Electricity Industry Profiles—Estonia, Latvia, and Lithuania

Electricity Industry Profiles—Estonia, Latvia, and Lithuania

Interconnections to Europe Key to the Regions’ Development

RELEASE DATE
28-Mar-2017
REGION
Europe
Research Code: MC98-01-00-00-00
SKU: EG01737-EU-MR_19843
$3,000.00
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Description

This study forms part of Frost & Sullivan's European Electricity Industry Profiles series and includes Estonia, Latvia, and Lithuania. Included in these profiles are:
•     an assessment of key drivers and restraints in the market
•     the demand and total generation profile
•     key aspects of energy policy
•     forecasts on the development of fuel mix, including installed capacity and Euro investment
•     renewable support incentives and mechanisms
•     key participants in power generation, retail, and distribution
•     shape of the transmission and distribution network and future investments
Although the Baltic States are 3 of Europe's smallest electricity markets, they offer attractive investment opportunities for European investors. All 3 are looking to increase their penetration of renewable energy as a way of ensuring security of supply against dependence on Russian gas, although there have not been any major supply crisis for some time now and Russia is keen on not scaring its European customers at a time when renewable energy investment across Europe is continuing to increase.
Another key strategy for security is investment in interconnections between states and, crucially, between the large Nordpool grid of the Nordic countries. All 3 countries have strong national champions that dominate electricity generation, but smaller companies are gaining share, mainly through investment in wind or bioenergy projects. The climatic conditions mean that solar potential in the region is limited. In the retail market, the rate of liberalisation is varied, but new entrants are starting to make inroads into the traditional state of dominance.
In terms of new investments, Estonia has plans to invest mainly in wind energy, but will also continue to invest in oil shale, a type of fuel found in few countries around the world. This fuel is not environment-friendly, but Estonia needs to leverage its natural resources and it cannot move entirely away from this fuel. New plants will have the latest environmental pollution control technologies and will operate at higher levels of efficiency than current plants, which is a significant improvement. The Baltic interconnector between Estonia and Finland will also help to ensure its energy security, a matter of key importance.
Latvia is making significant investments in wind technology, but the largest amount will go into natural gas, sourced from Russia and the Nordic region. Latvia has a fully liberalised electricity market and this should encourage new investments. In addition, Latvia is investing in bioenergy, given its extensive forestry resources that it can draw on for feedstock supply. Latvia also needs the baseload electricity generation that comes from fuels such as bioenergy to balance intermittent hydro power, on which it depends heavily.
Lithuania is investing significant amounts in wind energy and fossil fuels, mainly natural gas. Lithuania has an operational liquefied natural gas (LNG) terminal, which means it can source gas from the global market. This makes the country more comfortable with the idea of investing in gas. It is also investing in pipeline connections.

