Platts to replace 3Pi European PPA indices

Platts, part of S&P Global Commodity Insights, has decided to replace its Power Purchase Agreement (PPAs) index series (3Pi) based on a new methodology that will leverage PPA intelligence gathered from the market and our renewables analytical datasets, effective June 2, 2025.

The 3Pi series, created jointly and co-branded with Pexapark, will be discontinued by mutual consent, concluding this publishing collaboration. The subscriber note announcing the discontinuation of the co-branded index series was published April 7 and can be found here(opens in a new tab).

The new indices will be based on wholesale forward electricity market data, renewable capture rates, guarantees of origin certification (GOs) values and risk premium assessments. PPA transactions and other market data will be considered to inform the index calculation.

They will cover the same specifications as the 3Pi series: 10-year onshore wind and solar for Spain and Germany.

The indices will be available in European Power Daily, REC Daily and on fixed pages PEP0101 and PEP0102.

The new indices were proposed in a subscriber note published April 7, available here(opens in a new tab).

Please send any questions or feedback to powerpricing@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.

If you have any questions or feedback for Pexapark, please contact them at support@pexapark.com.