EU Energy Outlook 2060
Q4 2025 Edition now available
Get the latest long-term scenarios for Europe’s power markets, updated with new policy assumptions, demand forecasts, and capacity trends.
In this new edition, Montel Analytics explores three future pathways for European electricity prices through to 2060 - Central, Tensions, and GoHydrogen. Updated quarterly, these scenarios provide valuable insight into the structural and political shifts shaping market fundamentals across 30 countries.
What’s new in this update?
WEO 2025 integration
Incorporates commodity pricing pathways from the IEA’s World Energy Outlook 2025, including new scenarios for natural gas and CO₂ prices.
Revised demand and flexibility assumptions
Updated projections for flexible and inflexible electricity demand across Europe, with particular focus on the UK, Germany, and Italy.
Thermal and renewable capacity changes
New assumptions for gas, nuclear, and coal phase-out timelines, plus updated solar and wind trajectories, including delays, reallocation, and fast-track expansions.
Scenario-specific outlooks
Central: A decentralised, renewables-led transition with strong hydrogen growth
Tensions: Slower transition amid geopolitical uncertainty and high CO₂ prices
GoHydrogen: Ambitious hydrogen adoption driving system-wide electrification
Battery storage and volatility modelling
Improved modelling of BESS deployment and rising price volatility, capturing key risks and revenue potential for market participants.
Why download this report?
Whether you're investing, trading, forecasting, or advising, this quarterly outlook delivers a data-rich foundation for decisions with long-term impact.
Backed by our Power2Sim model, it reflects current political, economic, and regulatory signals, without relying on outdated LCOE assumptions. Instead, it realistically maps the energy transition, based on actual policy targets and market constraints.
Includes:
Nominal and real baseload price forecasts to 2060
Country-level insights and scenario comparisons
Capture prices for wind and solar, including cannibalisation effects
Storage economics and flexible demand trends