- Language: English
- Published: January 2013
- Region: Malaysia
Taiwan Power Report 2012
- Published: June 2012
- Region: Taiwan
- 50 pages
- Business Monitor International
The Taiwan Power Report provides industry professionals and strategists, corporate analysts, power associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Taiwan's power industry.
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.
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). SHOW LESS READ MORE >
Executive Summary 5
SWOT Analysis 6
Taiwan Power SWOT 6
Global Industry Overview 7
Regional Industry Overview 14
Industry Forecast Scenario 19
Taiwan Snapshot (Macro) 19
Table: Country Snapshot: Economic and Demographic Data 19
Table: Country Snapshot: Power Sector 19
Taiwan Forecast Scenario 20
Electricity Generation and Power Generating Capacity 20
Table: Taiwan Total Electricity Generation Data And Forecasts, 2008-2016 20
Table: Taiwan Total Electricity Generation Long-Term Forecasts, 2013-2021 21
Table: Taiwan Electricity Generating Capacity Data And Forecasts, 2008-2016 24
Table: Taiwan Electricity Generating Capacity Long-Term Forecasts, 2013-2021 24
Electricity Consumption 28
Table: Taiwan Total Electricity Consumption Data And Forecasts, 2008-2016 28
Table: Taiwan Total Electricity Consumption Long-Term Forecasts, 2013-2021 28
Transmission & Distribution 30
Table: Taiwan Electric Power Transmission And Distribution Losses Data And Forecasts, 2008-2016 30
Table: Taiwan Electric Power Transmission And Distribution Losses Long-Term Forecasts, 2013-2021 30
Key Risks To our Forecast Scenario 31
Key Policies/Market Structure 32
Regulation and Competition 32
Sustainable Energy Policies 32
Key Projects Database 33
Table: Major Projects – Energy And Utilities 33
Power Risk Reward Ratings 35
Asia Regional Power Risk/Reward Ratings 35
Table: Asia Power Risk/Reward Ratings (Scores Out Of 100) 40
Taiwan Power Risk/Reward Ratings 41
Competitive Landscape 42
Glossary of Terms 43
Table: Glossary of Terms 43
Methodology And Sources 44
Industry Forecasts 44
Power Industry – Data Methodology 45
Generation and Consumption Data 45
Electricity Generation Capacity Data 46
Power Risk/Reward Ratings Methodology 46
Table: Power Risk/Reward Indicators 48