The State of the Power Industry

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The power industry is a provider of essential services, playing a crucial part in economic and social development. Market forces such as disruptive technologies, regulatory norms, changing consumer behavior, competitive forces (new entrants), aging asset performance with an increased need of reliability, decarbonization efforts to tackle climate change, increased renewable power generation, and growth of distributed energy resources (DER) are affecting the global power utility landscape. The power sector is gradually undergoing a transformation driven by these factors. The electricity grid is now getting smarter, power generation is becoming cleaner, and greater consumer choice and control is being observed. The report discusses some present state of the power industry and the drivers for its transformation.

Scope

The report contains a detailed analysis of the major trends witnessed in the power industry and key drivers for its transformation. These include: changing power generation fuel mix, renewable energy growth, coal-based capacity decommissioning being undertaken by various utilities, nuclear power installations expected to witness an increasing trend during the period 2017–2022, enhanced grid resiliency takes form, commitments made at COP21 to enhance smart grid outlook, cyber-security is increasingly becoming important in a connected and digitized grid, deal activities in the power sector on the rise, move toward decarbonization has slowed down the growth in global carbon emissions, though not substantially, distributed energy resources proliferation tweaking the electricity business model, energy storage is developing into a feasible grid-scale resource, and increasing demand for vehicle electrification.

Reasons to buy

To understand the state of the power industry and key drivers for its transformation.

Companies mentioned

Arizona Public Service Company, NV Energy Inc, Tucson Electric Power Company, Ontario Power Generation (OPG), Eskom Holdings SOC Ltd, Delta Electricity, Georgia Power Co, Oglethorpe ...

Arizona Public Service Company, NV Energy Inc, Tucson Electric Power Company, Ontario Power Generation (OPG), Eskom Holdings SOC Ltd, Delta Electricity, Georgia Power Co, Oglethorpe Power Corporation, Municipal Electric Authority of Georgia, Dalton Utilities, Alabama Power Co, PowerSouth Energy Cooperative, Nebraska Public Power District, E.ON SE, Innogy SE, RWE AG, Fortum Oyj, Uniper SE, Engie, Siemens AG, AES Corporation

Table of Contents

1 Table of Contents 1

1.1 List of Figures 1

2 The State of the Power Industry 2

2.1 Key Drivers for Power ...

1 Table of Contents 1

1.1 List of Figures 1

2 The State of the Power Industry 2

2.1 Key Drivers for Power Utility Transformation 2

2.1.1 Changing Power Generation Fuel Mix 2

2.1.2 Renewable energy sector will continue to grow 3

2.1.3 Coal-based capacity decommissioning being undertaken by various utilities 4

2.1.4 Nuclear power installations expected to witness an increasing trend during the period 2017–2022 5

2.1.5 Enhanced grid resiliency takes form 6

2.1.6 Commitments Made at COP21 to Enhance Smart grid Outlook 6

2.1.7 Cyber-security is increasingly becoming important in a connected and digitized grid 7

2.1.8 Deal activities in the power sector on the rise 8

2.1.9 Move toward decarbonization has slowed down the growth in global carbon emissions, though not substantially 9

2.1.10 Distributed Energy Resources Proliferation Tweaking the Electricity Business Model 9

2.1.11 Energy storage is developing into a feasible grid-scale resource 9

2.1.12 Increasing Demand for Vehicle Electrification 11

2.2 Stringent Regulatory Norms 11

2.3 Conclusion 11

3 Appendix 13

3.1 Bibliography 13

3.2 Contact Us 13

3.3 Disclaimer 13

List of figures

Figure 1: Power Market, Global, Installed Capacity (GW), 2010, 2017–2022 2

Figure 2: Power Market, Global, Installed Capacity Share by Power-Generating Source (%), 2010, 2017 ...

Figure 1: Power Market, Global, Installed Capacity (GW), 2010, 2017–2022 2

Figure 2: Power Market, Global, Installed Capacity Share by Power-Generating Source (%), 2010, 2017, 2022 3

Figure 3: Nuclear Power Market, Global, Cumulative Installed Capacity (GW), 2017–2022 6

Figure 4: Power Market, Global, Number of Deals (Mergers and Acquisitions) , 2014–2018 8

Figure 5: Power Market, Global, Number of Deals (Asset transactions) , 2014–2018 8

Figure 6: Battery Energy Storage Systems, Global, BESS System Cost ($/kWh), 2011, 2016, 2021 10

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