Texas State - US Power Market Outlook to 2030 by rgunnam

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									Texas State - US Power Market Outlook to 2030

The report gives detailed information on the Texas power market and provides historical
and forecast numbers for generation, capacity and consumption up to 2020. 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.

For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Texas-State-US-Power-
Market-Outlook-to-
2030&ReportType=Industry_Report&coreindustry=ALL&Title=Power_~_Utilities

Thermal Power is the Dominant Source in the Power Mix
The power market of Texas is dominated by thermal power, which accounted for 86.5%
or 103,549 MW of the cumulative installed capacity in 2009. Its thermal capacity is
dominated by gas-fired power plants. The Government of Texas is planning to build
additional thermal power plants during the forecast period 2010-2030. Texas’s thermal
installed capacity is expected to increase at a Compound Annual Growth Rate (CAGR) of
0.6% and is expected to reach 119,730 MW by 2030.

Continued Growth in Power Generation
Due to its large population and an energy-intensive economy, the consumption of
electricity in Texas is expected to increase over the forecast period. Historically, Texas’s
electricity consumption increased at a CAGR of 1% during 2000-2008. Hence, the total
generation also increased during the same period. The electricity consumption
witnessed a sharp decline in 2009 due to a slowdown in industrial activities following
the economic recession. The decrease in electricity consumption had an overall negative
effect on the total electricity generation in 2009. Nonetheless, with the global economy
coming out of recession, new investments are expected to spur the demand for
electricity over the forecast period. Hence, an increase in electricity generation is
expected over the forecast period, 2010-2030. During the forecast period 2010-2030,
Texas’s electricity generation is further expected to increase at a CAGR of 1.5% to reach
541,812.3 GWh by 2030.

For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Texas-State-US-Power-
Market-Outlook-to-
2030&ReportType=Industry_Report&coreindustry=ALL&Title=Power_~_Utilities

Clean Energy, the Way Forward
Texas has traditionally used thermal fuel sources to generate its electricity. This has not
only increased the use of its thermal fuel reserves but has also increased greenhouse
gas emissions in the state. Texas is actively augmenting its capacity through clean
energy sources such as wind, solar and biomass. To achieve its goal of having a higher
proportion of its energy generated by renewable sources, the government has
formulated numerous pieces of legislation and is actively promoting renewable energy
development. The state of Texas exceeded its 2025 renewable energy target early last
year as a result of strong government support and a record increase in voluntary
participation in the state’s renewable energy certificate program in 2009. The
government is further providing various incentives and benefits to the developers of
renewable power plants in order to promote clean sources of energy for future
electricity generation.

For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Texas-State-US-Power-
Market-Outlook-to-
2030&ReportType=Industry_Report&coreindustry=ALL&Title=Power_~_Utilities

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Contact Information:
Rajesh Gunnam
rgunnam@globaldata.com
+914066166782

								
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