(MENAFNEditorial)
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.
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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...
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.
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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