Business Monitor International


Italy Power Report

Published 23 December 2014

  • 62 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Italy Power Report

BMI View: Italy is trying hard to appeal to international investors, with the government reorganising its holdings in gas and power grid networks. The first results are promising with an imminent EUR2.1bn deal by China's State Grid International Development (SGDL) to buy a 35% stake in Italy's power grid. But the country is still suffering in the face of economic challenges and the austerity measures proposed to turn the economy around are unpopular. As such, it is of little surprise that E.ON has officially announced the will to sell its Italian operations with Gazprom, Edison and Erg reportedly potential buyers. In December 2014 Russia officially scrapped the South Stream gas pipeline, a project that could have helped transform Italy in to a regional gas hub.

In addition, the sluggish economic performance is also having an impact on electricity consumption levels. We have significantly lowered our forecast for consumption and production levels, particularly in gas-fired generation. In the short term at least, we forecast that the renewable energy sector and transmission and distribution projects present the best opportunities for growth. Our view is confirmed by the new energy policy unveiled in August 2014 (Sblocca Energia). It aims to provide a lighter bureaucratic burden for new energy infrastructure investments and guaranteeing minimal earnings, based on regulated tariffs, for gas transmission and distribution projects.

Gas-fired power plants account for just under half of Italy's electricity generation capacitybut a government ruling means this gas will come from conventional sources and not shale gas exploration. As we had announced in our previous reports the gas-fired power market would have seen changes over the course of our forecast period. After heavy investments during the pre-crisis period in combined cycle gas fired plants, this market has found itself, due to a consumption contraction driven by an economy in protracted recession, with an...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
11
Italy Snapshot
11
Table: Country Snapshot: Economic and Demographic Data (Italy 2013-2018)
11
Table: Country Snapshot: Economic and Demographic Data (Italy 2018-2023)
11
Table: Country Snapshot: Power Sector
11
Italy Power Forecast Scenario
12
Electricity Generation and Power Generating Capacity
12
Table: Total Electricity Generation Data And Forecasts (Italy 2012-2017)
12
Table: Total Electricity Generation Data And Forecasts (Italy 2018-2023)
13
Electricity Consumption
21
Table: Total Electricity Consumption Data And Forecasts (Italy 2012-2017)
21
Table: Total Electricity Consumption Data And Forecasts (Italy 2018-2023)
21
Transmission And Distribution, Imports & Exports
22
Table: Electric Power T&D Losses Data And Forecasts (Italy 2012-2017)
22
Table: Electric Power T&D Losses Data And Forecasts (Italy 2018-2023)
22
Table: Trade Data And Forecasts (Italy 2012-2017)
22
Table: Trade Data And Forecasts (Italy 2018-2023)
23
Industry Risk/Reward Ratings
26
Italy Power Risk/Reward Ratings
26
Rewards
26
Risks
26
North America And Western Europe Power Risk/Reward Ratings
27
Table: North America And Western Europe Power Risk/Reward Ratings (Scores Out Of 100)
34
Market Overview
35
Key Policies And Market Structure
35
Regulation And Competition
35
Pricing
36
Italy Power Projects Database
37
Table: Italy Key Projects - Power
37
Competitive Landscape
39
Enel
39
Edison
40
Terna
41
Electrabel
42
Company Profile
43
Enel
43
Regional Overview
48
North America And Western Europe Regional Overview
48
Glossary
56
Table: Glossary Of Terms
56
Methodology
57
Methodology And Sources
57
Industry Forecast Methodology
57
Sources
60
Risk/Reward Ratings Methodology
60
Table: Power Risk/Reward Rating Indicators
61
Table: Weighting Of Indicators
62

The Italy 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 Italy 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 Italy to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks Italy's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Italy.
  • 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.

BMI’s Power Forecast Scenario

Forecasts to end-2024 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Generation: Electricity generation total, thermal, coal, natural gas, oil, nuclear, hydropower, hydro-electric pumped storage and non-hydropower renewables.
  • Transmission and Distribution Losses: Electric power transmission and distribution losses.
  • Trade: Total imports and exports.
  • Electricity Consumption: Net consumption.
  • Electricity Capacity: Capacity net, conventional thermal, nuclear, hydropower and non-hydroelectric renewables.

BMI’s Power Risk Reward Index

BMI’s Risk Reward Indices provide investors (power companies, service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors,

Market Overview

Structure, size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment, sustainable energy policies, pricing and the latest regulatory developments.

Key Projects Database

Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by location, sector type, capacity, value, companies and operational status.

Competitive Landscape

Illustration of the power industry that exploits our data-rich, in-depth analysis of the leading players in the sector and examination of operational results, strategic goals, market position and the potential for investment.

Power Outlook long-Term Forecasts

Regional long-term power forecasts covering electricity generation, consumption and capacity for thermal, hydroelectric and nuclear power. These are supported by a country specific  overview, alongside an analysis of key downside risks to the main forecasts.

Regional Overview

Providing BMI’s near-term economic outlook for the region as a whole, as well as taking a close look at countries of particular interest and the latest trends and developments.

Sources

The Power Market Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports, including Energy Information Administration (EIA), World Bank (WB) and United Nations (UN).

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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