Please Wait.....
Report
Brunei Power Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 95 Pages I Mordor Intelligence
The power market in Brunei is expected to register a CAGR of more than 1.5% during the forecast period of 2022-2027. The Bruneian power market was relatively unharmed by the COVID-19 pandemic, as the market has been growing at a slow pace since 2017. Factors such as growing population, urbanization, and power consumption are expected to drive the demand in the Bruneian power market. However, the relatively nascent stage of the renewable energy industry and a lack of government incentives for renewable project developers are expected to restrain the market's growth during the forecast period.
Key Highlights
Nearly 18% of Brunei's primary energy consumption comes from oil-fired thermal energy, while almost all of the remaining comes from natural gas-fired power plants.
In 2021, as part of the first Brunei Darussalam National Climate Change Policy (BNCCP) document, Brunei's Energy Ministry announced that the country aims to generate 30% of its primary energy power from renewable energy sources by 2035, which is expected to create vast opportunities for the market players in the future.
Brunei has significant solar potential, and the Bruneian government is trying to utilize the solar potential of the country. The government has committed to a target of installing 100 MWp of solar capacity by 2025, which is expected to drive the demand for players in the solar energy segment of the Bruneian power market during the forecast period.
Brunei Power Market Trends
Thermal Power Source is Expected to Dominate the Market
Power generation uses a variety of sources, ranging from fossil fuels like natural gas and oil to renewable sources like wind and solar. The energy mix for electricity generation in Brunei is dominated by fossil fuels, which accounted for nearly 99.9% of the power generation in 2020.
Brunei has witnessed a moderate change in the electricity generation capacity since 2017, with the installed capacity growing by 7% till 2020. With a capacity of 0.92 GW in 2020, the electricity generation capacity is stagnant in the nation, which is entirely supplied by fossil fuel-based plants.
In a country like Brunei, a population of only 0.4 million and a natural gas production of about 12.6 billion cubic meters (as of 2020) make it not only self-sufficient to meet its power demand using natural gas but also an exporter in the market.
As oil-fired power generation creates a lot of greenhouse gas emissions and has a lower energy conversion efficiency, the Bruneian government has adopted a program to convert these dual-fired plants into gas-fired plants.
Berakas Power Management Company is the primary operating company controlling more than 40% of the national electricity supply with four different power plants.
The Department of Electricity Services (DES) is the government utility in charge of the generation, transmission, and distribution of electricity in the country. The DES also sets the standards for the usage of power in public buildings and oversees their overall electro-mechanical maintenance.
With vast natural gas reserves and a lack of government incentives in the renewable energy sector, thermal energy is expected to dominate the power market during the forecast period.
Government Initiatives and High Solar Potential are Driving the Market Demand
To achieve its goal of generating 30% of its primary energy consumption from renewables by 2035, the Bruneian government plans to encourage private sector participation through public-private partnerships by financing and undertaking the development of new renewable energy projects in the country. However, the lack of government interest and incentives has stunted the growth of the renewable sector in the country.
Brunei has significant solar potential due to its geographical location, and more than 90% of the land area has a solar photovoltaic potential of 1400-1600 kWh/kWp/year. To maximize the utilization of this potential, the government has pledged to install 100 MWp of solar capacity by 2025.
In April 2021, Brunei Shell Petroleum (BSP) launched a 3.3 MW solar plant in Panagia to power its Seria headquarters. Consisting of 7,000 solar panels over 4 hectares of land, the grid-connected solar power park is the second solar park in Brunei after the Tenaga Suria Brunei solar plant, which began operations in 2010.
Although natural gas is the primary source of electricity in Brunei, in the upcoming period, renewables are expected to expand their share and drive the power market of Brunei during the forecast period.
Brunei Power Market Competitor Analysis
The Bruneian power market is consolidated. The major companies include the Department of Electrical Services, Berakas Power Company Sdn Bhd, Brunei LNG Sdn Bhd, General Electric Company, and Toshiba Corp.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Installed Power Generating Capacity and Forecast, in MW, till 2027
4.3 Utility Power Generation Capacity, in TWh, by Source, Brunei, 2010-2020
4.4 Utility Power Generation Capacity, in TWh, by Sector, Brunei, 2010-2020
4.5 Electricity Generation and Consumption Forecast, in TWh, Brunei, till 2027
4.6 Recent Trends and Developments
4.7 Government Policies and Regulations
4.8 Market Dynamics
4.8.1 Drivers
4.8.2 Restraints
4.9 Supply Chain Analysis
4.10 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Power Generation from Sources
5.1.1 Thermal
5.1.2 Renewables
5.1.3 Other Power Generation Sources
5.2 Transmission and Distribution (T&D)
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Department of Electrical Services
6.3.2 General Electric Company
6.3.3 Berakas Power Company Sdn Bhd
6.3.4 Brunei LNG Sdn Bhd
6.3.5 Toshiba Corp.
6.3.6 Marubeni Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security