Fast Market Research announces the availability of a new Business Monitor International report, "Taiwan Power Report 2015" on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/14/2015 -- Heavily dependent on imports, Taiwan's power market is dominated by thermal sources, with coal, gas, and to a lesser extent, oil-fired power stations generating the majority of energy used. While Taiwan's fourth nuclear plant is almost operationally ready, growing public distrust threatens to stall the start up of this facility , even as the first two nuclear plants age and need to undergo maintenance. Moreover, political and economic pressures have restricted Taipower , the state utility from raising tariffs, leaving the company stuck in the red. Despite the Taiwan government's ambitious renewable energy goals to 2025, slow progress suggests renewables are unlikely to reach the target of a 16% share of energy produced.
As Taiwan continues to experience relatively robust real GDP growth, we believe the trend of recovery in energy consumption will continue and we expect growth to average 4.0% during 2015-2024. Thermal generation, comprising coal, gas, and oil, is expected to continue to drive this growth, and we forecast it will increase by an average of 4.2% per annum during the period to 2024.
Get More Details on this Report and a Full Table of Contents at Taiwan Power Report 2015
There are several power stations scheduled to start operating 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. However, growing public distrust of nuclear power threatens to throw the government's plans into disarray. State-owned electric power utility Taipower dominates the generation and distribution markets, with independent power producers (IPPs) accounting for less 25% of the electricity market. Plans to privatise Taipower and open up the market to greater competition have yet to be realised.
The Taiwan Power Report features Business Monitor International (BMI)'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.
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