Hungary Power Report

Published 29 May 2015

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

BMI View: This quarter our view on the Hungarian power market remains largely unvaried, w e continue to expect p ower gener ation to steadily rise o ver the forecast period, from 34.03TWh in 2015 to 36.59 TWh by 2024 . We also expect t hermal energy to remain the single largest component in Hungary ' s power mix, and an expansion of gas-fired electricity will constitute most of the expected rise in output. Meanwhile, consumption of power will rise by from 38.10TWh to 43.07TWh over the same timeframe, underpinned by a steady growth in the construction sector. The major background development will be massive investment in the Paks power station , which will significantly expand production of nuclear power just beyond the ten-year forecast period.

Key Trends And Developments

  • Ereymentau Wind Power has launched a tender to award a turnkey contract for the construction of the 50MW Yereymentau wind project in Kazakhstan. The project is likely to be expanded to 300MW in the future. The winning bidder will be responsible for designing, supplying and installing wind turbines as well as building the required civil and electrical infrastructure, including a grid connection to an existing 220kV network. Interested parties are required to submit prequalification documents by September 21. The European Bank for Reconstruction and Development and the Clean Technology Fund will finance the project.

  • Plans to modernise the Paks nuclear power plant continue to progress. In May, the Russian state-owned nuclear company Rosatom signed a contract with the Hungarian government to build two reactors at the Paks nuclear power plant in Hungary. The company will set up units 5 and 6 at the plant. The units will feature Rosatom's VVER-1200 reactors, which are expected to have production capacity of 1,200MW each. Russia also provided a loan of up to USD11bn for the project and Hungary aims to repay the loan after the reactors start operating.

BMI Industry View
7
SWOT
8
Industry Forecast
10
Hungary Snapshot
10
Table: Country Snapshot: Economic and Demographic Data (Hungary 2014-2019)
10
Table: Country Snapshot: Economic and Demographic Data (Hungary 2019-2024)
10
Table: Country Snapshot: Power Sector
10
Hungary Power Forecast Scenario
11
Table: Total Electricity Generation Data And Forecasts (Hungary 2013-2018)
11
Table: Total Electricity Generation Data And Forecasts (Hungary 2019-2024)
12
Table: Electricity Generating Capacity Data And Forecasts (Hungary 2013-2018)
14
Table: Electricity Generating Capacity Data And Forecasts (Hungary 2019-2024)
14
Electricity Consumption
19
Table: Total Electricity Consumption Data And Forecasts (Hungary 2013-2018)
19
Table: Total Electricity Consumption Data And Forecasts (Hungary 2019-2024)
20
Transmission & Distribution, Imports
21
Table: Electric Power T&D Losses Data And Forecasts (Hungary 2013-2018)
21
Table: Electric Power T&D Losses Data And Forecasts (Hungary 2019-2024)
21
Table: Trade Data And Forecasts (Hungary 2013-2018)
21
Table: Trade Data And Forecasts (Hungary 2019-2024)
21
Industry Risk/Reward Index
23
Industry Risk Reward Index
23
Hungary Power Risk/Reward Index
28
Rewards
28
Risks
28
Market Overview
30
Key Policies And Market Structure
30
Regulation And Competition
30
Pricing
31
Table: Electricity Prices In EU Member States, As Of May 2013
32
Hungary Power Projects Database
33
Table: Hungary Key Power Projects
33
Competitive Landscape
34
MVM
34
MAVIR
34
MOL
35
EdF
35
E
35
Hungary Power Report Q3 2015
Hungary Power Report Q3 2015
- Business Monitor International Ltd Page 4
- Business Monitor International Ltd Page 4
RWE
35
Electrabel
36
Company Profile
37
MVM
37
Regional Overview
40
CEE Power Regional Overview
40
Glossary
47
Table: Glossary Of Terms
47
Methodology
48
Industry Forecast Methodology
48
Sources
51
Risk/Reward Index Methodology
51
Table: Power Risk/Reward Index Indicators
52
Table: Weighting Of Indicators
53

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