Market Competitive Intensity (MCI): Romania

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 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: Romania's gas and power outperform less developed Central and Eastern European economies 7
Romania's score is above those seen in other, more developed, economies 7
Like the power market, Romania's gas market achieves a higher score that other more developed economies in the region 7
Power MCI: Weak Customer Pull metrics curtails the overall power score 9
Romania's Market Framework metrics are driven by the existence of the wholesale market and an efficient TPA regime 9
Effectiveness of Regulator [2008: 4/10 2010: 5/10] 9
Ease of Third Party Access [2008: 8/10 2010: 9/10] 10
Effectiveness of Balancing and Data Transfer [2008: 10/10 2010: 10/10] 10
Romania's Supplier Push metrics are driven by fragmentation in the generation market and the existence of the OPCOM market 10
Wholesale Market Fragmentation [2008: 7/10 2010: 7.5/10] 10
Retail Market Fragmentation [2008: 2/10 2010: 4/10] 10
Traded Market Maturity [2008: 6/10 2010: 8/10] 10
Customer Pull metrics are likely to remain low in both 2008 and 2010 11
Access to Market Information and Assistance [2008: 2/10 2010: 2.5/10] 11
Consumer Representation [2008: 2/10 2010: 2/10] 11
Propensity to Switch [2008: 3/10 2010: 4/10] 11
Gas MCI: Romania's gas market score is undermined by a weak Traded Market Maturity metric and weak Customer Pull metrics 12
Romania's Market Framework metrics show little improvement over the forecast period 12
Effectiveness of Regulator [2008: 4/10 2010: 4.5/10] 12
Ease of Third Party Access [2008: 4/10 2010: 5/10] 13
Effectiveness of Balancing and Data Transfer [2008: 5/10 2010: 5.5/10] 13
Romania's Supplier Push metrics show only minimal increases during the forecast period 13
Wholesale Market Fragmentation [2008: 6/10 2010: 6.5/10] 13
Retail Market Fragmentation [2008: 3.5/10 2010: 4.5/10] 13
Traded Market Maturity [2007: 0/10 2010: 1/10] 13
None of Romania's Customer Pull metrics rise above the bottom end of the scale by the end of the forecast period 14
Access to Market Information and Assistance [2007: 2/10 2010: 2.5/10] 14
Consumer Representation [2007: 2/10 2010: 2/10] 14
Propensity to Switch [2007: 1/10 2010: 1.5/10] 14
Outlook: New market entrants are more likely to find near term commercial opportunities in the Romanian power sector than in the gas sector 15
Romania's gas market competitive intensity continues to lag behind that seen in the power market 15
Power scores 15
Gas scores 15
Low levels of per capita demand combined with strong economic growth point to significant growth potential 16
New Market Entrant Opportunities, Power 16
New Market Entrant Threats, Power 16
Limited levels of competitive intensity mean that upstream activity is one of the few opportunities available in the short term 16
New Market Entrant Opportunities, Gas 16
New Market Entrant Threats, Gas 17
MCI Scores 18
APPENDIX 21
Definitions 21
Ask the analyst 26
[Inhaltsverzeichnis ausblenden]

Table 1: Market Competitive Intensity, Romania 2007-10 18
Table 2: MCI Additive, Europe 2008-2010 19
Table 3: MCI Multiplicative, Europe 2008-2010 20
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: European Gas Market Competitive Intensity, 2008-10 8
Figure 8: Power Market Competitive Intensity, Romania 9
Figure 9: Gas Market Competitive Intensity, Romania 12
Figure 10: Market Competitive Intensity, Romania 15
Figure 11: Scale for MCI Assessment, Effectiveness of Regulator 21
Figure 12: Scale for MCI Assessment, Ease of Third Party Access 22
Figure 13: Scale for MCI Assessment, Effectiveness of Balancing and Data Transfer 22
Figure 14: Scale for MCI Assessment, Wholesale Market Fragmentation 23
Figure 15: Scale for MCI Assessment, Retail Market Fragmentation 23
Figure 16: Scale for MCI Assessment, Traded Market Maturity 24
Figure 17: Scale for MCI Assessment, Access to Market Information and Assistance 24
Figure 18: Scale for MCI Assessment, Consumer Representation 25
Figure 19: Scale for MCI Assessment, Propensity to Switch 25
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