Energy Market Landscape: Greece

Introduction

Evolving competitive dynamics are rapidly and significantly changing the face of the gas and power markets in and around Europe. As such, a timely and broadly based understanding of the market landscape is vital for players throughout the energy value chain. Central to this is an understanding of the exact stage of competitive development reached in each market, and how it is likely to change.

Scope

*Up-to-date insight on market structures, regulatory developments, supply and demand balances, asset developments and player strategies.

*Insight into current levels of gas and power competitive intensity benchmarked against 33 relevant markets (EU 27 and 6 related countries).

*Forecasts of how the nine metrics making up the competitive intensity scores will change by 2012.

Highlights

The MCI scores draw on nine underlying metrics grouped into three categories: Market Framework (Regulatory Effectiveness; Pricing Regime; Ease of Third Party Access), Supplier Push (Wholesale Fragmentation, Retail Fragmentation, Traded Market Maturity), and Customer Pull (Access to Market Information, Consumer Representation, Propensity to Switch)

Each of the Energy Market Landscape series provides a profile of both the relevant gas and power market. Issues examined include regulatory structures, player strategies and supply/demand dynamics. There is also a list of operational, planned and under construction infrastructure including power stations, pipelines, LNG terminals and storage sites

Reasons to Purchase

*Obtain up-to-date, relevant and standardized information on European and related energy markets from a single source.

*Have a logical framework to monitor market developments and emerging trends, identify opportunities and plan strategies accordingly.

*Assess current and future gas and power market competitive environments by gaining insight into factors driving market competitiveness.


