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Annual report examines electricity and gas markets in Europe, North America, Australia, and Southeast Asia

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William Watson's picture
Sr. Marketing Manager, Capgemini

Started career as a Control Systems Engineer for Duke Energy; now work with the Internet of Things and Digital Manufacturing solutions for Capgemini / Intel / PTC / Dassault Systemes customers. ...

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  • Jan 29, 2019

This item is part of the Predictions & Trends for 2019 SPECIAL ISSUE, click here for more

The Global Energy & Utilities Sector launched the 20th edition of the World Energy Markets Observatory (WEMO) in November 2018. This 2018/2019 Capgemini thought leadership and research report analyzes the evolution of the electricity and gas markets in North America, Europe, South East Asia and Australia.

The current edition addresses six main electricity and gas market indicators: 1. climate change & regulatory policies, 2. energy transition, 3. infrastructure & adequacy of supply, 4. supply & final customer, 5. transformation, and 6. financials.

Key highlights of WEMO 2018/2019

  • Oil prices have increased - oil prices rose as high as US$80/barrel for the first time since 2014; this represents an increase of nearly 100% since January 2016.
  • Gas is still a regional commodity - Global natural gas demand grew by 3%, thanks in part to abundant and relatively low-cost supplies. China alone accounted for almost 30% of growth globally.
  • Coal demand and prices rose - Despite being the major commodity least loved by analysts, global coal demand rose about 1% in 2017, reversing the trend seen over the last two years. This growth was mainly due to demand in Asia, almost entirely driven by an increase in coal-fired electricity generation.
  • The digital revolution is accelerating - Digital adoption has huge potential to decrease costs in the industry and service sector – among others, IoT and blockchain witnessed progressive adoption.
  • Grids are strongly impacted by the increased share of intermittent renewables and grid operators will strongly benefit from digitization.
  • A progressive rise in electric vehicle development has resulted in battery technology growth.
  • China has emerged as a large consumer becoming the biggest emitter of greenhouse gases (GHG).
  • For more than a decade China has embarked on an acquisition spree, investing largely in energy companies in Africa, South America and Asia, and most recently Europe.
  • Commercial and trade struggles between the US and China are strongly influencing the energy sector and could endanger current progress for energy transition.
  • Cybersecurity continues to be a major concern for the adoption of the latest technologies such as moving to the cloud and automating IT infrastructure.

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The WEMO report builds on public data from 2017 and winter 2017/2018, combined with Capgemini’s expertise in the energy sector. Special expertise on regulation, climate challenges, and customer behavior has been provided by research teams at De Pardieu Brocas Maffei and VaasaETT. 


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