Table of Contents

Estonia

Latvia

Lithuania

Research Scope

Research Profile

Forecasting Methodology

Key Findings

Drivers and Restraints

Electricity Market Overview

Energy Policy

Fuel Mix Forecast

Installed Capacity Forecast

Power Investment

Support Mechanisms and Major Incentives

Electricity Generation

Electricity Distribution Market

Electricity Retail Market

Transmission Network

Key Findings

Drivers and Restraints

Electricity Market Overview

Energy Policy

Fuel Mix Forecast

Installed Capacity Forecast

Power Investment

Support Mechanisms and Major Incentives

Electricity Generation

Electricity Distribution Market

Electricity Retail Market

Transmission Network

Key Findings

Drivers and Restraints

Electricity Market Overview

Energy Policy

Fuel Mix Forecast

Installed Capacity Forecast

Power Investment

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

List of Figures
  • 1. Electricity Industry Profiles: Key Market Drivers, Estonia, 2016–2030
  • 2. Electricity Industry Profiles: Key Market Restraints, Estonia, 2016–2030
  • 3. Electricity Industry Profiles: Electricity Production, Estonia, 2015
  • 4. Electricity Industry Profiles: Distribution, 2015
  • 5. Electricity Industry Profiles: Retail, Estonia 2015
  • 6. Electricity Industry Profiles: Electricity Transmission System, Estonia, 2015
  • 7. Electricity Industry Profiles: Key Market Drivers, Latvia, 2016–2030
  • 8. Electricity Industry Profiles: Key Market Restraints, Latvia, 2016–2030
  • 9. Electricity Industry Profiles: Electricity Production, Latvia, 2015
  • 10. Electricity Industry Profiles: Energy Policy, Latvia, 2015
  • 11. Electricity Industry Profiles: Installed Plant Capacity, Latvia, 2015–2030
  • 12. Electricity Industry Profiles: Electricity Generated, Latvia, 2015–2030
  • 13. Electricity Industry Profiles: Distribution, Latvia, 2015
  • 14. Electricity Industry Profiles: Retail, Latvia, 2015
  • 15. Electricity Industry Profiles: Electricity Transmission System, Latvia, 2015
  • 16. Electricity Industry Profiles: Key Market Drivers, Lithuania, 2016–2030
  • 17. Electricity Industry Profiles: Key Market Restraints, Estonia, 2016–2030
  • 18. Electricity Industry Profiles: Electricity Production, Lithuania, 2015
  • 19. Electricity Industry Profiles: Energy Policy, Lithuania, 2016
  • 20. Electricity Industry Profiles: Installed Plant Capacity, Latvia, 2015–2030
  • 21. Electricity Industry Profiles: Electricity Generated, Lithuania, 2015–2030
  • 22. Electricity Industry Profiles: Distribution, Lithuania, 2015
  • 23. Electricity Industry Profiles: Retail, Lithuania, 2015
  • 24. Electricity Industry Profiles: Electricity Transmission System, Lithuania, 2015
List of Charts
  • 1. Electricity Industry Profiles: Installed Capacity Forecast, Estonia, 2015, 2020, and 2030
  • 2. Electricity Industry Profiles: Power Capacity Investment, Estonia, 2015–2020 and 2020–2030
  • 3. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Estonia, 2015
  • 4. Electricity Industry Profiles: Installed Capacity Forecast, Latvia, 2015, 2020, and 2030
  • 5. Electricity Industry Profiles: Power Capacity Investment, Latvia, 2015–2020 and 2020–2030
  • 6. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Latvia, 2015
  • 7. Electricity Industry Profiles: Installed Capacity Forecast, Lithuania, 2015, 2020, and 2030
  • 8. Electricity Industry Profiles: Power Capacity Investment, Lithuania, 2015–2020 and 2020–2030
  • 9. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Lithuania, 2015
  • 10. Electricity Industry Profiles: Electricity Demand by Sector, Estonia, 2015
  • 11. Electricity Industry Profiles: Installed Forecast, Estonia, 2015, 2020, and 2030
  • 12. Electricity Industry Profiles: Power Capacity Investment, Estonia, 2015–2020 and 2020–2030
  • 13. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Estonia, 2015
  • 14. Electricity Industry Profiles: Electricity Demand by Sector, Latvia, 2015
  • 15. Electricity Industry Profiles: Installed Forecast, Latvia, 2015, 2020, and 2030
  • 16. Electricity Industry Profiles: Power Capacity Investment, Latvia, 2015–2020, 2020–2030
  • 17. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Latvia, 2015
  • 18. Electricity Industry Profiles: Electricity Demand by Sector, Lithuania, 2015
  • 19. Electricity Industry Profiles: Installed Forecast, Lithuania, 2015, 2020, and 2030
  • 20. Electricity Industry Profiles: Power Capacity Investment, Lithuania, 2015–2020 and 2020–2030
  • 21. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Lithuania, 2015
Related Research
This study forms part of Frost & Sullivan's European Electricity Industry Profiles series and includes Estonia, Latvia, and Lithuania. Included in these profiles are: • an assessment of key drivers and restraints in the market • the demand and total generation profile • key aspects of energy policy • forecasts on the development of fuel mix, including installed capacity and Euro investment • renewable support incentives and mechanisms • key participants in power generation, retail, and distribution • shape of the transmission and distribution network and future investments Although the Baltic States are 3 of Europe's smallest electricity markets, they offer attractive investment opportunities for European investors. All 3 are looking to increase their penetration of renewable energy as a way of ensuring security of supply against dependence on Russian gas, although there have not been any major supply crisis for some time now and Russia is keen on not scaring its European customers at a time when renewable energy investment across Europe is continuing to increase. Another key strategy for security is investment in interconnections between states and, crucially, between the large Nordpool grid of the Nordic countries. All 3 countries have strong national champions that dominate electricity generation, but smaller companies are gaining share, mainly through investment in wind or bioenergy projects. The climatic conditions mean that solar potential in the region is limited. In the retail market, the rate of liberalisation is varied, but new entrants are starting to make inroads into the traditional state of dominance. In terms of new investments, Estonia has plans to invest mainly in wind energy, but will also continue to invest in oil shale, a type of fuel found in few countries around the world. This fuel is not environment-friendly, but Estonia needs to leverage its natural resources and it cannot move entirely away from this fuel. New plants will have the latest en
