Review of Electricity Supply and Demand in Southeast Europe
This paper reviews the power sector demand-supply balance in Southeastern Europe (SEE), covering Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Former Yugoslav Republic of Macedonia, Romania, and Serbia and Montenegro (including Kosovo). The p...
| Main Authors: | , |
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/10/2874717/review-electricity-supply-demand-southeast-europe http://hdl.handle.net/10986/15063 |
| Summary: | This paper reviews the power sector
demand-supply balance in Southeastern Europe (SEE), covering
Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Former
Yugoslav Republic of Macedonia, Romania, and Serbia and
Montenegro (including Kosovo). The paper first looks at the
actual balance over the period 1991-2001. After that, the
forecast balance to 2012 is reviewed. The analysis is based
on aggregated country level demand and capacity data
provided by the electric utilities and supplemented drawing
on published sources. The context for the paper is the
agreement between the countries above, together with Greece
and Turkey, to form a South Eastern Europe Regional
Electricity Market (SEEREM).1 The objective is to identify
the magnitude of generation investments to be made in the
evolving market. The paper also proposes mechanisms to
reduce investment requirements, namely energy efficiency
improvements and increased trade, and provides a brief
assessment of technical and institutional barriers to trade.
The preliminary conclusion of the paper is that additional
generating capacity of around 4,500 MW will be required over
the next ten years, together with substantial rehabilitation
of existing plant. The associated financing requirement
would be well in excess of $5 billion. However, these
figures reflect a significant degree of national energy self
sufficiency. It is likely that less investment would be
required if countries were to coordinate investments, with
economies resulting due to heterogeneous resources, non
coincidental peak requirements, and sharing of reserves. A
regional least cost expansion plan is currently being
developed as a follow up to the present study; this new
study is to be financed by the EC and co-managed by the
World Bank. The institutional framework to support increased
trade is being developed as part of the SEEREM. |
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