Spain Power Report Q3 2014 - New Market Study Published

From: Fast Market Research, Inc.
Published: Tue Aug 12 2014

Spain's electricity market is struggling in the face of an unclear regulatory environment and a sluggish economy. Keen to cut costs, the government wants to reduce renewable energy subsidies, but it risks the wrath of providers who invested in the market expecting high returns. In February UAE renewable energy developer Masdar , owning a 40% stake in Torresol Energy , was the first operator to file an official legal case against Spain. More recently, US company NextEra filed a complained making it the fourth official complaint of this kind. In June 2014 the Government approved a retroactive policy to replace feed-in tariff. The new formulas and tables to be used in the renewable industry poses significant threats to the indust r y's growth. This is reflected in our new estimates with a 11% reduction in the long term growth of the solar and wind power generation industries. At the other end of the scale, major utilities have long been demanding increases in electricity prices to plug the gap between the cost of generation and the prices paid by end-users, but proposals for an 11% increase in January 2014 were rejected by the country's newly created regulator, capping prices increases at 2.3%. In the face of this confusion, some players may simply choose to invest elsewhere. E.ON is one example. The German utility is keen to sell its assets in Spain and has recently hired Citi for advic e on the sale of its assets in Spain.

Full Report Details at

Spain has a varied energy mix, tapping into thermal, nuclear, hydroelectric and renewable sources of power, thereby reducing the country's dependence on one source of electricity. Gas continues to account for the majority of energy provision, with imports from Algeria accounting for more than 25% of Spain's gas requirements. Over the 2013-2023 period, Spain's overall power generation is expected to increase to 319.4 terawatt hours (TWh). This is a 1.4% drop compared to our previous forecast mostly due...

The Spain 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.

The Spain 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 Spain to test other views - a key input for successful budgeting and strategic planning in the power market.
* Target business opportunities and risks Spain's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Spain

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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