Market Competitive Intensity (MCI): Malta

Datamonitor's Market Competitive Intensity Index (MCI) is a robust framework for measuring and benchmarking the development of competitiveness and market conditions in a range of gas and electricty markets. The MCI assessment draws on nine underlying metrics grouped into three broad clusters: Market framework; Supplier Push and Customer Pull.

Report Highlights
Datamonitor's MCI Index offers a robust framework for measuring the development of utility Market Competitive Intensity. MCI scores are calculated using two different methods. The first, the simple weighted average (additive) measure shows overall competitive intensity. The second, the multipliative method, is more complex. It prevents markets with an overly wide spread of underlying raw scores from exerting undue influence over, or skewing, the final result.
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DATAMONITOR VIEW 1
CATALYST 1
SUMMARY 1
ANALYSIS 2
Introduction: Datamonitor's MCI Index offers a robust framework for measuring the development of energy Market Competitive Intensity 2
The MCI Index shows how attractive a particular market is to new entrants in terms of the competitive environment 2
The MCI assessment draws on nine underlying metrics grouped into three broad clusters: Market framework; Supplier Push; Customer Pull. 3
The MCI Index measures competitive intensity in the EU 27 and 6 related markets 4
The MCI Index assesses markets as they stood in early 2008 and forecasts conditions likely to be prevailing three years after full market opening 4
Each of the nine pillars has an assessment scale to allow for the comparison of diverse markets (see appendix for more details) 5
Two differing overall MCI scores are calculated to ensure full clarity of results 5
A simple weighted average (additive) measure shows overall competitive intensity 5
A weighted multiple (multiplicative) measure shows overall competitive intensity 5
The MCI framework has a number of applications for your organization 6
Context: Malta's power market remains monopolistic whilst the gas market is yet to emerge 7
Competition is yet to emerge in the power sector 7
Power MCI: Competition is yet to emerge in the power sector 8
The regulatory metric is the only one of the market framework factors to score 8
Effectiveness of Regulator [2008: 4/10 2010: 4/10] 8
Ease of Third Party Access [2008: 0/10 2010: 0/10] 9
Enemalta Corporation is the sole generator and supplier of electricity to the end consumer in Malta. As such, TPA is yet to develop in any real sense. 9
Effectiveness of Balancing and Data Transfer [2008: 1/10 2010: 1/10] 9
Monopoly in the power market leads to weak supplier push scores 9
Wholesale Market Fragmentation [2008: 0/10 2010: 0/10] 9
Retail Market Fragmentation [2008: 0/10 2010: 0/10] 9
Traded Market Maturity [2008: 0/10 2010: 0/10] 9
A wholesale traded market neither exists, or is required, under current market dynamics. 9
No customer pull exists in the Maltese electricity market 9
Access to Market Information and Assistance [2008: 1/10 2010: 1/10] 9
Consumer Representation [2008: 0/10 2010: 0/10] 9
Propensity to Switch [2008: 0/10 2010: 0/10] 9
MCI Scores 10
APPENDIX 14
Definitions 14
Ask the analyst 19
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Table 1: Market Competitive Intensity, Malta 2008-10 10
Table 2: MCI Additive, Europe 2008-2010 11
Table 3: MCI Multiplicative, Europe 2008-2010 12
Figure 1: MCI Assessment Scale 2
Figure 2: MCI Assessment Framework 3
Figure 3: MCI Market Coverage 4
Figure 4: MCI Scales 5
Figure 5: MCI Applications 6
Figure 6: European Power Market Competitive Intensity, 2008-10 7
Figure 7: Power Market Competitive Intensity, Malta 8
Figure 8: Scale for MCI Assessment, Effectiveness of Regulator 14
Figure 9: Scale for MCI Assessment, Ease of Third Party Access 15
Figure 10: Scale for MCI Assessment, Effectiveness of Balancing and Data Transfer 15
Figure 11: Scale for MCI Assessment, Wholesale Market Fragmentation 16
Figure 12: Scale for MCI Assessment, Retail Market Fragmentation 16
Figure 13: Scale for MCI Assessment, Traded Market Maturity 17
Figure 14: Scale for MCI Assessment, Traded Market Maturity 17
Figure 15: Scale for MCI Assessment, Access to Market Information and Assistance 18
Figure 16: Scale for MCI Assessment, Consumer Representation 18
Figure 17: Scale for MCI Assessment, Propensity to Switch 19
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