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POWER: EU PPA Prices Fall YoY in 3Q

POWER
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European PPA prices declined by 12.4% on the year in the third quarter of 2024 due to the decreasing inflation and market volatility, a LevelTen report showed, cited by Reuters.

  • The 25% most competitive PPA prices for new-built capacity in Q3 across 22 European countries in a market-averaged index decreased to €76.17/MWh, down from €86.94/MWh in 2023. 
  • This was also down from €77.21/MWh in 2Q24.
  • The German spot power index averaged €75.73/MWh in the third quarter this year, Epex Spot data showed.
  • The report also stated the typical length for PPA is 11 years.
  • "With current market conditions relatively stable, buyers may be wise to enter the market soon to secure the deals they need," the report stated.
  • "The variety of offtake (buying) opportunities available to potential PPA buyers has perhaps never been greater," it added.
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European PPA prices declined by 12.4% on the year in the third quarter of 2024 due to the decreasing inflation and market volatility, a LevelTen report showed, cited by Reuters.

  • The 25% most competitive PPA prices for new-built capacity in Q3 across 22 European countries in a market-averaged index decreased to €76.17/MWh, down from €86.94/MWh in 2023. 
  • This was also down from €77.21/MWh in 2Q24.
  • The German spot power index averaged €75.73/MWh in the third quarter this year, Epex Spot data showed.
  • The report also stated the typical length for PPA is 11 years.
  • "With current market conditions relatively stable, buyers may be wise to enter the market soon to secure the deals they need," the report stated.
  • "The variety of offtake (buying) opportunities available to potential PPA buyers has perhaps never been greater," it added.