This report analyses the UK utilities market for electricity, gas and water services (water supply and sewerage).
April 13, 2007 (Press Release) --
Utilities - Market Assessment
This report analyses the UK utilities market for electricity, gas and water services (water supply and sewerage). As well as presenting financial, power and water-service data, the report also includes the results from consumer research undertaken on behalf of Key Note into attitudes towards the purchase and marketing of utility services.
The largest sector in terms of turnover is electricity, due to the expensive process of converting primary fuel such as coal or gas into electrical power. Gas forms the second-largest sector with its major markets being direct use for heating and, increasingly, electricity generation. Water services is the smallest sector.
The opening up of the UK market for electricity and gas supply to competition means there is a range of companies offering both fuels. Most of these companies originated in the electricity industry, but some have their roots in the gas industry. Some electricity and gas suppliers are marketing organisations with no history of direct involvement in the electricity or gas sectors. Suppliers of electricity and gas are now considered to be energy companies rather than suppliers of one fuel or the other. The UK energy market includes major players that are subsidiaries of very large French and German companies.
Regulation in the electricity and gas markets is carried out through the Office of Gas and Electricity Markets (Ofgem) to facilitate competition among supply companies, operate a licensing system, monitor prices, provide technical advice and address consumer issues. Energywatch, an independent body, provides help and advice on gas and electricity.
The UK electricity and gas sectors face fundamental challenges regarding security of supply and rising prices. Output from the UK's offshore gas industry will decrease and evidence of this decline is now emerging. With limited alternative environmentally acceptable primary fuels, the UK will import more of its gas requirements. Much of this gas will derive from regions that would not normally be preferred trade partners for energy supplies for the UK on account of differing political and cultural outlooks and remote distance from the UK
Utilities - Market Assessment
This report analyses the UK utilities market for electricity, gas and water services (water supply and sewerage). As well as presenting financial, power and water-service data, the report also includes the results from consumer research undertaken on behalf of Key Note into attitudes towards the purchase and marketing of utility services.
The largest sector in terms of turnover is electricity, due to the expensive process of converting primary fuel such as coal or gas into electrical power. Gas forms the second-largest sector with its major markets being direct use for heating and, increasingly, electricity generation. Water services is the smallest sector.
The opening up of the UK market for electricity and gas supply to competition means there is a range of companies offering both fuels. Most of these companies originated in the electricity industry, but some have their roots in the gas industry. Some electricity and gas suppliers are marketing organisations with no history of direct involvement in the electricity or gas sectors. Suppliers of electricity and gas are now considered to be energy companies rather than suppliers of one fuel or the other. The UK energy market includes major players that are subsidiaries of very large French and German companies.
Regulation in the electricity and gas markets is carried out through the Office of Gas and Electricity Markets (Ofgem) to facilitate competition among supply companies, operate a licensing system, monitor prices, provide technical advice and address consumer issues. Energywatch, an independent body, provides help and advice on gas and electricity.
The UK electricity and gas sectors face fundamental challenges regarding security of supply and rising prices. Output from the UK's offshore gas industry will decrease and evidence of this decline is now emerging. With limited alternative environmentally acceptable primary fuels, the UK will import more of its gas requirements. Much of this gas will derive from regions that would not normally be preferred trade partners for energy supplies for the UK on account of differing political and cultural outlooks and remote distance from the UK
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