New market study, "Czech Republic Power Report Q2 2016", has been published

Decreased electricity generation is forecast for Czech Republic due to the planned decommissioning of nuclear reactors from 2020 onwards. Lack of new investments and decreased financial viability for renewable energy will mean that electricity consumption will outstrip generation by 2022, jeopardising the country's status as net electricity exporter.

Latest Updates and Structural Trends

We currently forecast total electricity generation to decrease from 84.7TWh in 2016 to 64.3TWh in 2025.

CEZ Group has stated at the Paris Climate Conference that it wishes to reduce its total carbon emissions per MWh by 42% before 2020. We are not currently factoring this into our forecasts due to no announcements on how this will be achieved or news of any thermal power plants due to close.

Full Report Details at
- http://www.fastmr.com/prod/1123423_czech_republic_power_report.aspx?afid=301

CEZ Holdings has confirmed that it will hold a tender for nuclear fuel supply for its Temelin nuclear power plant. The current fuel contract is held by Russian supplier, TVEL. US-based supplier, Westinghouse, has stated that it would like to supply nuclear fuel to the power plant after having supplied it at a previous stage.

Three nuclear reactors are forecast to be coming offline within our forecast period. Temelin 1 and 2 are currently scheduled for decommissioning by 2020 and 2022 respectively, with Dukovany 1 scheduled for 2025.

The Czech Energy Regulatory Office (ERU) has stated that it will not be making Feed-in-Tariff (FiT) payments to renewable energy power plants unless payments have been approved by the European Commission (EC). This will affect the future of about 2GW of Czech PV power plants. Many owners of renewable energy sources are now facing bankruptcy.

The ERU has stated that it will undertake a year-long public consultation process during which it will aim to get feedback from households for a proposed electricity tariff increase, specifically aimed at households and smaller consumers. The original proposal for Czechs owning country homes was a 90% increase, although this has since been scaled down to a 45% increase.

The Czech Republic 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 Czech Republic 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 Czech Republic to test other views - a key input for successful budgeting and strategic planning in the power market.

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