leading to the market growth.

Traditional boilers burn fuels like coal, oil, or gas, which release harmful gases into the air, causing air pollution and eruption to climatic disturbance. Electric boilers on the other hand, run on electricity and do not burn fossil fuels to generate heat. Also, they do not rely on moving elements or others that produce noise; hence, are a perfect example of optimal utilization of resources with less wastage that is carbon emissions. Electric boilers are ideal for backup heating at home to boost your existing central heating system and their efficiency ratings are always high, ranging from 99 to 100%.

The other benefits of electric boilers are their high-efficiency levels, their environmentally friendly nature, flexible and easy installation process, less maintenance requirements, all these advantages make them the better and an attractive option compared to traditional and non-electric boilers.

The increase in demand for electric automobiles is driving the growth of the electric boilers market.

The demand for electric boilers is somewhat related to the demand for electric automobiles. The growing climatic concerns and environmental issues are leading people across the world to think and adopt alternative means. The shift from non-electric means to electric ones has already been initiated by almost all the regions to cater energy efficient, environmentally friendly installation to sustain the environment. Furthermore, electric boilers are naturally clean and release no direct emissions, which makes them an essential component in achieving the larger objective of lowering greenhouse emissions.

Key Restraints of the Electric Boilers Market

The rise in the price of electricity can restrict the market for electric boilers.

An electric boiler is a device that uses electrical energy to boil water instead of fossil fuels used in traditional gas or boilers. The meaning itself clearly explains that electric boilers are dependent on electricity for their operation. The electric boiler can not work without electricity; hence any change and variation in regards to electricity can directly affect the Electric Boilers Market.

The electricity market has been experiencing price hikes for a few years, which is also a concern for consumers using electric boilers or thinking of owning one in the future. The usage of electric boilers over gas boilers can become costlier if the electricity prices keep on rising. For instance, Electricity prices soared in 2022 during the worst energy crisis, leading to widespread of inflation and energy poverty. The European energy system was the most severely affected region as Italy’s prices for electricity were almost doubled. The prices in the United States and Russia experienced a variation of around 25%. During such situations, it would have been difficult for consumers to even think of using electric boilers and such concerns may affect the demand for the electric boilers in the market. (Source: https://www.statista.com/topics/10726/global-electricity-prices/#topicOverview)

Market Opportunities in the Electric Boilers Market

The emergence of storage battery technologies would allow households to store excess energy.

Battery storage, or battery energy storage systems, are devices that enable energy from renewables, like solar and wind, to be stored and then released when the...