Ukraine Power Report

Providing expert analysis, independent forecasts and competitive intelligence on the power.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Petrochemicals Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

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  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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Ukraine Power Report
Product Price
$1,295.00

BMI View: The immediate outlook for electricity generation in Ukraine is poor, with an official state of energy emergency still in place in parts of the country. Despite a ceasefire agreement in 2015, there are reports of continued fighting in eastern Ukraine. That said, we expect power generation to stabilise in 2016 as conditions improve marginally, and see total generation returning to near-2014 levels.

Headline Power Forecasts (Ukraine 2015-2021)
2015e 2016f 2017f 2018f 2019f 2020f 2021f
e/f = BMI estimate/forecast. Source: EIA, UN Data
Generation, Total, TWh 157.220 159.840 162.410 165.260 167.350 176.380 184.940
Consumption, Net Consumption, TWh 139.4 139.7 143.3 146.2 149.5 153.3 157.5
Capacity, Net, MW 55,993.1 56,472.1 56,496.9 56,858.5 56,871.4 58,095.7 59,132.1

Latest Updates & Structural Trends

  • In the longer term, production and consumption will rise as the economy starts to recover and processes of integration with the EU bring about a partial liberalization of the power sector and investment from abroad. This will create opportunities for investment in Ukraine's power sector. However, multiple barriers stand in the way of developing the sector, including corruption, vested interests and the fractious political environment, that electricity production will fall far short of Ukraine's potential.

  • Ukraine's natural gas imports approximately halved over the course of January-February 2016 (versus the same period in the previous year), with the entirety of them coming from the European Union rather than Russia. The difficult import outlook for natural gas suggests downside risks to our forecast for gas-fired generation to stabilise in 2016. The short-term outlook for Ukraine's coal-fired power sector is poor due to the ongoing conflict in Ukraine's main coal-producing regions in the east of the country. Around two-thirds of Ukraine's mines have ceased activity, forcing Ukraine to import coal to cover its needs.

  • As a result of the uncertainty surrounding Ukraine's long-term energy supply, the national energy company Ukrenergo has imposed rolling blackouts and suspended exports to Belarus and Russian-occupied Crimea. Ukraine has also started to import electricity from Russia, but this is vulnerable to political conditions, specifically Russia's demand that Ukraine continues supplying electricity to the rebel-held Donbass region.

  • In line with an agreement with the IMF, prices increased 40% in March 2015 and will continue rising until 2017. This follows a sharp increase in wholesale prices in 2014 (from UAH730 to UAH830 per megawatt-hour) due to problems in domestic generation.

  • Consumption is falling as swathes of south-eastern Ukraine are left without electricity following damage to power lines and stations. Instability has also compromised the steel industry, the single main consumer of electricity - exacerbating an existing dip in global demand for steel, which has already been lowering production.

  • Crimea faces widespread power shortages, which have left the local administration dependent on back-up generators to keep key installations and emergency services running. According to the BBC, more than 1.6mn people are without power in Crimea, as activists and Ukrainian nationalists prevent crews from carrying out repair work on the main power lines that supply Crimea from southern Ukraine.

  • Ukraine and the EU are continuing to work on the implementation of a trade deal that will bring Ukraine more closely under the ambit of Brussels and could accelerate a liberalisation of the power sector including deregulation, privatisation and the introduction of a market-based pricing system.

BMI Industry View
7
Table: Headline Power Forecasts (Ukraine 2015-2021)
7
Latest Updates And Structural Trends
7
SWOT
9
Industry Forecast
11
Ukraine Snapshot
11
Table: Country Snapshot: Economic And Demographic Data (Ukraine 2015-2019)
11
Table: Country Snapshot: Economic And Demographic Data (Ukraine 2020-2025)
11
Table: Country Snapshot: Power Sector
11
Ukraine Power Forecast Scenario
12
Table: Total Electricity Generation Data And Forecasts (Ukraine 2014-2019)
16
Table: Total Electricity Generation Data And Forecasts (Ukraine 2020-2025)
17
Table: Electricity Generating Capacity Data And Forecasts (Ukraine 2014-2019)
18
Table: Electricity Generating Capacity Data And Forecasts (Ukraine 2020-2025)
19
Electricity Consumption
20
Table: Total Electricity Consumption Data And Forecasts (Ukraine 2014-2019)
20
Table: Total Electricity Consumption Data And Forecasts (Ukraine 2020-2025)
20
Transmission & Distribution, Imports & Exports
22
Table: Electric Power T&D Losses Data And Forecasts (Ukraine 2014-2019)
22
Table: Electric Power T&D Losses Data And Forecasts (Ukraine 2020-2025)
22
Table: Trade Data And Forecasts (Ukraine 2014-2019)
22
Table: Trade Data And Forecasts (Ukraine 2020-2025)
23
Industry Risk/Reward Index
25
CEE Power Risk/Reward Index
25
Ukraine Power Risk/Reward Index
31
Rewards
31
Risks
31
Market Overview
33
Key Policies And Market Structure
33
Ukraine - Ukraine Power Projects Database
35
Table: Largest Projects By Capacity
36
Competitive Landscape
38
Ukrenergo
39
AES
39
Regional Overview
40
Europe - CEE Power: Affordable Coal To Trump Renewables
40
Table: Turkey - Ambitious Renewables Targets
42
Glossary
44
Table: Glossary Of Terms
44
Methodology
45
Methodology And Sources
45
Industry Forecast Methodology
45
Sources
48
Risk/Reward Index Methodology
48
Table: Power Risk/Reward Index Indicators
49
Table: Weighting Of Indicators
50

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