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Norway Power Report Q2 2016

Norway Power Report Q2 2016

BMI View: Norway's already mature power sector will experience limited, but stable, growth throughoutour forecast period due to electricity generation far exceeding consumption. Any investment in new capacitywill focus on hydropower plants, which will crowd out thermal power and, to a lesser extent, wind power,due to lower level costs.

Latest Updates And Structural Trends

We forecast total generation will grow from 135.7TWh in 2016 to 145.8TWh in 2025, on the back of newhydropower plants.

We have updated our hydropower forecasts to include the addition of two new hydropower plants comingonline between 2017 and 2019, namely the 80MW Rosten plant and the 370MW Lysebotn II plant(replacing the 210MW Lysebotn I plant).

We have revised our non-hydropower renewables forecasts downwards, as we do not currently projectany new capacity coming online within our forecast period. We forecast total electricity generated fromnon-hydropower renewable sources to grow by an average of 0.5% y-o-y throughout our forecast period,generating 3.2TWh in 2025.

A Norwegian competition regulator has ruled that Statnett should retain its monopoly on theconstruction and operation of international power links. This has reportedly been announced in order toprevent higher electricity prices.

The Norwegian Energy Minister has stated that Statnett will have to assess the added impact of theinterconnection links with Germany and the UK before constructing any new interconnection lines.


BMI Industry View
Table: Headline Power Forecasts (Norway 2015-2021)
SWOT
Industry Forecast
Norway Snapshot
Table: Country Snapshot: Economic and Demographic Data (Norway 2015-2019)
Table: Country Snapshot: Economic and Demographic Data (Norway 2020-2025)
Table: Country Snapshot: Power Sector
Norway Power Forecast Scenario
Hydropower Generation And Capacity Forecast
Thermal Generation And Capacity Forecast
Non-Hydropower Renewables Generation And Capacity Forecast
Table: Total Electricity Generation Data and Forecasts (Norway 2014-2019)
Table: Total Electricity Generation Data and Forecasts (Norway 2020-2025)
Table: Electricity Generating Capacity Data And Forecasts (Norway 2014-2019)
Table: Electricity Generating Capacity Data And Forecasts (Norway 2020-2025)
Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (Norway 2014-2019)
Table: Total Electricity Consumption Data And Forecasts (Norway 2020-2025)
Transmission & Distribution
Table: Electric Power T&D Losses Data And Forecasts (Norway 2014-2019)
Table: Electric Power T&D Losses Data And Forecasts (Norway 2020-2025)
Table: Trade Data And Forecasts (Norway 2014-2019)
Table: Trade Data And Forecasts (Norway 2020-2025)
Industry Risk Reward Index
NAWE Power Risk/Reward Index
Norway Power Risk/Reward Index
Market Overview
Key Policies And Market Structure
Regulation And Competition
Sustainable Energy Policies
Pricing
Norway Power Projects Database
Competitive Landscape
Company Profile
Statkraft
Regional Overview
NAWE Power Regional Overview
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Power Risk/Reward Index Indicators
Table: Weighting Of Indicators

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