New Energy Research Report: Hungary Power Report Q1 2012
10.02.2012 00:37:55 - Recently published research from Business Monitor International, "Hungary Power Report Q1 2012", is now available at Fast Market Research
(live-PR.com) - BMI View: Hungary is currently faced with modest power demand growth, relatively high electricity pricing and some tough decisions over the timing and type of supply expansion. It harbours long-term ambitions to export surplus power to Germany, but this probably requires an early decision on nuclear capacity investment. Meanwhile, there is a concerted effort to enlarge the country's renewables capability,
but progress is slower than for a number of European peers.
While renewables are also a core part of power supply growth, Hungary accepts that expansion of wind and solar cannot alone meet rising demand, with nuclear the only realistic low-carbon option available to state generator MVM. It has been estimated by the government that 9GW of installed capacity will need to be added by 2025, and that nuclear will account for the single biggest addition.
Key trends and recent developments in the Hungarian electricity market include:
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Full Report Details at
- www.fastmr.com/prod/326920_hungary_power_report_ ..
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* The likely average annual growth rate for Hungarian power consumption is just 1.1% between 2011 and 2016, continuing around this stately pace until 2021. This represents less than half the BMI-forecast real GDP growth rate and reflects the relative maturity of the energy market. Growth in power generation over the next five years is almost 2.0% per annum, allowing for a gradual reduction in import dependency. Continuing expansion of supply above the rate of demand growth could ultimately deliver the country's desired export potential.
* The time taken to connect wind farms to the grid, and the high costs of doing so, are the main barriers to wind energy development in Hungary, it has been revealed by the European Wind Energy Association (EWEA) and the Hungarian Wind Energy Association (HuWEA). EWEA and HuWEA would like to see at least 1.2GW installed in the country by 2020, which would provide about 5% of its electricity demand.
* According to BMI forecasts, non-hydro renewables generation should reach 3.9TWh by 2016, climbing further to 5.0TWh by 2021. Within this total, wind power is put at 0.7TWh in 2016 and 1.1TWh by 2021. These figures fall well short of government targets, but policy revisions are clearly capable of accelerating the growth in wind power use.
* Power prices are relatively high when compared with European peers. June 2011 data, for example, show that household customers were paying around 17% more than equivalent users in the Czech Republic. Hungarian prices are slightly below those of Germany, providing support for long-term export plans.
Report Table of Contents:
SWOT Analysis
- Hungary Power SWOT
Global Industry Overview
- Slower Growth In Developed Markets To Accentuate Differences
Regional Industry Overview
- Steady But Moderate Growth in CEE, Turkey under Scrutiny
Industry Forecast Scenario
- Hungary Snapshot (Macro)
- Hungary Snapshot: Economic and Demographic Data
- Hungary Forecast Scenario
- Electricity Generation and Power Generating Capacity
- Table: Hungary Total Generation Data
- Table: Hungary Total Generation Data
- Table: Hungary Electricity Generating Capacity Data
- Table: Hungary Electricity Generating Capacity Data
- Electricity Consumption
- Table: Hungary Consumption by Energy Sector Data
- Table: Hungary Consumption by Energy Sector Data
- Table: Hungary Total Consumption Data
- Table: Hungary Total Consumption Data
- Transmission & Distribution, Imports & Exports
- Table: Hungary Electric Power Transmission And Distribution Losses Data
- Table: Hungary Electric Power Transmission And Distribution Losses Data
- Table: Hungary Trade Data
- Table: Hungary Trade Data
Key Policies/Market Structure
- Regulation and Competition
- Pricing
- Table: Electricity Prices In the EU Member States, As Of June 2011
- Key Projects Database
- Table: Hungary Key Projects Power Plants & transmission grids
Business Environment
- Regional Risk/Reward Ratings
- CEE POWER RISK/REWARD RATINGS (Scores Out Of 100)
- Hungary Power Risk/Reward Ratings
- Hungary Power Rating
- Rewards
- Risks
Competitive Landscape
- MVM
- MAVIR
- MOL
- EdF
- E.ON
- RWE
- Electrabel
- AES
Company Profiles
- MVM
Glossary of Terms
- Table: Glossary of Terms
Methodology and Sources
- Industry Forecasts
- Power Industry - Data Methodology
- Generation and Consumption Data
- Electricity Generation Capacity Data
- Power Risk/Reward Ratings Methodology
- Table: Power Risk/Reward Indicators
- Sources
View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=101 ..
