Energy Market Landscape: Ireland

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
Wholesale Environment 2
Gas Supply and Demand Analysis 2
Gas Infrastructure 8
Pipelines 8
Storage 8
LNG 9
Electricity Market Overview 10
Industry Landscape 10
Wholesale Environment 10
Electricity Supply and Demand Analysis 10
Electricity Infrastructure 15
Generation Capacity 15
Electricity Networks 16
Competitive Intensity Analysis Overview 18
Datamonitor's Market Competitive Intensity (MCI) Index offers a robust framework for measuring the development of competition in energy markets 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 defend 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; and 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
Despite being a small gas market, Ireland achieves a top 10 ranking within the markets surveyed 21
A strong Market Framework score serves to offset weakness in some of the other metrics 22
Ireland's gas Market Framework remains at the upper end of the scale during the forecasted period 22
Effectiveness of Regulator [2010: 7/10; 2013: 8/10] 22
Ease of Third Party Access [2010: 8.5/10; 2013: 9/10] 22
Pricing Regime [2010: 2.5/10; 2013: 3.5/10] 23
Development of a traded wholesale market may drive the score up from its current level 23
Wholesale Market Fragmentation [2010: 2.5/10; 2013: 4.5/10] 23
Retail Market Fragmentation [2010: 0.1/10; 2013: 1/10] 23
Traded Market Maturity [2010: 8/10; 2013: 9/10] 23
Customer Pull metrics remain at moderate levels in 2013 24
Access to Market Information and Assistance [2010: 3/10; 2013: 4/10] 24
Consumer Representation [2010: 2.5/10; 2013: 3/10] 24
Propensity to Switch [2010: 4/10; 2013: 4.5/10] 24
Electricity Market Competitive Intensity 25
The change in Ireland's power score over the forecast period gives it a slight upward movement in the rankings over the forecast period 25
Ireland's power score is driven by the Market Framework and Supplier Push metrics 26
Market Framework metrics generally score highly and are likely to further improve by 2010 26
Effectiveness of Regulator [2010: 5.5/10; 2013: 7.5/10] 26
Ease of Third Party Access [2010: 3.4/10; 2013: 7/10] 27
Pricing Regime [2010: 2/10; 2013: 3.5/10] 27
The Supplier Push metrics remains at a moderate level, however Datamonitor expects this to improve by 2013 27
Wholesale Market Fragmentation [2010: 3.5/10; 2013: 5/10] 27
Retail Market Fragmentation [2010: 1/10; 2013: 2.5/10] 27
Traded Market Maturity [2010: 3.5/10; 2013: 4.5/10] 28
Customer Pull metrics remain relatively weak 28
Access to Market Information and Assistance [2010: 2.3/10; 2013: 4/10] 28
Consumer Representation [2010: 2.5/10; 2013: 3/10] 28
Propensity to Switch [2010: 5.8/10; 2013: 7/10] 28
Both the power and gas markets create significant commercial opportunities for new entrants 29
COMPETITIVE INTENSITY ANALYSIS APPENDIX 30
MCI Scores Summary 30
MCI Scoring Scales 33
APPENDIX 42
List of power stations in Ireland 42
Definitions 43
Ask the analyst 45
Datamonitor consulting 45
Disclaimer 45
List of Tables
Table 1: Ireland gas supply and demand balance, 2008?09 3
Table 2: Ireland LNG terminals 9
Table 3: Ireland power supply and demand balance, 2008?09e 11
Table 4: Ireland cross-border electricity links 17
Table 5: Market Competitive Intensity, Ireland 2010 and 2013 30
Table 6: MCI Additive, Europe 2010 and 2013 31
Table 7: MCI Multiplicative, Europe 2010 and 2013 32
Table 8: Ireland power generation assets 42
List of Figures
Figure 1: Ireland indigenous gas production, 1990?2009 5
Figure 2: Ireland gas consumption by sector, 2009 6
Figure 3: Ireland gas consumption, trends and forecasts, 1990?2020f 7
Figure 4: Ireland power generation by fuel type, 1990?2009e 12
Figure 5: Ireland power generation by fuel type, 2009e 13
Figure 6: Ireland power consumption by sector, 2009e 14
Figure 7: Ireland power consumption trends and forecasts, 1990?2020f 15
Figure 8: Ireland power generation capacity by fuel type, 2008 16
Figure 9: MCI Assessment Scale 18
Figure 10: MCI Assessment Framework 19
Figure 11: MCI Scales 20
Figure 12: European Gas Market Competitive Intensity, 2010?13 21
Figure 13: Gas Market Competitive Intensity, Ireland 22
Figure 14: European Power Market Competitive Intensity, 2010?13 25
Figure 15: Power Market Competitive Intensity, Ireland 26
Figure 16: Market Competitive Intensity, Ireland 29
Figure 17: Scale for MCI Assessment, Effectiveness of Regulator 33
Figure 18: Scale for MCI Assessment, Ease of Third Party Access 34
Figure 19: Scale for MCI Assessment, Pricing Regime 35
Figure 20: Scale for MCI Assessment, Wholesale Market Fragmentation 36
Figure 21: Scale for MCI Assessment, Retail Market Fragmentation 37
Figure 22: Scale for MCI Assessment, Traded Market Maturity 38
Figure 23: Scale for MCI Assessment, Access to Market Information 39
Figure 24: Scale for MCI Assessment, Consumer Representation 40
Figure 25: Scale for MCI Assessment, Propensity to Switch 41

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