Power Market Review 2023

The 2023 Power Market Review looks at the complex risks shaping the industry and how these challenges are redefining the landscape in which power market insurers operate.

The 2023 Power Market Review explores the theme of "A smarter way to manage resilience in a volatile world" and highlights four primary challenges facing the power market and insurers. These challenges include the Russia-Ukraine conflict's impact on energy security, global inflation affecting purchasing power and costs, the urgency of addressing climate change and energy transition, and disruptions in supply chains and technology advancements. In the report we also examine the influence of El Niño on the power market from an insurance perspective.