Energy Market Landscape: UK

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
Wholesale Environment 4
Gas Supply and Demand Analysis 5
Gas Infrastructure 11
Pipelines 11
Storage 12
LNG 14
Electricity Market Overview 15
Industry Landscape 15
Retail Market Players 15
Wholesale Environment 17
Electricity Supply and Demand Analysis 18
Electricity Infrastructure 23
Generation Capacity 23
Electricity Networks 24
Competitive Intensity Analysis Overview 26
Datamonitor's Market Competitive Intensity (MCI) Index offers a robust framework for measuring the development of competition in energy markets 26
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. 26
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. 26
The MCI assessment draws on nine underlying metrics grouped into three broad clusters: Market Framework; Supplier Push; Customer Pull 27
Each of the nine pillars has an assessment scale to allow for the comparison of diverse markets (see Appendix for more details) 28
Gas Market Competitive Intensity 29
The UK gas market is considerably ahead of all of the other gas markets surveyed (as is its power market) 29
The UK achieves high gas scores throughout most of the nine pillars 30
The developed and fully deregulated nature of the UK market allows it to achieve the highest market framework score in this study 30
Effectiveness of Regulator [2010: 8/10; 2013: 9/10] 30
Ease of Third Party Access [2010: 9/10; 2013: 10/10] 31
Pricing Regime [2010: 3.5/10; 2013: 5/10] 31
The only Supplier Push factor not to score 10/10 in the UK is Retail Market Fragmentation 31
Wholesale Market Fragmentation [2010: 10/10; 2013: 10/10] 31
Retail Market Fragmentation [2010: 6/10; 2013: 8/10] 31
Traded Market Maturity [2010: 10/10; 2013: 10/10] 31
High levels of switching, and facilities to assist this switching, result in high Customer Pull scores 32
Access to Market Information and Assistance [2010: 10/10; 2013: 10/10] 32
Consumer Representation [2010: 8.5/10; 2013: 9/10] 32
Propensity to Switch [2010: 2.5/10; 2013: 2.5/10] 32
Electricity Market Competitive Intensity 33
The UK's power score is considerably ahead of the second and third placed markets 33
Nearly all of the UK's power scores are at the upper end of the scale 34
Apart from pricing regime, the UK's Market Framework metrics achieve scores at the top end of the scale 34
Effectiveness of Regulator [2010: 7/10; 2013: 8/10] 34
Ease of Third Party Access [2010: 10/10; 2013: 10/10] 35
Pricing Regime [2010: 5 /10; 2013: 6/10] 35
Supplier Push metrics are driven by the existence of a fragmented wholesale market and the well developed traded market 35
Wholesale Market Fragmentation [2010: 8/10; 2013: 8/10] 35
Retail Market Fragmentation [2010: 7/10; 2013: 8/10] 35
Traded Market Maturity [2010: 8/10; 2013: 10/10] 35
All of the UK's Customer Pull metrics score at, or close to, the top end of the scale 36
Access to Market Information and Assistance [2010: 9.5/10; 2013: 10/10] 36
Consumer Representation [2010: 9/10; 2013: 9/10] 36
Propensity to Switch [2010: 2.5/10; 2013: 2.5/10] 36
COMPETITIVE INTENSITY ANALYSIS APPENDIX 38
MCI Scores Summary 38
MCI Scoring Scales 41
APPENDIX 46
List of power stations in the UK 46
Definitions 57
Ask the analyst 59
Datamonitor consulting 59
Disclaimer 59
List of Tables
Table 1: UK major gas retail market players, 2008 2
Table 2: UK gas supply and demand balance, 2008?09e 6
Table 3: UK cross-border gas transmission pipelines 12
Table 4: UK gas storage sites 13
Table 5: UK LNG terminals 14
Table 6: UK major power retail players, 2008 15
Table 7: UK power supply and demand balance, 2008?09e 19
Table 8: UK system capacity 25
Table 9: Market Competitive Intensity, UK 2010 and 2013 38
Table 10: MCI Additive, Europe 2010 and 2013 39
Table 11: MCI Multiplicative, Europe 2010 and 2013 40
Table 12: UK power generation assets 46
List of Figures
Figure 1: Market share of major gas retail players in the B2B segment, 2008 3
Figure 2: Market share of major gas retail players in the B2C segment, 2008 4
Figure 3: UK indigenous gas production, 1990?2009e 7
Figure 4: UK gas import supply sources, 2009e 8
Figure 5: UK gas export destinations, 2009e 9
Figure 6: UK gas consumption by sector, 2009e 10
Figure 7: UK gas consumption, trends and forecasts, 1990?2020f 11
Figure 8: Market share of major power retail players in the UK B2B segment, 2008 16
Figure 9: Market share of major power retail players in the UK B2C segment, 2008 17
Figure 10: UK power production by fuel type, 1990?2009e 20
Figure 11: UK power production by fuel type, 2009e 21
Figure 12: UK power consumption by sector, 2009e 22
Figure 13: UK power consumption, trends and forecasts, 1990?2020f 23
Figure 14: UK power generation capacity by fuel type, 2008 24
Figure 15: MCI Assessment Scale 26
Figure 16: MCI Assessment Framework 27
Figure 17: MCI Scales 28
Figure 18: European Gas Market Competitive Intensity, 2010-13 29
Figure 19: Gas Market Competitive Intensity, UK 30
Figure 20: European Power Market Competitive Intensity, 2010-13 33
Figure 21: Power Market Competitive Intensity, UK 34
Figure 22: Market Competitive Intensity, UK 37
Figure 23: Scale for MCI Assessment, Effectiveness of Regulator 41
Figure 24: Scale for MCI Assessment, Ease of Third Party Access 42
Figure 25: Scale for MCI Assessment, Pricing Regime 42
Figure 26: Scale for MCI Assessment, Wholesale Market Fragmentation 43
Figure 27: Scale for MCI Assessment, Retail Market Fragmentation 43
Figure 28: Scale for MCI Assessment, Traded Market Maturity 44
Figure 29: Scale for MCI Assessment, Access to Market Information 44
Figure 30: Scale for MCI Assessment, Consumer Representation 45
Figure 31: Scale for MCI Assessment, Propensity to Switch 45

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