The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Growth in natural gas-fired capacity and renewables will be the pillars of the US power market
as a result of the availability of cheap natural gas and the extension of tax credits for wind and solar power
plants. Meanwhile, investment in power infrastructure will be necessary for the system to keep up with
growth in intermittent renewables and distributed energy solutions. In the absence of support from public
funding, nuclear power will struggle amid low wholesale power prices and growing competition with other
technologies, leading to early reactor retirements.
Latest Updates And Structural Trends
? We have revised down our forecast for nuclear power capacity and generation through to 2025 as low
wholesale power prices, environmental regulations and lack of policy support for nuclear have prompted
utilities to plan the retirement of unprofitable plants ahead of schedule or when licences expire. Our view
that policy support would be the only upside to the nuclear power sector is also in play, as in August the
New York State Public Service Commission approved subsidies that will allow the state's struggling
nuclear plants to continue to operate.
? As we expect Hillary Clinton to be the next president of the US, we believe the country's energy policy
over the next four years will align with the direction set by the Environmental Protection Agency's Clean
Power Plan (CPP), regardless of whether the plan is eventually implemented. We believe a Clinton
presidency will not deviate from the Obama administration policy agenda on the environment and power
sector, underpinning our upbeat long-term forecast for the US renewables sector.
? The US power transmission and distribution sector will offer sizeable business opportunities to
companies across the spectrum of EPC providers, electric utilities and new market entrants targeting the
smart grid. Significant investment in power infrastructure will be necessary over the coming decade for
the US electric system to keep up with growth in intermittent renewable energy, DES and cybersecurity
threats. The Senate's Energy Policy Modernization Act (EPMA) takes important steps to facilitate public
and private investment in those critical areas. In July, the Senate voted with a large majority to move
forward with the EPMA and to enter formal negotiations for reconciling the EPMA with a more divisive
energy bill approved by the House of Representatives in 2015.