Market Competitive Intensity (MCI): Spain

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: Spain's position in the power rankings will continue to lag that seen in gas 7
The competitive intensity ranking of Spain's power market will deteriorate over the period 7
Spain's gas position is unchanged over the forecast period 7
Power MCI: Spain's power position is particularly impacted by weak Customer Pull metrics 9
Market Framework metrics will remain in the middle range both currently and by 2010 9
Effectiveness of Regulator [2008: 6.5/10 2010: 7/10] 9
Ease of Third Party Access [2008: 4.5/10 2010: 5/10] 10
Effectiveness of Balancing and Data Transfer [2008: 6/10 2010: 6.5/10] 10
Supplier Push metrics are currently modest, though by 2010 will begin to increase upwards 10
Wholesale Market Fragmentation [2008: 4/10 2010: 4.5/10] 10
Retail Market Fragmentation [2008: 4/10 2010: 4.5/10] 11
Traded Market Maturity [2008: 2/10 2010: 3/10] 11
Customer Pull metrics will remain relatively low in 2010 11
Access to Market Information and Assistance [2008: 3/10 2010: 4.5/10] 11
Consumer Representation [2008: 3.5/10 2010: 4/10] 11
Propensity to Switch [2008: 2.2/10 2010: 3/10] 11
Gas MCI: Market Framework factors are the main drivers of the Spanish gas score 12
Spanish Market Framework scores remain strong over the forecast period 12
Effectiveness of Regulator [2008: 5/10 2010: 6/10] 12
Ease of Third Party Access [2008: 6.5/10 2010: 7.5/10] 13
Effectiveness of Balancing and Data Transfer [2008: 5.5/10 2010: 7/10] 13
Reductions in wholesale and retail fragmentation will drive the Supplier Push metrics higher by 2010 13
Wholesale Market Fragmentation [2008: 4/10 2010: 5/10] 13
Retail Market Fragmentation [2008: 3.5/10 2010: 5.5/10] 13
Traded Market Maturity [2008: 3.5/10 2010: 4/10] 13
Customer Pull metrics also see improvement by 2010 14
Access to Market Information and Assistance [2008: 3.5/10 2010: 5/10] 14
Consumer Representation [2008: 2.5/10 2010: 3/10] 14
Propensity to Switch [2008: 3.8/10 2010: 5.5/10] 14
Outlook: Commercial opportunities in the gas sector will lead those available in the power sector 15
Although the gas and power markets are currently at different stages of development, their competitive intensity scores converge in 2010 15
Power scores 15
Gas scores 15
Developments in the Spanish power market will create improved competitive intensity, though challenges remain to be overcome 16
New Market Entrant Opportunities, Power 16
New Market Entrant Threats, Power 16
Strong demand growth and continued gasification enhance the attractiveness of the Spanish market to new players 16
New Market Entrant Opportunities, Gas 16
New Market Entrant Threats, Gas 16
MCI Scores 17
APPENDIX 20
Definitions 20
Ask the analyst 25
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Table 1: Market Competitive Intensity, Spain 2008-10 17
Table 2: MCI Additive, Europe 2008-2010 18
Table 3: MCI Multiplicative, Europe 2008-2010 19
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, Spain 9
Figure 9: Gas Market Competitive Intensity, Spain 12
Figure 10: Market Competitive Intensity, Spain 15
Figure 11: Scale for MCI Assessment, Effectiveness of Regulator 20
Figure 12: Scale for MCI Assessment, Ease of Third Party Access 21
Figure 13: Scale for MCI Assessment, Effectiveness of Balancing and Data Transfer 21
Figure 14: Scale for MCI Assessment, Wholesale Market Fragmentation 22
Figure 15: Scale for MCI Assessment, Retail Market Fragmentation 22
Figure 16: Scale for MCI Assessment, Traded Market Maturity 23
Figure 17: Scale for MCI Assessment, Access to Market Information and Assistance 23
Figure 18: Scale for MCI Assessment, Consumer Representation 24
Figure 19: Scale for MCI Assessment, Propensity to Switch 24
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