Business Monitor International


Czech Republic Power Report

Published 18 March 2014

  • 58 pages
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$1,295.00
Czech Republic Power Report

BMI View: 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 following the announcement by the g overnment that it might not to guarantee strike prices . c. 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. W e therefore expect sluggish growth across the majority of segments within the renewables industry in 201 4 .

Investment plans suggest 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

  • Allowing for system losses (forecast at 5.83%in 2014 and expected to decrease to 5.79% by 2023), owing to new investment in the grid), power supply should continue to outweigh demand, enabling continued net exports to neighbouring states. This quarter, we expect Czech power generation to reach an 84.35 terawatt hours (TWh) in 2014, and expect it will decrease by an annual average of 0.7% between 2014 and 2023, to reach 78.2TWh.

  • CEZ has put off the construction of two new units at the Temelin nuclear power plant until mid-2015. The decision comes as a number of uncertainties have casted serious doubts on the feasibility of the project, including the recent announcement by the Czech Prime Minister Bohuslav Sobotka that his new government will not guarantee the purchase price of electricity generated at the expanded plant by utility CEZ. The construction of the Temelin expansion has been in a state of flux for nearly a decade, as questions...

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
Czech Republic Snapshot
10
Table: Country Snapshot: Economic And Demographic Data
10
Table: Country Snapshot: Power Sector
10
Czech Republic Power Forecast Scenario
11
Electricity Generation And Power Generating Capacity
11
Table: Czech Republic Total Electricity Generation Data And Forecasts, 2012-2017
11
Table: Czech Republic Total Electricity Generation Long-Term Forecasts, 2018-2023
12
Table: Czech Republic Electricity Generating Capacity Data And Forecasts, 2012-2017
14
Table: Czech Republic Electricity Generating Capacity Long-Term Forecasts, 2018-2023
15
Electricity Consumption
19
Table: Czech Republic Total Electricity Consumption Data And Forecasts, 2012-2017
19
Table: Czech Republic Total Electricity Consumption Long-Term Forecasts, 2018-2023
19
Transmission & Distribution, Imports & Exports
20
Table: Czech Republic Electric Power Transmission And Distribution Losses Data And Forecasts, 2012 -2017
20
Table: Czech Republic Electric Power Transmission And Distribution Losses Long-Term Forecasts, 2018 - 2023
20
Table: Czech Republic Trade Data And Forecasts, 2012 -2017
20
Table: Czech Republic Trade Long-Term Forecasts, 2018-2023
20
Industry Risk/Reward Ratings
22
CEE Power Risk/Reward Ratings
22
Table: CEE Power Risk/Reward Ratings, (Scores Out Of 100)
28
Czech Republic Power Risk/Reward Ratings
29
Rewards
29
Risks
29
Market Overview
31
Key Policies And Market Structure
31
Regulation And Competition
31
Sustainable Energy Policies
32
Pricing
34
Table: Electricity Prices In the EU Member States, As Of March 2013
35
Czech Republic Power Projects Database
37
Table: Major Projects - Power
37
Competitive Landscape
38
CEZ
39
CEPS
39
PRE
39
E
39
Company Profile
40
-EZ
40
Regional Overview
44
Industry Trend Analysis
44
Glossary
51
Table: Glossary Of Terms
51
Methodology
52
Methodology And Sources
52
Industry Forecast Methodology
52
Sources
55
Risk/Reward Ratings Methodology
55
Table: Power Risk/Reward Rating Indicators
56
Table: Weighting Of Indicators
58

The Czech Republic Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Czech Republic Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

  • Use BMI's independent industry forecasts for Czech Republic to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks Czech Republic's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Czech Republic
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector, and within the broader political, economic and business environment.

Regional Overview

The Regional Overview provides a comparative context from within which one can assess the relative profitability of the power industry in a given country, incorporating BMI's country risk macro forecasts into our regional analysis. They also detail any relevant issues or events that might cause market fluctuations, as well as evaluate the impact of existing power infrastructure and fresh investments on the regional market.

BMI Industry Forecasts

The Industry Forecasts provide historic data series and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual power segment present in the country. These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast. These in turn are broken down into:

Electricity Generation forecasts for Thermal, Coal, Gas, Oil, Nuclear, Hydro and Non-Hydro Renewables. For this section, we provide information on electricity generation (TWh), % growth year-on-year, KWh per capita, and the % of total electricity generation. The thermal fuels (coal, gas and oil) also have figures for their % of total thermal electricity generation.

Electricity Generating Capacity offers forecasts for the potential net capacity and net capacity growth % change year-on-year for the whole power industry. It also includes individual forecasts for capacity (MW), capacity growth % change year-on-year, and % of total capacity for Thermal, Nuclear, Hydro and Non-Hydro Renewables.

The section also includes historic data series and forecasts to end-2018 for:

Electricity Consumption, encompassing information on net consumption (TWh), net consumption growth % change year-on-year, and net consumption per capita (KWh).

Transmission And Distribution Losses, comprising predictions on Electric Power Transmission And Distribution Losses, (TWh), and Electric Power Transmission And Distribution Losses, % of Output.

Electricity Trade, offering historical figures for imports and exports and forecasts for net imports (TWh).

Market Overview

This section provides an overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Risk/Reward Ratings

BMI's Power Risk/reward Ratings provide fully comparable ratings aimed at investors (power companies, services companies and equity investors) in the regional power market. The ratings methodology makes sophisticated use of various industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Ratings products.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc