Electricity Industry Profiles—Poland and Hungary
Electricity Industry Profiles—Poland and Hungary
Need to Replace Ageing Power Plant Capacity Will Result in Nearly €50 Billion Invested in New Plants by 2030
15-Jun-2017
Europe
Description
Poland will remain dependent on coal-fired generation, with 5GW of new capacity under construction. Installed capacity will decline by 2030, but coal will still account for 46% of electricity supply based on current policies. Wind energy was a promising market in Poland, but the changes in the law regarding turbines and proximity to buildings and forests has led to a collapse in investment. Despite the poor prospects for wind, investment prior to the announcement and strong investment in bioenergy mean that Poland is in line to meet the EU 2020 target. A total of €33.9 billion will be invested by 2030 in new power generation capacity—a mix of coal, gas, nuclear and bioenergy.
Political and regulatory uncertainty and ineffective financial support are the biggest challenges facing investors in Hungary. Their appetite in the power sector does not favour risk. Hungarian electricity prices are below the European average, as the country benefits from low-cost nuclear electricity and also a significant energy portion from coal. There has also been pressure on the government to limit price increases to avoid further political problems. Renewable investment has mainly been focused on biomass and a modest investment in wind energy. Hungary is expected to exceed its 2020 target of 13% of electricity from renewable energy sources by around 1.5%. Expansion of the Paks nuclear plant will significantly boost Hungary’s power capacity and reduce the dependence on imports.
Table of Contents
Executive Summary—Poland
Executive Summary—Hungary
Research Scope
Research Profile
Forecasting Methodology
Key Findings
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Electricity Market Overview
Energy Policy
Energy Policy (continued)
Fuel Mix Forecast
Installed Capacity Forecast
Power Investment Forecast
Support Mechanisms and Major Incentives
Competitive Environment—Generation
Electricity Distribution Market
Electricity Retail Market
Transmission Network
Key Findings
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Electricity Market Overview
Energy Policy
Energy Policy (continued)
Fuel Mix Forecast
Installed Capacity Forecast
Power Investment Forecast
Support Mechanisms and Major Incentives
Electricity Generation
Electricity Distribution Market
Electricity Retail Market
Transmission Network
Growth Opportunity 1—Business Models
Growth Opportunity 2—Vertical Integration
Strategic Imperatives for Power and Energy Companies
Legal Disclaimer
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Related Research
No Index | No |
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Podcast | No |
Author | Irmak Giray |
Industries | Energy |
WIP Number | 9AAE-00-4C-00-00 |
Is Prebook | No |