2013-02-28 15:04:27 -
Fast Market Research recommends "Canada Power Report Q1 2013" from Business Monitor International, now available
BMI View: On the back of a revision to our historical data set, and accounting for the fact that external headwinds and a slowdown in domestic consumption continue to weight on Canada's economic performance, we have slightly downgraded our 2012 consumption growth estimate for the Canadian power market, from 0.91% to 0.82%. Owing to a combination of economic, demographic and industry-specific dynamic, we also anticipate that the country's mature electricity market will see a positive but moderate rise in generation and consumption in the medium to long term. The replacement of old and polluting capacity will be amongst the key drivers of this growth
Canada enjoys the advantage of a diverse and balanced electricity mix, thanks to its abundant indigenous resources.
Yet, and despite Canada's decision to withdraw from the Kyoto Protocol, environmental concerns are likely to weigh heavily upon the country's energy agenda. Hence, in a picture similar to the one of its Southern neighbour, we anticipate that planned shifts in the share of various fuels will be among the key drivers of new investment in the power sector:
Full Report Details at
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www.fastmr.com/prod/536411_canada_power_report_q1_2013.aspx
* We have long held the view that, although Canada's heavy reliance on coal for electricity generation and its recent withdrawal from of the Kyoto agreement would imply the expansion of greener technologies is not at the forefront of government policy, stringent government carbon emission regulations suggest that electricity generation from coal will decrease over our 10-year forecast period, especially after the abandonment of a flagship Carbon Capture and Storage (CSS) project at a coal-fired plant near Edmonton, Alberta, in April 2012.
* News that Canada introduced new tough regulations to reduce greenhouse gas (GHG) emissions from the coal-fired electricity sector in September 2012 are testament to this view. As a result of these regulations, Canada became indeed the first country in the world to ban new coal plants that use traditional technology. In addition, data from the Energy Information Administration highlights that Canada is a declining market for US coal exports.
* As a result, the country is likely that investment in low-carbon emission capacity, primarily gas and hydro and non-hydro renewable technologies. That said, the absence of national targets for renewable energy and a very diverse energy mix across provinces make it difficult to gauge Canada's green energy agenda.
* The country had expressed a desire to strengthen its nuclear capacity. However, despite developments within Canada's nuclear industry, we anticipate a decrease in both nuclear generation and capacity as the industry in hindered by delays and decommissioning schedules.
Report Table of Contents:
BMI Industry View
SWOT
- Power
Industry Forecast
- Canada Snapshot
- Table: Country Snapshot: Economic and Demographic Data
- Table: Country Snapshot: Power Sector
- Canada Forecast Scenario
- Electricity Generation and Power Generating Capacity
- Table: Canada Total Electricity Generation Data And Forecasts, 2011-2016
- Table: Canada Total Electricity Generation Long-Term Forecasts, 2016-2021
- Table: Canada Electricity Generating Capacity Data And Forecasts, 2011-2016
- Table: Canada Electricity Generating Capacity Long-Term Forecasts
- Table: Canada's Operating Nuclear Power Reactors
- Table: Planned and Proposed Canadian Nuclear Power Reactors
- Electricity Consumption
- Table: Canada Total Electricity Consumption Data And Forecasts, 2011-2016
- Table: Canada Total Electricity Consumption Long-Term Forecasts, 2016-2021
- Transmission & Distribution, Imports & Exports
- Table: Canada Electric Power Transmission And Distribution Losses Data And Forecasts, 2011-2016
- Table: Canada Electric Power Transmission And Distribution Losses Long-Term Forecasts
- Table: Canada Trade Data And Forecasts, 2011-2016
- Table: Canada Trade Long-Term Forecasts, 2016-2021
Industry Risk Reward Ratings
- Developed States Power Risk/Reward Ratings
- Table: Developed States Power Risk/Reward Ratings
- Canada Power Risk/Reward Ratings
- Risks
- Risks
Market Overview
- Key Policies And Market Structure
- Regulation and Competition
- Table: Canadian Power Industry - Structural Models
- Table: Canadian Power Industry - Regulation
- Sustainable Energy Policies
- Pricing
- Canada Power Projects Database
- Table: Canada Power Projects Database
Competitive Landscape
- BC Hydro
- EPCOR
- Hydro One
- Maritime Electric
- Ontario Power
- Newfoundland Power
- Nova Scotia Power
- SaskPower
- Enmax
- Energie NB Power
- ATCO
Regional Overview
- Developed States Industry Overview
- Table: Real GDP Growth (%)
Glossary
- Glossary of Terms
- Table: Glossary of Terms
Methodology
- Industry Forecasts
- Power Industry - Data Methodology
- Generation and Consumption Data
- Electricity Generating Capacity Data
- Power Risk/Reward Ratings Methodology
- Table: Power Risk/Reward Indicators
- Sources
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