On behalf of Nord Stream 2, ewi ER&S analyzed the effects of the Nord Stream 2 pipeline on European wholesale power prices. The study shows that European electricity prices will be between 2.2 to 4.3 €/MWh lower (a 5% to 8% reduction) in a Low LNG price scenario, and 6.5 to 10.7 €/MWh lower in a High LNG price scenario (a 12% to 16% reduction). These lower prices result in a benefit to European consumers of €7bn to €14bn per year in the Low LNG price scenario and €21bn to €35bn per year in the High LNG price scenario.
