Energy Market Landscape: Luxembourg

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 4
Gas Infrastructure 8
Pipelines 8
Electricity Market Overview 9
Industry Landscape 9
Retail Market Players 9
Electricity Supply and Demand Analysis 9
Electricity Infrastructure 14
Generation Capacity 14
Electricity Networks 15
Competitive Intensity Analysis Overview 16
Datamonitor's MCI Index offers a robust framework for measuring the development of energy Market Competitive Intensity 16
The MCI Index shows how competitive a particular market is. This has applications for both new entrant seeking to enter the market, and established players and former monopoly incumbents seeking to defined their market share from new entrants. 16
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. 16
The MCI assessment draws on nine underlying metrics grouped into three broad clusters: Market framework; Supplier Push; Customer Pull 17
Each of the nine pillars has an assessment scale to allow for the comparison of diverse markets (see appendix for more details) 18
Gas Market Competitive Intensity 19
The gas market is dominated by two key suppliers with the regulatory framework making market entry difficult to achieve 19
Very limited viability currently exists for new players in the Luxembourg gas market 20
Luxembourg's gas market framework factors will remain modest 20
Effectiveness of Regulator [2010: 1.5/10 2013: 2.5/10] 20
Ease of Third Party Access [2010: 2.5/10 2013: 3.0/10] 20
Pricing Regime [2010: 3/10 2013: 3/10] 21
Supplier Push metrics are all at the bottom end of the scale in the current climate 21
Wholesale Market Fragmentation [2010: 1/10 2013: 1.5/10] 21
Retail Market Fragmentation [2010: 0.1/10 2013: 1/10] 21
The retail gas market in Luxembourg remains very concentrated amongst a small number of players. In common with the Wholesale Market Fragmentation metric, this situation will not change to any discernible degree during the forecast period. 21
Traded Market Maturity [2010: 1/10 2013: 1.5/10] 21
Customer Pull metrics largely remain at the lower range of the scale 21
Access to Market Information and Assistance [2010: 2.5/10 2013: 2.5/10] 21
As in the electricity sector, market information and assistance in the gas sector remains limited in Luxembourg. 21
Consumer Representation [2010: 1/10 2013: 2/10] 21
Propensity to Switch [2010: 0.1/10 2013: 1/10] 21
Electricity Market Competitive Intensity 22
Luxembourg remains a limited market for energy investment due to market size, regulatory and incumbent barriers 22
Scope for new entrants to Luxembourg's power market remains inherently limited 23
The Market Framework metrics remain an inherent flaw in Luxembourg's overall score 23
Effectiveness of Regulator [2010: 2/10 2013: 2.5/10] 23
Ease of Third Party Access [2010: 3/10 2013: 5/10] 23
Pricing Regime [2010: 2/10 2013: 3/10] 24
The dominance a number of key utilities curtails the supplier push scores 24
Wholesale Market Fragmentation [2010: 2/10 2013: 3/10] 24
Retail Market Fragmentation [2010: 3/10 2013: 4/10] 24
Traded Market Maturity [2010: 2.5/10 2013: 3/10] 24
Customer Pull metrics only play a minor role in the current market structure 24
Access to Market Information and Assistance [2010: 2/10 2013: 2.5/10] 24
Consumer Representation [2010: 1/10 2013: 2/10] 24
Propensity to Switch [2010: 0.1/10 2013: 0.5/10] 25
COMPETITIVE INTENSITY ANALYSIS APPENDIX 26
MCI Scores Summary 26
MCI Scoring Scales 29
APPENDIX 34
List of power stations in Luxembourg 34
Definitions 35
Ask the analyst 36
Datamonitor consulting 36
Disclaimer 36
List of Tables
Table 1: Luxembourg major gas retail market players, 2008 2
Table 2: Luxembourg gas supply and demand balance, 2008?09e 5
Table 3: Luxembourg major power retail players, 2008 9
Table 4: Luxembourg power supply and demand balance, 2008?09e 10
Table 5: Market Competitive Intensity, Luxembourg 2010 and 2013 26
Table 6: MCI Additive, Europe 2010 and 2013 27
Table 7: MCI Multiplicative, Europe 2010 and 2013 28
Table 8: Luxembourg power generation assets 34
List of Figures
Figure 1: Major gas retail players market share in the B2B segment, 2008 3
Figure 2: Major gas retail players market share in the B2C segment, 2008 4
Figure 3: Luxembourg gas import supply sources, 2009e 6
Figure 4: Luxembourg gas sectoral consumption, 2009e 7
Figure 5: Luxembourg gas consumption, trends and forecasts, 1990?2020f 8
Figure 6: Luxembourg power production by fuel type, 1990?2009e 11
Figure 7: Luxembourg power production by fuel type, 2009e 12
Figure 8: Luxembourg power sectoral consumption, 2009e 13
Figure 9: Luxembourg power consumption, trends and forecasts, 1990?2020f 14
Figure 10: Luxembourg power generation capacity by fuel type, 2008 15
Figure 11: MCI Assessment Scale 16
Figure 12: MCI Assessment Framework 17
Figure 13: MCI Scales 18
Figure 14: European Gas Market Competitive Intensity, 2010-13 19
Figure 15: Gas Market Competitive Intensity, Luxembourg 20
Figure 16: European Power Market Competitive Intensity, 2010-13 22
Figure 17: Power Market Competitive Intensity, Luxembourg 23
Figure 18: Market Competitive Intensity, Luxembourg 25
Figure 19: Scale for MCI Assessment, Effectiveness of Regulator 29
Figure 20: Scale for MCI Assessment, Ease of Third Party Access 30
Figure 21: Scale for MCI Assessment, Pricing Regime 30
Figure 22: Scale for MCI Assessment, Wholesale Market Fragmentation 31
Figure 23: Scale for MCI Assessment, Retail Market Fragmentation 31
Figure 24: Scale for MCI Assessment, Traded Market Maturity 32
Figure 25: Scale for MCI Assessment, Access to Market Information 32
Figure 26: Scale for MCI Assessment, Consumer Representation 33
Figure 27: Scale for MCI Assessment, Propensity to Switch 33

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