Price: £995.00
Prod. Code: NRGESY1
NRG Expert provides a comprehensive overview and analysis of the Energy Security sector. Its looks at the grid, the rationale for storage, current storage, technologies and much more.
Key reasons to purchase this research
- Make informed business decisions through a clear global understanding of this market.
- Design business strategies by understanding the trends, developments and predictions
- Understand the trends, developments and opportunities.
- Prepare market size evaluations and forecasts
- Manipulate the in-depth data to meet your requirements
What’s in this report?
- An overview of Energy Security
- Fuel reserves
- Electricity Prices
- Power Generation Capacity
- Growing shortages
- Measuring Energy Security
- The risks to the energy sector
- Risks for business
- The water sector
Background to this research
Energy Security at Country and Company Level
At the country and company-level there are growing concerns over energy security. While no one definition of energy security exists, it is often referred to as enough energy supplies to meet demand at an acceptable price that is not detrimental to economic growth. Indices for energy security have been developed but there is no one definitive energy security index.
In terms of the fuel it is estimated that actual reserves of oil and gas will last 46 years and 59 years respectively based on the current rate of consumption. However, for the past 30 years the estimated number of years of oil and gas left has either increased or remained constant due to new discoveries.
Oil and Gas Resources
Moreover, some oil and gas resources may become reserves as newer technologies make the extraction of challenging resources more economical. Therefore the actual price of fuel is more of a concern than supplies of fuel, especially oil and gas. Current volatile prices and uncertainty over demand have created uncertainty for projects to explore for new reserves or develop projects. To compound the issue oil and gas companies are also increasingly developing unconventional oil and gas. ‘Unconventionals’ come with challenges, for example they are usually more expensive to attract, have unique environmental challenges and may use new technologies, just to name a few problems.
Energy supplies closer to home
Therefore, companies and countries have started to investigate the use of energy supplies closer to home or from more stable countries. For example, many non-energy companies are hedging their energy supplies and diversifying their energy supplies e.g. airlines are performing test flights with biofuels. Some companies have or are considering onsite electricity and heat generation capacity to meet their electricity demand, or are sourcing electricity generated from renewables to meet CO2 emission reduction targets, especially in anticipation of or to comply with carbon trading schemes, and to improve their corporate image. Energy efficiency measures are being implemented to reduce energy consumption and energy costs as an overall strategy and in anticipation of rising energy prices.
In the energy sector, companies have focussed on diversifying their energy sources and implementing energy efficiency measures, thus reducing their energy consumption and CO2 emissions. Uncertainty in the sector is created by uncertainty over carbon trading schemes, incentives for renewable energy generation projects and environmental legislation, to just name a few examples.
The uncertainties facing companies and countries and issues regarding energy security are covered in our report. Included in this report are case study examples.
Fluctuating fuel and electricity prices
Current fluctuating fuel and electricity prices are making countries and companies consider other options to meet demand. Especially as some oil and gas countries are experiencing civil disturbances, fuel theft and piracy events. For example, piracy takes place off the coast of Nigeria and off Somalia, civil unrest in Libya and oil theft in the delta region of Nigeria.
More pressing than concerns over fuel reserves is supply of electricity. NRG Expert has found that due to a lack of generation capacity in operation, under construction or in the planning stages 2032 is a critical date where world electricity supply will not meet electricity demand. This critical date may be earlier in North America and Europe and perhaps exacerbated following recent announcements by some European countries to abandon nuclear power. Unless new generation capacity is planned and comes online in the interim and/or actual electricity consumption is reduced equal to or more than the shortfall in generation capacity, there will not even be the capacity to meet demand.
Price: £995.00
Prod. Code: NRGESY1
