(MENAFNEditorial)
While our medium-term outlook for South Korea's electricity sector remains positive with fundamental factors such as stable economic positive demographic growth and supportive public policy all provid ing power companies with opportunities we note the growing conflict concerns about pollution and safety will weigh on profitability. However in the short-term we believe the imperative to minimise electricity shortfalls will prevail which should therefore see the government take a more positive stance to encourage the expansion of generation capacity.
We forecast overall power generation in South Korea to grow at an average of 4.2% per annum between 2014 and 2023 reaching 788.1 terawatt hours (TWh) by the end of the period. While coal- and gas-fired generation will continue to play a vital role we expect nuclear generation to exhibit the fastest growth rates. That said we believe these high growth rates will feature more greatly in the second half of our 10-year forecast period given the current high level of public distrust of nuclear power.
Full Report Details at
- http://www.fastmr.com/prod/888114_south_korea_power_report_q4_2014.aspx?afid=101
Key T rends A nd Developments
* The South Korean government appears significantly more prepared to introduce a cap-and-trade system on emissions of carbon dioxide than it was in 2013. That said we see a number of key obstacles and shortcomings that have yet to be addressed such as the government's expected price for carbon permits and it's method for data collection and forecasting.
The South Korea 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 South Korea 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 South Korea to test other views - a key input for successful budgeting and strategic planning in the power market.
* Target business opportunities and risks South Korea's power sector through our reviews of latest power industry trends regulatory changes and major deals projects and investments in South Korea
* 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 Rankings
BMI's Power Risk/reward Rankings provide fully comparable rankings aimed at investors (power companies services companies and equity investors) in the regional power market. The rankings methodology makes sophisticated use of various industry economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.
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