New York State Power Market Outlook to 2030 - Market Trends, Regulation and Competitive Landscape
GlobalData's report, ""New York State Power Market Outlook to 2030 - Market Trends, Regulation and Competitive Landscape"", gives detailed information on the New York power market and provides historical and forecast numbers for generation, capacity and consumption up to 2030. The research analyzes upcoming power projects, regulatory frameworks and infrastructure for the market. This coupled with elaborate profiles of key market participants provides a comprehensive understanding of the market’s competitive scenario.
New York is the third largest state in the United States in terms of GDP and provides a significant contribution to the GDP of the whole country. New York is one of the top electricity producing states in the US and has minor fossil fuel resources, such as coal, oil and gas. However, thermal power generation accounts for almost 45% of the state’s electricity generation and accounted for 70.8% of the cumulative installed capacity in 2010. This is due to the fact that New York is increasingly using clean sources of energy for electricity generation. New York’s electricity markets rely on nuclear power, which provided a contribution of 32.9% of the state’s total generation in 2010.Due to the need to reduce greenhouse gas emissions and to have a diversified energy mix to ensure security of supply, the state government has actively been promoting renewable energy projects. The state has vast potential to develop renewable energy sources in the form of wind, wood, municipal solid waste and landfill gas. The 45 by 15 clean energy policy requires the state to meet 30% of its electricity supply needs through renewable energy resources. Apart from its diverse energy mix, the state is also focusing on upgrading and building new transmission infrastructure to provide an efficient and safe supply of electricity. Therefore, with the increase in power supply and a vigorous network infrastructure, the New York power industry is in a good position to achieve growth during the forecast period of 2011-2030.
Statistics for installed capacity, power generation and consumption from 2000 to 2010, forecast forward 20 years to 2030
Break-up by technologies, including thermal, nuclear, renewable and hydro
Data on key current and upcoming projects
Policy and regulatory framework governing the market, including a review of energy and renewable energy policies
Detailed analysis of top market participant, including market share analysis and SWOT analysis for Independent Power Producers of New York, Inc, New York Power Authority and National Grid Plc
Data sourced from proprietary databases and primary interviews with key participants across the value chain
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