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

RELEASE DATE
15-Jun-2017
REGION
Europe
Research Code: 9AAE-00-4C-00-00
SKU: EG01779-EU-MR_20275
$1,500.00
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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
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.
More Information
No Index No
Podcast No
Author Irmak Giray
Industries Energy
WIP Number 9AAE-00-4C-00-00
Is Prebook No