Market Research Reports - Ken Research Czech Republic Renewable Energy Production

Czech Republic Renewable Energy Handbook Analysis: Ken Research
The European energy sector has witnessed energy supply crises, emission cutting, changing
energy markets, volatile prices, many more. The introduction of energy regulations to curb
pollution on a global scale has increased drastically. Czech Republic lies at the heart of the
European continent and it has contemporary trends in the energy sector. A mix of various
energy sources such as nuclear, electricity and gas are witnessed in the country. Czech energy
sector spent first more than a decade in reforming itself due to various political and economic
reasons. Czech Republic’s renewable energy resources handbook has constituted policies with
main priorities such as security, competitiveness, independence and sustainability. The
handbook states that there is a need to build firm home basis of energy sources and securing
the country against supply curtailments. The renewable energy sector policies remind the
country to remain as self-sufficient as possible, stockpiling energy sources, rely on domestically
produced energy and prolonging power supplies by increased efficiency of use. The report titled
“Czech Republic Renewable Energy Policy Handbook 2018”, provides a comprehensive analysis
of Czech Republic’s energy, energy efficiency measures in Czech Republic, trends in Czech
Republic renewable energy policy, unorganized renewable energy sector in Czech, and
technological advancements in Czech energy sector.
Energy Efficiency Measures: Many energy efficiency measures were taken to curb pollution and
GHG’s emissions. Few measures such as green investment scheme “Green savings” were very
effective within the country. This trend has initiated the population to stock less energy
intensive. These houses contribute to lower emissions, potentially bringing more money into
the renewable energy green savings scheme. Czech Republic has provided a generous support
to solar businesses through feed-in tariffs known as “solar boom” that raised the number of
photovoltaic installations in a short time span. However, with more number of population
opting for solar energy, the scheme was closed and currently, only small installations on
buildings are supported. These scenarios demonstrate that the Czech energy sector is
unorganized and lacks conceptual planning which witnesses an unclear vision in the
development of the renewable energy sector over the next few years.
The intensity of development of business strategies in Czech’s renewable energy sector is one
of the factors affecting the competitiveness in renewable energy sector and the country’s
economy as a whole. With the increase in the standard of living, the consumption of energy has
increased that resulted in improvement in housing conditions within the country. The energy
efficiency improvements were very swift and a substantial progress was achieved. The
industries account for a largest share of the economy’s energy intensity followed by transport
and housing sectors. The energy consumption of the industries is consistently decreasing
compare to the consumption in the housing and services sectors which is relatively stable.