2013-09-22 08:53:31 - New Energy research report from Business Monitor International is now available from Fast Market Research
We have slightly revised up our forecast for electricity generation in Thailand for 2013 to account for the introduction of a new feed-in tariff programme for solar energy. We have also marginally revised up our long-term growth forecasts for electricity generation as a result of this programme. We continue to see scope for an increase in electricity imports, and remain bullish towards renewables due to a larger renewable energy project pipeline and a continued government support.
We have revised up our 2013 forecasts for electricity generation growth in Thailand from 2.40% to 2.43%, to account for the introduction of a new feed-in tariff (FiT) programme for rooftop and village-based solar energy. We have also slightly revised up our long-term forecast for
electricity generation growth in Thailand as a result of the new solar FiT programme. We now expect generation to grow an average of 4.33% per annum between 2013 and 2022, compared with our previous forecast of 4.30%. We note that over the coming decade, Thailand is set to increase its electricity imports from Laos. Key trends and regulatory changes in the industry:
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* The Thai government updated its green energy agenda in March 2012 with the ambitious 'Alternative Energy Development Plan' (2012-2021). The plan states that 25% of total energy consumption would derive from alternative energy sources, and set targets of 2GW of solar capacity, 1.2GW of wind capacity and 3.63GW of biomass, all by 2021.
* On July 16, the Thai government introduced a FiT programme for up to 1,000MW of rooftop and villagebased solar projects. These projects would qualify for 25-year power purchase agreements with tariffs as high as THB9.75/kWh.
* Construction on the controversial Xayaburi dam has restarted, despite opposition from Vietnam and Cambodia. The Thai government also affirmed a power purchase agreement for 95% of the dam's electricity output in January 2012, going against the regional decision-making process.
* The Thai government is set to open bids for six gas-based independent power projects (IPPs) with a capacity of 5,400MW. This was announced after Thailand's National Energy Policy Council approved the third revision of the country's 2010-2030 power development plant. All IPPs use natural gas.
Report Table of Contents:
BMI Industry View
- Thailand Snapshot
- Table: Country Snapshot: Economic And Demographic Data
- Table: Country Snapshot: Power Sector
- Thailand Power Forecast Scenario
- Electricity Generation And Power Generating Capacity
- Table: Thailand Total Electricity Generation Data And Forecasts, 2011-2016
- Table: Thailand Total Electricity Generation Long-Term Forecasts, 2017-2022
- Table: Thailand Electricity Generating Capacity Data And Forecasts, 2011-2016
- Table: Thailand Electricity Generating Capacity Long-Term Forecasts, 2017-2022
- Electricity Consumption
- Table: Thailand Total Electricity Consumption Data And Forecasts, 2011-2016
- Table: Thailand Total Electricity Consumption Long-Term Forecasts, 2017-2022
- Transmission & Distribution, Imports & Exports
- Table: Thailand Electric Power Transmission And Distribution Losses Data And Forecasts, 2011-2016
- Table: Thailand Electric Power Transmission And Distribution Losses Long-Term Forecasts, 2017-2022
- Table: Thailand Trade Data And Forecasts, 2011-2016
- Table: Thailand Trade Long-Term Forecasts, 2017-2022
Industry Risk Reward Ratings
- Asia Power Risk/Reward Ratings
- Table: Asia Power Risk/Rewards Ratings
- Thailand Power Risk/Reward Rating
- Key Policies And Market Structure
- Regulation And Competition
- Sustainable Energy Policies
- Thailand Power Projects Database
- Table: Thailand Major Projects - Power
- Electricity Generating Authority Of Thailand (EGAT)
- Glow Energy
- Ratchaburi Electricity Generating Holding Public Company Limited (RATCH)
- Independent Power (Thailand)
- Asia Regional Overview
- Table: Regional Real GDP Growth, % Chg Y-O-Y
- Table: Glossary Of Terms
- Methodology And Sources
- Industry Forecasts
- Power Industry - Data Methodology
- Generation and Consumption Data
- Electricity Generating Capacity Data
- Power Risk/Reward Ratings Methodology
- Table: Power Risk/Reward Indicators
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