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Table of Contents | Executive Summary~ || Estonia~ || Latvia~ || Lithuania~ | Research Scope and Methodology~ || Research Scope~ || Research Profile~ || Forecasting Methodology~ | Estonia~ || Key Findings~ || Drivers and Restraints~ || Electricity Market Overview~ || Energy Policy~ || Fuel Mix Forecast~ || Installed Capacity Forecast~ || Power Investment~ || Support Mechanisms and Major Incentives~ || Electricity Generation~ || Electricity Distribution Market~ || Electricity Retail Market~ || Transmission Network~ | Latvia~ || Key Findings~ || Drivers and Restraints~ || Electricity Market Overview~ || Energy Policy~ || Fuel Mix Forecast~ || Installed Capacity Forecast~ || Power Investment~ || Support Mechanisms and Major Incentives~ || Electricity Generation~ || Electricity Distribution Market~ || Electricity Retail Market~ || Transmission Network~ | Lithuania~ || Key Findings~ || Drivers and Restraints~ || Electricity Market Overview~ || Energy Policy~ || Fuel Mix Forecast~ || Installed Capacity Forecast~ || Power Investment~ || Support Mechanisms and Major Incentives~ || Electricity Generation~ || Electricity Distribution Market~ || Electricity Retail Market~ || Transmission Network~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Business Models~ || Growth Opportunity 2—Vertical Integration~ || Strategic Imperatives for Power and Energy Companies~ || Legal Disclaimer~ | The Frost & Sullivan Story~
List of Charts and Figures 1. Electricity Industry Profiles: Key Market Drivers, Estonia, 2016–2030~ 2. Electricity Industry Profiles: Key Market Restraints, Estonia, 2016–2030~ 3. Electricity Industry Profiles: Electricity Production, Estonia, 2015~ 4. Electricity Industry Profiles: Distribution, 2015~ 5. Electricity Industry Profiles: Retail, Estonia 2015~ 6. Electricity Industry Profiles: Electricity Transmission System, Estonia, 2015~ 7. Electricity Industry Profiles: Key Market Drivers, Latvia, 2016–2030~ 8. Electricity Industry Profiles: Key Market Restraints, Latvia, 2016–2030~ 9. Electricity Industry Profiles: Electricity Production, Latvia, 2015~ 10. Electricity Industry Profiles: Energy Policy, Latvia, 2015~ 11. Electricity Industry Profiles: Installed Plant Capacity, Latvia, 2015–2030~ 12. Electricity Industry Profiles: Electricity Generated, Latvia, 2015–2030~ 13. Electricity Industry Profiles: Distribution, Latvia, 2015~ 14. Electricity Industry Profiles: Retail, Latvia, 2015~ 15. Electricity Industry Profiles: Electricity Transmission System, Latvia, 2015~ 16. Electricity Industry Profiles: Key Market Drivers, Lithuania, 2016–2030~ 17. Electricity Industry Profiles: Key Market Restraints, Estonia, 2016–2030~ 18. Electricity Industry Profiles: Electricity Production, Lithuania, 2015~ 19. Electricity Industry Profiles: Energy Policy, Lithuania, 2016~ 20. Electricity Industry Profiles: Installed Plant Capacity, Latvia, 2015–2030~ 21. Electricity Industry Profiles: Electricity Generated, Lithuania, 2015–2030~ 22. Electricity Industry Profiles: Distribution, Lithuania, 2015~ 23. Electricity Industry Profiles: Retail, Lithuania, 2015~ 24. Electricity Industry Profiles: Electricity Transmission System, Lithuania, 2015~| 1. Electricity Industry Profiles: Installed Capacity Forecast, Estonia, 2015, 2020, and 2030~ 2. Electricity Industry Profiles: Power Capacity Investment, Estonia, 2015–2020 and 2020–2030~ 3. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Estonia, 2015~ 4. Electricity Industry Profiles: Installed Capacity Forecast, Latvia, 2015, 2020, and 2030~ 5. Electricity Industry Profiles: Power Capacity Investment, Latvia, 2015–2020 and 2020–2030~ 6. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Latvia, 2015~ 7. Electricity Industry Profiles: Installed Capacity Forecast, Lithuania, 2015, 2020, and 2030~ 8. Electricity Industry Profiles: Power Capacity Investment, Lithuania, 2015–2020 and 2020–2030~ 9. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Lithuania, 2015~ 10. Electricity Industry Profiles: Electricity Demand by Sector, Estonia, 2015~ 11. Electricity Industry Profiles: Installed Forecast, Estonia, 2015, 2020, and 2030~ 12. Electricity Industry Profiles: Power Capacity Investment, Estonia, 2015–2020 and 2020–2030~ 13. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Estonia, 2015~ 14. Electricity Industry Profiles: Electricity Demand by Sector, Latvia, 2015~ 15. Electricity Industry Profiles: Installed Forecast, Latvia, 2015, 2020, and 2030~ 16. Electricity Industry Profiles: Power Capacity Investment, Latvia, 2015–2020, 2020–2030~ 17. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Latvia, 2015~ 18. Electricity Industry Profiles: Electricity Demand by Sector, Lithuania, 2015~ 19. Electricity Industry Profiles: Installed Forecast, Lithuania, 2015, 2020, and 2030~ 20. Electricity Industry Profiles: Power Capacity Investment, Lithuania, 2015–2020 and 2020–2030~ 21. Electricity Industry Profiles: Key Market Participants’ Installed Capacity, Lithuania, 2015~
Author Swagath Navin Manohar
Industries Energy
WIP Number MC98-01-00-00-00
Is Prebook No