Dublin - Analyst Research and Markets has announced the publication of the "France Power Report 2010" report. The study provides with independent forecasts and competitive intelligence on France's power industry. The new France Power Report from the analysts forecasts that the country will account for 7.77 percent of power generation in developed markets by 2014, and to remain a net exporter of electricity to neighbouring states. The analysts developed markets power generation estimate for 2009 is 7,152 terawatt hours (TWh), representing a decrease of 4.8 percent over the previous year. We are forecasting a rise in regional generation to 7,745 TWh between 2010 and 2014, representing an increase of 6.0 percent.
Nuclear energy is the dominant fuel in France, accounting for 38.4 percent of primary energy demand (PED), followed by oil at 36.2 percent, gas at 15.9 percent, coal with a 4.2 percent share of PED and hydro-electric power with 5.4 percent. Developed markets energy demand is forecast to reach 3,998mn tonnes of oil equivalent (toe) by 2014, representing 6.5 percent growth in 2010-2014. Frances 2009 market share of 6.58 percent is set to rise to 6.63 percent by 2014. Frances 411 TWh of nuclear demand in 2009 is forecast to reach 460 TWh by 2014, with its share of the nuclear market in developed markets rising from 24.83 percent to 26.73 percent over the period. The analysts is now forecasting French real GDP growth averaging 1.80 percent per annum between 2010 and 2014, with the 2010 forecast being an increase of 1.60 percent. Population is expected to expand from 64.2mn to 65.4mn over the period, but GDP per capita and electricity consumption per capita are forecast to be up 4 percent and 6 percent respectively by 2014. The country's power consumption is expected to increase from an estimated 431 TWh in 2009 to 469 TWh by the end of the forecast period, providing a theoretical supply surplus of around 130 TWh, assuming 2.1 percent average annual growth (2010-2014) in generation.
Between 2010 and 2019, we are forecasting an increase in French electricity generation of 15.0 percent, which is in the middle of the range for the developed markets. This equates to 8.0 percent in the 2014-2019 period, up from 6.6 percent in 2010-2014. PED growth is set to fall from 3.9 percent in 2010-2014 to 3.8 percent, representing 7.8 percent for the entire forecast period. An increase of 27 percent in hydro-power use during 2010-2019 is one key element of generation growth. Thermal power generation is forecast fall by 8 percent between 2010 and 2019, with nuclear demand rising by 13 percent. More details of the longer-term power forecasts can be found at the end of this report.
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