Energy Market Landscape: Spain

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 3
Gas Supply and Demand Analysis 3
Gas Infrastructure 9
Pipelines 9
Pipeline Developments 10
Storage 10
LNG 12
Electricity Market Overview 13
Industry Landscape 13
Retail Market Players 13
Competition 13
Wholesale Environment 14
MIBEL 14
Electricity Supply and Demand Analysis 14
Electricity Infrastructure 19
Generation Capacity 19
Electricity Networks 20
Competitive Intensity Analysis Overview 22
Datamonitor's Market Competitive Intensity (MCI) Index offers a robust framework for measuring the development of competition in energy markets 22
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. 22
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 22
The MCI assessment draws on nine underlying metrics grouped into three broad clusters: Market Framework; Supplier Push; Customer Pull 23
Each of the nine pillars has an assessment scale to allow for the comparison of diverse markets (see Appendix for more details) 24
Gas Market Competitive Intensity 25
Organic market developments drive Spain's gas position forwards over the forecast period 25
Market Framework metrics will remain in the middle range from 2010 to 2013 26
Effectiveness of Regulator [2010: 5/10; 2013: 6/10] 26
Ease of Third Party Access [2010: 5/10; 2013: 5.5/10] 26
Pricing Regime [2010: 3/10; 2013: 6/10] 27
Reductions in wholesale and retail fragmentation will drive the Supplier Push metrics higher by 2013 27
Wholesale Market Fragmentation [2010: 4.5/10; 2013: 6/10] 27
Retail Market Fragmentation [2010: 6/10; 2013: 7.5/10] 27
Traded Market Maturity [2010: 2/10; 2013: 4/10] 27
Customer Pull metrics also see improvement by 2013 27
Access to Market Information [2010: 3.5/10; 2013: 5/10] 27
Consumer Representation [2010:5/10; 2013: 5/10] 28
Propensity to Switch [2010: 1/10; 2013: 2/10] 28
Electricity Market Competitive Intensity 29
The competitive intensity ranking of Spain's power market will deteriorate over the period 29
Market Framework metrics will remain in the middle to high range from 2010 to 2013 30
Effectiveness of Regulator [2010: 6.5/10; 2013: 7/10] 30
Ease of Third Party Access [2010: 5/10; 2013: 7/10] 31
Pricing Regime [2010: 5/10; 2013: 5/10] 31
Supplier Push metrics are currently modest, but will begin to increase by 2013 31
Wholesale Market Fragmentation [2010: 8/10; 2013: 9/10] 31
Retail Market Fragmentation [2010: 1.5/10; 2013: 3/10] 31
Traded Market Maturity [2010: 4/10; 2013: 7/10] 31
Customer Pull metrics will remain relatively low in 2013 32
Access to Market Information [2010: 3/10; 2013: 4.5/10] 32
Consumer Representation [2010: 5/10; 2013: 5/10] 32
Propensity to Switch [2010: 2.2/10; 2013: 3/10] 32
COMPETITIVE INTENSITY ANALYSIS APPENDIX 34
MCI Scores Summary 34
MCI Scoring Scales 37
APPENDIX 42
List of power stations in Spain 42
Definitions 52
Ask the analyst 52
Datamonitor consulting 52
Disclaimer 52
List of Tables
Table 1: Spain major gas retail market players, 2008 2
Table 2: Spain gas supply and demand balance, 2008?09e 4
Table 3: Spain gas transmission pipelines 10
Table 4: Spain gas storage sites 11
Table 5: Spain LNG terminals 12
Table 6: Spain major power retail market players, 2008 13
Table 7: Spain power supply and demand balance, 2008?09e 14
Table 8: Spain system capacity 21
Table 9: Market Competitive Intensity, Spain 2010 and 2013 34
Table 10: MCI Additive, Europe 2010 and 2013 35
Table 11: MCI Multiplicative, Europe 2010 and 2013 36
Table 12: Spain power generation assets 42
List of Figures
Figure 1: Spain indigenous gas production 1990?2009e 5
Figure 2: Spain gas (pipeline) import supply sources, 2009e 6
Figure 3: Spain gas (LNG) import supply sources, 2009e 7
Figure 4: Spain gas consumption by sector, 2009e 8
Figure 5: Spain gas consumption, trends and forecasts, 1990?2020f 9
Figure 6: Spain power production by fuel type, 1990?2009e 16
Figure 7: Spain power production by fuel type, 2009e 17
Figure 8: Spain power consumption by sector, 2009e 18
Figure 9: Spain power consumption, trends and forecasts, 1990?2020f 19
Figure 10: Spain power generation capacity by fuel type, 2009 20
Figure 11: MCI Assessment Scale 22
Figure 12: MCI Assessment Framework 23
Figure 13: MCI Scales 24
Figure 14: European Gas Market Competitive Intensity, 2010-13 25
Figure 15: Gas Market Competitive Intensity, Spain 26
Figure 16: European Power Market Competitive Intensity, 2010-13 29
Figure 17: Power Market Competitive Intensity, Spain 30
Figure 18: Market Competitive Intensity, Spain 33
Figure 19: Scale for MCI Assessment, Effectiveness of Regulator 37
Figure 20: Scale for MCI Assessment, Ease of Third Party Access 38
Figure 21: Scale for MCI Assessment, Pricing Regime 38
Figure 22: Scale for MCI Assessment, Wholesale Market Fragmentation 39
Figure 23: Scale for MCI Assessment, Retail Market Fragmentation 39
Figure 24: Scale for MCI Assessment, Traded Market Maturity 40
Figure 25: Scale for MCI Assessment, Access to Market Information 40
Figure 26: Scale for MCI Assessment, Consumer Representation 41
Figure 27: Scale for MCI Assessment, Propensity to Switch 41

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