Report Highlights

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DATAMONITOR VIEW 1
CATALYST 1
SUMMARY 1
ANALYSIS 2
Gas Market Overview 2
Industry Landscape 2
Retail Market Players 2
Gas Supply and Demand Analysis 2
Gas Infrastructure 7
Pipelines 7
LNG 8
Electricity Market Overview 10
Industry Landscape 10
Retail Market Players 10
Electricity Supply and Demand Analysis 10
Electricity Infrastructure 15
Generation Capacity 15
Electricity Networks 16
Competitive Intensity Analysis Overview 18
Datamonitor's MCI Index offers a robust framework for measuring the development of energy Market Competitive Intensity 18
The MCI Index shows how competitive a particular market is. This has applications for both new entrants seeking to enter the market, and established players and former monopoly incumbents seeking to defined their market share from new entrants. 18
The MCI Index assesses markets as they stood in early 2010 and forecasts conditions likely to be prevailing in July 2013, five years after full market opening. 18
The MCI assessment draws on nine underlying metrics grouped into three broad clusters: Market framework; Supplier Push; Customer Pull 19
Each of the nine pillars has an assessment scale to allow for the comparison of diverse markets (see appendix for more details) 20
Gas Market Competitive Intensity 21
Greece's gas market remains low down on the competitive intensity scale, despite continued rapid demand growth 21
Greece still has a long way to go to reach to the levels of competition seen in developed gas markets 22
Market framework may see some improvement by the forecasted period 22
Effectiveness of Regulator [2010: 4/10 2013: 6/10] 22
Ease of Third Party Access [2010: 1.5/10 2013: 2.5/10] 23
Pricing Regime [2010: 1.5/10 2013: 2/10] 23
Supplier push is expected to remain at the lower end of the scale 23
Wholesale Market Fragmentation [2010: 0.1/10 2013: 2/10] 23
Retail Market Fragmentation [2010: 0.1/10 2012: 2/10] 23
Traded Market Maturity [2010: 0.1/10 2013: 0.1/10] 23
Customer Pull metrics are all redundant given the current market structure and will only increase marginally by 2013 23
Access to Market Information and Assistance [2010: 1.5/10 2013: 2.5/10] 23
Consumer Representation [2010: 2/10 2013: 2/10] 23
Propensity to Switch [2010: 0.1/10 2013: 1.5/10] 24
Electricity Market Competitive Intensity 25
Greece's power market remains very much at the bottom end of the competitive intensity scale both during and after the forecast period 25
Greece's Market Framework factors are the only area of discernible strength in the overall power score 26
Greece's Market Framework scores support the overall total 26
Effectiveness of Regulator [2010: 5.5/10 2013: 8/10] 26
Ease of Third Party Access [2010: 6/10 2013: 7/10] 27
Pricing Regime [2010: 4/10 2013: 5/10] 27
The former monopoly position of the PPC serves to significantly constrain the Supplier Push metrics 27
Wholesale Market Fragmentation [2010: 0.5/10 2013: 2/10] 27
Retail Market Fragmentation [2010: 0.1/10 2013: 0.5/10] 27
Traded Market Maturity [2010: 0.1/10 2013: 0.1/10] 27
Greece's Customer Pull metrics will continue to be held back by the lack of new market entrants and the dominance of the PPC 27
Access to Market Information and Assistance [2010: 2/10 2013: 2.5/10] 27
Consumer Representation [2010: 2/10 2013: 2.5/10] 27
Propensity to Switch [2010: 0.5/10 2013: 1/10] 28
Limited competitive intensity in the Greek energy markets create significant opportunities for those seeking early mover advantage 28
COMPETITIVE INTENSITY ANALYSIS APPENDIX 29
MCI Scores Summary 29
MCI Scoring Scales 32
APPENDIX 37
List of power stations in Greece 37
Definitions 42
Ask the analyst 43
Datamonitor consulting 43
Disclaimer 43
List of Tables
Table 1: Greece major gas retail players, 2008 2
Table 2: Greece gas supply and demand balance, 2008?09e 3
Table 3: Greece gas transmission pipelines 8
Table 4: Greece LNG terminals 9
Table 5: Greece major power retail players, 2008 10
Table 6: Greece power supply and demand balance, 2008?09e 11
Table 7: Greece system capacity 17
Table 8: Market Competitive Intensity, Greece 2010 and 2013 29
Table 9: MCI Additive, Europe 2010 and 2013 30
Table 10: MCI Multiplicative, Europe 2010 and 2013 31
Table 11: Greece power generation assets 37
List of Figures
Figure 1: Greece indigenous gas production, 1990?2009e 4
Figure 2: Greece gas import supply sources, 2009e 5
Figure 3: Greece gas consumption by sector, 2009e 6
Figure 4: Greece gas consumption, trends and forecasts, 1990?2020f 7
Figure 5: Greece power production by fuel type, 1990?2009e 12
Figure 6: Greece power production by fuel type, 2009e 13
Figure 7: Greece power consumption by sector, 2009e 14
Figure 8: Greece power consumption trends and forecasts, 1990?2020f 15
Figure 9: Greece power generation capacity by fuel type, 2008 16
Figure 10: MCI Assessment Scale 18
Figure 11: MCI Assessment Framework 19
Figure 12: MCI Scales 20
Figure 13: European Gas Market Competitive Intensity, 2010?13 21
Figure 14: Gas Market Competitive Intensity, Greece 22
Figure 15: European Power Market Competitive Intensity, 2010?13 25
Figure 16: Power Market Competitive Intensity, Greece 26
Figure 17: Market Competitive Intensity, Greece 28
Figure 18: Scale for MCI Assessment, Effectiveness of Regulator 32
Figure 19: Scale for MCI Assessment, Ease of Third Party Access 33
Figure 20: Scale for MCI Assessment, Pricing Regime 33
Figure 21: Scale for MCI Assessment, Wholesale Market Fragmentation 34
Figure 22: Scale for MCI Assessment, Retail Market Fragmentation 34
Figure 23: Scale for MCI Assessment, Traded Market Maturity 35
Figure 24: Scale for MCI Assessment, Access to Market Information 35
Figure 25: Scale for MCI Assessment, Consumer Representation 36
Figure 26: Scale for MCI Assessment, Propensity to Switch 36

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