Report Published: "Hungary Power Report Q3 2016"

New Energy research report from Business Monitor International is now available from Fast Market Research

[ClickPress, Tue Jun 14 2016] Hungary has a modern and well developed power infrastructure network, with an extensive national grid and sufficient domestic capacity to meet current demand. We are currently forecasting limited growth in the power sector over the medium term, as artificially low prices and limited consumption growth continue to deter investors. The power sector will therefore continue to be dominated by nuclear power and natural-gas fired power, with limited non-hydropower renewables capacity.

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While economic growth in Hungary is expected to gather pace over the medium term, the country is experiencing a short-term fall in industrial output, particularly in the leading autos sector, which will dampen consumption growth.

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Electricity prices are already artificially low in Hungary and the fall in gas prices will further dampen private investor interest in new gas-fired power plants: heading into the European summer, BMI believes prices could fall further (possibly as low as GBp20/therm) amid global gas oversupply and an influx of LNG cargoes, which are set to depress European hub prices.

Works the Paks nuclear power plant remains the main source of capacity growth. A number of suppliers are reportedly positioning themselves to bid for contracts with Rolls- Royce amongst the firms exhibiting at a May 2016 event at the Budapest University of Technology and Economics.

There has been limited movement in the power project pipeline and as a result we are maintaining our forecasts for limited annual growth in generation - lingering under 1% for most of the forecast period through to 2020.

The Hungary 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 Hungary 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 Hungary to test other views - a key input for successful budgeting and strategic planning in the power market.
Target business opportunities and risks Hungary's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Hungary.
Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.


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