Market Competitive Intensity (MCI): Texas

This series of market profiles covers 5 key markets in North America. Each profile provides insight into market structures, regulatory environments, supply and demand balances, assets, market concentration and wholesale sources of energy.

Report Highlights
Each profile offers a supply and demand balance showing a breakdown of both supply sources and consumption by end use sector.

Subsequent analysis provides a deeper analysis of supply and demand dynamics by looking at factors such as indigenous production trends, trade flows and current and historical sectoral demand trends.

The profiles also include a detailed analysis of each market's regulatory structure. This provides an examination of key governmental, legal and political influences on the energy sector. Each profile also contains an overview of energy assets and infrastructure at various stages of the value chain.
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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 3
The MCI assessment draws on nine underlying metrics grouped into three broad clusters: Market framework; Supplier Push; Customer Pull. 3
The MCI Index measures the development of 5 US gas and power markets 4
The MCI Index assesses markets in July 2008 and on 1st July 2010 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 different methods of overall score calculation are used 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 energy market players 6
Context: Texas power and gas market ranks ahead of other NA markets covered 7
The Texas power market ranks top of other markets covered 7
Texas gas score remains unchanged during the forecast period 8
Power MCI: Texas power score is affected slightly by average Supplier Push score 9
All the Market Framework lie in upper half of metrics 9
Effectiveness of Regulator (2008 -8.5/10, 2010 - 9/10) 9
Ease of Third Party Access (2008-8.5/10, 2010 - 8.5/10) 10
Effectiveness of Balancing and Data Transfer (2008- 7/10, 2010 - 8/10) 10
Traded market maturity is likely to improve over the forecasted period 10
Wholesale Market Fragmentation (2008 - 8/10, 2010 -8.5/10) 10
Retail Market Fragmentation (2008 - 8/10, 2010 - 8.5/10) 10
Traded Market Maturity (2008 -6.5/10, 2010 - 7/10) 11
High switching rate pushes the overall Customer Pull score 11
Access to Market Information and Assistance (2008- 6/10, 2010- 6.5/10) 11
Consumer Representation (2008- 5.5/10, 2010- 5.5/10) 11
Propensity to Switch (2008- 8/10, 2010- 8.5/10) 11
Gas MCI: Texas gets a low Customer Pull score vis-à-vis other metrics score 12
Market framework score likely to remain unchanged 12
Effectiveness of Regulator (2008 - 8/10, 2010 - 8.5/10) 12
Ease of Third Party Access (2008- 9/10, 2010 - 9/10) 13
Effectiveness of Balancing and Data Transfer (2008- 9/10, 2010 - 9/10) 13
Competitive wholesale and retail markets increases the the overall supply score 13
Wholesale Market Fragmentation (2008 -10/10, 2010 - 10/10) 13
Retail Market Fragmentation (2008 - 8/10, 2010 - 8.5/10) 13
Traded Market Maturity (2008 - 8.5 2010 - 9/10) 13
No active customer choice program deters switching in the residential gas market 14
Access to Market Information and Assistance (2008- 7/10, 2010- 8/10) 14
Consumer Representation (2008- 5/10, 2010- 5.5/10) 14
Propensity to Switch (2008- 0/10, 2010- 0/10) 14
Outlook: Both, power and gas market provide plenty of opportunity for competition 15
MCI Scores 16
APPENDIX 18
Definitions 18
Ask the analyst 23
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Table 1: Market Competitive Intensity, Texas 2008-10 16
Table 2: MCI Additive, US 2008-2010 16
Table 3: MCI Multiplicative, US 2008-2010 1
Figure 1: MCI Assessment Scale 3
Figure 2: MCI Assessment Framework 3
Figure 3: MCI Market Coverage 4
Figure 4: MCI Scales 5
Figure 5: MCI Applications 6
Figure 6: Asia Pacific Power Market Competitive Intensity, 2008-10 7
Figure 7: Asia-Pacific Gas Market Competitive Intensity, 2008-10 8
Figure 8: Power Market Competitive Intensity Index, Texas 9
Figure 9: Gas Market Competitive Intensity, Texas 12
Figure 10: Market Competitive Intensity, Texas 15
Figure 11: Scale for MCI Assessment, Effectiveness of Regulator 18
Figure 12: Scale for MCI Assessment, Ease of Third Party Access 19
Figure 13: Scale for MCI Assessment, Effectiveness of Balancing and Data Transfer 19
Figure 14: Scale for MCI Assessment, Wholesale Market Fragmentation 20
Figure 15: Scale for MCI Assessment, Retail Market Fragmentation 20
Figure 16: Scale for MCI Assessment, Traded Market Maturity 21
Figure 17: Scale for MCI Assessment, Access to Market Information and Assistance 21
Figure 18: Scale for MCI Assessment, Consumer Representation 22
Figure 19: Scale for MCI Assessment, Propensity to Switch 22
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