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Our power market outlooks address the needs of utilities, investors, consumers and other stakeholders seeking to understand the key developments and risk factors shaping the future power market.

They include power price projections and a detailed discussion of the key developments and risk factors, including three market and policy scenarios designed to cover the range of potential future outcomes.
We provide independent and professional power market analysis and data. The projections are based on hourly market simulations from our respected power market simulation model, TheMA.
Our PDF reports are updated semi-annually, with Excel data updates made available quarterly. Both are available by subscription or for purchase on a one-off basis.
Power market insights at your fingertips
As a subscriber to one of our power market outlook packages, you get:
- Exclusive access to our web portal (access here), providing interactive visualisations that enable you to easily navigate our future power market scenarios across multiple European markets.
- Semi-annual PDF reports that concisely document and describe the scenarios, price drivers, developments and key assumptions relevant to each country.
- Detailed Excel data that includes data on power prices, capture prices, the generation and capacity mix, demand developments, sector coupling, hourly price profiles and more.
- Annual workshops with the opportunity to discuss the latest developments, trends and outlooks in detail with our power market experts.
International power market coverage
THEMA publishes detailed power market reports covering the following regions:
- The Nordic Power Market Outlook, covering Norway, Sweden, Finland and Denmark (all with bidding zone granularity).
- The Continental Power Market Outlook, covering Germany, the Netherlands, Belgium, France, the UK and Austria.
- The Baltic Power Market Outlook, covering Estonia, Latvia and Lithuania.
- The Southern Europe Power Market Outlook, covering Italy (with bidding zone granularity), Portugal, Spain and Greece.
- The Eastern Europe Power Market Outlook, covering Poland, the Czech Republic, Slovenia, Slovakia, Hungary and Romania.
- The Balkan Power Market Outlook, covering Bulgaria, Croatia, Serbia, Albania, Bosnia & Herzegovina, North Macedonia and Montenegro.
Much more than power prices
The reports are much more than power price projections. We also report capture prices, demand and supply developments, trade flows and more.
The underlying data is continuously updated and new projections are published quarterly. The market outlooks are available as one-off deliveries or as a subscription service.
For major markets, we also provide insights into weather-related risks, providing data for 40 different weather year simulations.
A valuable foundation for PPA analysis, due diligence and other processes
Our market outlook and price curves are important inputs into many of our other consulting services. We regularly use the insights that they provide in PPA analysis, due diligence processes, investment analysis, M&A and other projects where a solid data foundation is a prerequisite for making informed decisions.
We also provide regular reports on the outlook for hydrogen, green values and new technologies.