A perfect storm in the energy market – What it means for the industry

The energy market is experiencing a perfect storm. The war in Ukraine has increased uncertainty in both the short and medium term. In the short term, the war will lead to rising and volatile gas prices. In the medium term, it will force changes in energy policy in response to the EU’s desire to become independent of Russian gas.

Marius Holm Rennesund

Coincident with this period of heightened uncertainty, we are facing a much-needed transformation of the energy system. If we are to achieve our climate goals, power sector transformation will play a key role. We will see increased electrification and new green industries.

At Statkraft’s power and industry conference, THEMA’s Marius Holm Rennesund discussed developments in the power market over the past year and shared analysis on how the market will develop in the future.

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