Boston, MA -- (ReleaseWire) -- 01/03/2014 -- The future of the country's power sector is largely dependent on nuclear and renewables, although gas has a key role to play over the medium term, as it will help reduce reliance on coal in electricity generation. However, both sectors have experienced setbacks. Further delays are expected over the expansion of the Temelin nuclear facility, creating downside risk to our forecasts for nuclear in the Czech Republic. There is also an increasing level of uncertainty within the country's renewables regulatory framework, with a number of state subsidies for developers of renewable energy projects being cut. We therefore expect sluggish growth across the majority of segments within the renewables industry in 2014.
View Full Report Details and Table of Contents
Investment plans suggest that generation will comfortably meet demand, with steady growth in domestic demand providing net power exports to neighbouring countries. Longer term, the country aspires to significantly increase its nuclear power generation.
Key trends and developments in the Czech electricity market:
- Allowing for transmission and distribution losses (forecast at 5.9% in 2013, and expected to decrease to 5.8% by 2022, owing to new investment in the grid), power supply will continue to outweigh demand, allowing for continued net exports to neighbouring states. Czech power generation is forecast to reach 84.0 terrawatt hours (TWh) for 2013 and increase more or less steadily until 2019. However, we expect generation to waver over the latter part of the forecast period, declining to 76.2TWh by end-2022.
- An announcement made by the deputy industry minister that the country will continue to pursue nuclear power as a crucial resource for long-term energy security, highlights the controversies that surround the country's nuclear programme. The construction of the Temelin expansion has been in a state of flux for nearly a decade, as questions over economic feasibility continue to weigh heavily on project development. We believe there is significant scope for the project to encounter further delays, creating downside risk to our forecasts for nuclear, and believe that the Temelin expansion will continue to be a contentious issue within the country.
- News that the Czech Senate has passed a law that will put an end to the majority of state subsidies for renewable energy in the country comes as no surprise to BMI. The move is something that we had been anticipating since alterations to the subsidy scheme were first proposed nearly a year ago, and our growth forecasts for the market reflect the subdued market conditions.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Energy research reports at Fast Market Research
You may also be interested in these related reports:
- Turkey Power Report Q1 2014
- Kenya Power Report Q1 2014
- China Power Report Q1 2014
- Poland Power Report Q1 2014
- Mexico Power Report Q1 2014
- United Kingdom Power Report Q1 2014
- Czech Republic Petrochemicals Report Q1 2014
- Wind Power in Czech Republic, Market Outlook to 2025 - Capacity, Generation, Market Share, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles
- Solar PV in Czech Republic, Market Outlook to 2025 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles
- Global Power Survey 2013-2014 - Market Trends, Marketing Spend and Sales Strategies in the Global Power Industry