2013-03-22 17:14:26 - Fast Market Research recommends "Taiwan Power Report 2012" from Business Monitor International, now available
BMI View: Heavily dependent upon imports, Taiwan's power market is dominated by thermal sources, with coal, gas, and to a lesser extent, oil-fired power stations accounting for the majority of energy generation. Taiwan's nuclear power sector was scrutinised closely following the Fukushima nuclear accident in Japan, but in March 2012 there were signs of renewed confidence, with Taipower announcing that the country's fourth nuclear power station is scheduled to start-up in 2014. Taiwan's government has ambitious renewable energy goals through to 2025, but progress has been slow and BMI questions whether the 16% generation target is feasible.
Full Report Details at
In our 2012 Taiwan Power Report, BMI forecasts that the country's power consumption will rise from 218.68 terawatt
hours (TWh) in 2011 to 353.04TWh by the end of the forecast period, representing average annual growth of 4.91% in 2011-2021. Thermal generation, comprising coal, gas and oil, will drive this growth, and we forecast that it will increase by an average 5.51% per annum during the period to 2021.
There are several new power stations scheduled to enter operation over our forecast period, including new and refitted coal-fired units, Taiwan's fourth nuclear power plant and several wind farms - including plans for offshore wind turbines. State-owned electric power utility Taipower dominates both the generation and distribution markets, with independent power producers (IPPs) accounting for less than a quarter of the electricity market. Plans to privatise Taipower and open up the market to greater competition have yet to be realised.
Taiwan is ranked fifth in BMI's updated Asia Power Risk/Reward Ratings (RRRs). It performs much better in industry terms than country terms, although the competitive landscape remains weak - with Taipower dominating generation, transmission and distribution.
Key developments in Taiwan's power sector this year include:
* Taipower selected a Japanese-led consortium to refit the Linkou 2,400 megawatt (MW) coalbased power facility in a deal worth more than JPY200bn (US$2.6bn) in H211.
* In March 2012, Taipower announced that Taiwan's fourth nuclear power station was on target to begin operations in 2014.
* Taiwan has ambitious plans for 16% of total power generation capacity to come from renewable energy sources by 2025; recent progress towards achieving this goal includes two new windfarms in Xinchu (opened March 2012) and Miaoli (opened September 2011).
Report Table of Contents:
- Taiwan Power SWOT
Global Industry Overview
Regional Industry Overview
Industry Forecast Scenario
- Taiwan Snapshot (Macro)
- Table: Country Snapshot: Economic and Demographic Data
- Table: Country Snapshot: Power Sector
- Taiwan Forecast Scenario
- Electricity Generation and Power Generating Capacity
- Table: Taiwan Total Electricity Generation Data And Forecasts, 2008-2016
- Table: Taiwan Total Electricity Generation Long-Term Forecasts, 2013-2021
- Table: Taiwan Electricity Generating Capacity Data And Forecasts, 2008-2016
- Table: Taiwan Electricity Generating Capacity Long-Term Forecasts, 2013-2021
- Electricity Consumption
- Table: Taiwan Total Electricity Consumption Data And Forecasts, 2008-2016
- Table: Taiwan Total Electricity Consumption Long-Term Forecasts, 2013-2021
- Transmission & Distribution
- Table: Taiwan Electric Power Transmission And Distribution Losses Data And Forecasts, 2008-2016
- Table: Taiwan Electric Power Transmission And Distribution Losses Long-Term Forecasts, 2013-2021
- Key Risks To BMI's Forecast Scenario
Key Policies/Market Structure
- Regulation and Competition
- Sustainable Energy Policies
- Key Projects Database
- Table: Major Projects - Energy And Utilities
Power Risk Reward Ratings
- Asia Regional Power Risk/Reward Ratings
- Table: Asia Power Risk/Reward Ratings (Scores Out Of 100)
- Taiwan Power Risk/Reward Ratings
Glossary of Terms
- Table: Glossary of Terms
Methodology And Sources
- Industry Forecasts
- Power Industry - Data Methodology
- Generation and Consumption Data
- Electricity Generation Capacity Data
- Power Risk/Reward Ratings Methodology
- Table: Power Risk/Reward Indicators
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