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.
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While renewables are also a core part of power supply growth, Hungary accepts that expansion of wind and solar cannot alone meet rising demand, with nuclear the only realistic low-carbon option available to state generator MVM. It has been estimated by the government that 9GW of installed capacity will need to be added by 2025, and that nuclear will account for the single biggest addition.
Key trends and recent developments in the Hungarian electricity market include:
------------------------------------------------------------
Full Report Details at
- www.fastmr.com/prod/326920_hungary_power_report_ ..
------------------------------------------------------------
* The likely average annual growth rate for Hungarian power consumption is just 1.1% between 2011 and 2016, continuing around this stately pace until 2021. This represents less than half the BMI-forecast real GDP growth rate and reflects the relative maturity of the energy market. Growth in power generation over the next five years is almost 2.0% per annum, allowing for a gradual reduction in import dependency. Continuing expansion of supply above the rate of demand growth could ultimately deliver the country's desired export potential.
* The time taken to connect wind farms to the grid, and the high costs of doing so, are the main barriers to wind energy development in Hungary, it has been revealed by the European Wind Energy Association (EWEA) and the Hungarian Wind Energy Association (HuWEA). EWEA and HuWEA would like to see at least 1.2GW installed in the country by 2020, which would provide about 5% of its electricity demand.
* According to BMI forecasts, non-hydro renewables generation should reach 3.9TWh by 2016, climbing further to 5.0TWh by 2021. Within this total, wind power is put at 0.7TWh in 2016 and 1.1TWh by 2021. These figures fall well short of government targets, but policy revisions are clearly capable of accelerating the growth in wind power use.
* Power prices are relatively high when compared with European peers. June 2011 data, for example, show that household customers were paying around 17% more than equivalent users in the Czech Republic. Hungarian prices are slightly below those of Germany, providing support for long-term export plans.
Report Table of Contents:
SWOT Analysis
- Hungary Power SWOT
Global Industry Overview
- Slower Growth In Developed Markets To Accentuate Differences
Regional Industry Overview
- Steady But Moderate Growth in CEE, Turkey under Scrutiny
Industry Forecast Scenario
- Hungary Snapshot (Macro)
- Hungary Snapshot: Economic and Demographic Data
- Hungary Forecast Scenario
- Electricity Generation and Power Generating Capacity
- Table: Hungary Total Generation Data
- Table: Hungary Total Generation Data
- Table: Hungary Electricity Generating Capacity Data
- Table: Hungary Electricity Generating Capacity Data
- Electricity Consumption
- Table: Hungary Consumption by Energy Sector Data
- Table: Hungary Consumption by Energy Sector Data
- Table: Hungary Total Consumption Data
- Table: Hungary Total Consumption Data
- Transmission & Distribution, Imports & Exports
- Table: Hungary Electric Power Transmission And Distribution Losses Data
- Table: Hungary Electric Power Transmission And Distribution Losses Data
- Table: Hungary Trade Data
- Table: Hungary Trade Data
Key Policies/Market Structure
- Regulation and Competition
- Pricing
- Table: Electricity Prices In the EU Member States, As Of June 2011
- Key Projects Database
- Table: Hungary Key Projects Power Plants & transmission grids
Business Environment
- Regional Risk/Reward Ratings
- CEE POWER RISK/REWARD RATINGS (Scores Out Of 100)
- Hungary Power Risk/Reward Ratings
- Hungary Power Rating
- Rewards
- Risks
Competitive Landscape
- MVM
- MAVIR
- MOL
- EdF
- E.ON
- RWE
- Electrabel
- AES
Company Profiles
- MVM
Glossary of Terms
- Table: Glossary of Terms
Methodology and Sources
- Industry Forecasts
- Power Industry - Data Methodology
- Generation and Consumption Data
- Electricity Generation Capacity Data
- Power Risk/Reward Ratings Methodology
- Table: Power Risk/Reward Indicators
- Sources
View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=101 ..
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.
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