Energy Market Landscape: Portugal

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 8
Pipelines 8
Storage 9
LNG 10
Electricity Market Overview 11
Industry Landscape 11
Retail Market Players 11
Switching 11
Wholesale Environment 11
Electricity Supply and Demand Analysis 11
Electricity Infrastructure 16
Generation Capacity 16
Electricity Networks 17
Competitive Intensity Analysis Overview 19
Datamonitor's MCI Index offers a robust framework for measuring the development of energy Market Competitive Intensity 19
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. 19
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 19
The MCI assessment draws on nine underlying metrics grouped into three broad clusters: Market framework; Supplier Push; Customer Pull 20
Each of the nine pillars has an assessment scale to allow for the comparison of diverse markets (see appendix for more details) 21
Gas Market Competitive Intensity 22
The gas market is dominated by one key supplier with little in the way of market opening at this stage 22
The Portuguese gas market remains largely closed to competition due to a derogation from EU directives 23
Portugal's gas Market Framework remains largely closed to competition at this stage 23
Effectiveness of Regulator [2010: 5/10 2013: 7/10] 23
Ease of Third Party Access [2010: 0.5/10 2013: 3/10] 24
Pricing Regime [2010: 5.5/10 2013: 7/10] 24
Supplier Push metrics are all at the bottom end of the scale in the current climate 24
Wholesale Market Fragmentation [2010: 0.5/10 2013: 3/10] 24
Retail Market Fragmentation [2010: 3/10 2013: 5/10] 24
Traded Market Maturity [2010: 1/10 2013: 3/10] 24
Customer Pull metrics largely remain at the lower range of the scale 24
Access to Market Information [2010: 1.5/10 2013: 3/10] 24
Consumer Representation [2010: 1.5/10 2013: 2.5/10] 25
Propensity to Switch [2010: 1.5/10 2013: 4/10] 25
Electricity Market Competitive Intensity 26
Portugal remains a limited market for investment due to a number of structural barriers 26
Scope for new entrants to Portugal's power market remains limited 27
The Market Framework metrics form a key constituent of Portugal's overall score 27
Effectiveness of Regulator [2010: 5.5/10 2013: 7/10] 27
Ease of Third Party Access [2010: 4/10 2013: 5/10] 27
Pricing Regime [2010: 3.5/10 2013: 5/10] 28
The dominance a number of key utilities curtails the Supplier Push scores 28
Wholesale Market Fragmentation [2010: 3.5/10 2013: 6.5/10] 28
Retail Market Fragmentation [2010: 0.5/10 2012: 2.5/10] 28
Traded Market Maturity [2010: 4/10 2013: 6/10] 28
Customer Pull metrics only play a minor role in the current market structure 29
Access to Market Information [2010: 2/10 2013: 3.5/10] 29
Consumer Representation [2010: 2/10 2013: 3.5/10] 29
Propensity to Switch [2010: 1.5/10 2013: 4/10] 29
COMPETITIVE INTENSITY ANALYSIS APPENDIX 30
MCI Scores Summary 30
MCI Scoring Scales 33
APPENDIX 38
List of power stations in Portugal 38
Definitions 43
Ask the analyst 44
Datamonitor consulting 44
Disclaimer 44
List of Tables
Table 1: Portugal major gas retail market players, 2008 2
Table 2: Portugal gas supply and demand balance, 2008?09e 5
Table 3: Portugal gas transmission pipelines 9
Table 4: Portugal gas storage sites 10
Table 5: Portugal LNG terminal 10
Table 6: Portugal major power retail market players, 2008 11
Table 7: Portugal power supply and demand balance, 2008?09 12
Table 8: Portugal power transmission lines 18
Table 9: Market Competitive Intensity, Portugal 2010 and 2013 30
Table 10: MCI Additive, Europe 2010 and 2013 31
Table 11: MCI Multiplicative, Europe 2010 and 2013 32
Table 12: Portugal power generation assets 38
List of Figures
Figure 1: Major gas retail players market share in B2B segment, 2008 3
Figure 2: Major gas retail players market share in B2C segment, 2008 4
Figure 3: Portugal gas import supply sources, 2009e 6
Figure 4: Portugal gas sectoral consumption, 2009e 7
Figure 5: Portugal gas consumption, trends and forecast, 1990?2020f 8
Figure 6: Portugal power production by fuel type, 1990?2009 13
Figure 7: Portugal power production by fuel type, 2009 14
Figure 8: Portugal power sectoral consumption, 2009 15
Figure 9: Portugal power consumption, trends and forecast, 1990?2020f 16
Figure 10: Portugal power generation capacity by fuel type, 2009 17
Figure 11: MCI Assessment Scale 19
Figure 12: MCI Assessment Framework 20
Figure 13: MCI Scales 21
Figure 14: European Gas Market Competitive Intensity, 2010-13 22
Figure 15: Gas Market Competitive Intensity, Portugal 23
Figure 16: European Power Market Competitive Intensity, 2010-13 26
Figure 17: Power Market Competitive Intensity, Portugal 27
Figure 18: Market Competitive Intensity, Portugal 29
Figure 19: Scale for MCI Assessment, Effectiveness of Regulator 33
Figure 20: Scale for MCI Assessment, Ease of Third Party Access 33
Figure 21: Scale for MCI Assessment, Pricing Regime 34
Figure 22: Scale for MCI Assessment, Wholesale Market Fragmentation 35
Figure 23: Scale for MCI Assessment, Retail Market Fragmentation 35
Figure 24: Scale for MCI Assessment, Traded Market Maturity 36
Figure 25: Scale for MCI Assessment, Access to Market Information 36
Figure 26: Scale for MCI Assessment, Consumer Representation 37
Figure 27: Scale for MCI Assessment, Propensity to Switch 37

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