Energy Industry - UK - August 2016
“Widespread smart meter deployment should create significant opportunities for energy suppliers, allowing them to offer more innovative and tailored tariffs and products. For example, the technology makes it possible for suppliers to offer ‘time-of-use tariffs’, charging a lower price for power at off-peak times, such as the weekend, and higher prices on high demand weekdays.
Smart meters therefore have the potential to increase competition between suppliers, enabling them to provide better service quality and new products and services. British Gas is the first supplier to launch a ‘time of use’ tariff in summer 2016, offering smart meter customers free power on one day each weekend.
Widespread smart meter roll-out could also attract new market entrants. For example, media companies, such as Sky and BT, could potentially include energy as part of their bundles once the service is digitised.”
Claudia Preedy - B2B Analyst
This report answers the following questions:
- What is the potential impact of Brexit on the UK's renewable energy policy?
- Have government subsidy cuts for some renewable technologies affected investor confidence?
- How have smaller energy suppliers managed to gain market share from the 'big six' in recent years?
- What opportunities do smart meters offer for energy suppliers?
The terms of reference for this report concern the UK energy market, specifically:
- Electricity generation and demand
- Gas supply and demand
- Retail energy market
Electricity generation refers to companies producing electricity in power stations that operate under generation licences. The report covers the following:
- coal generation
- renewables (wind, solar, hydro, bioenergy, etc.)
The UK gas market can be separated into two sections: upstream (gas supply) and downstream (gas demand). The report covers gas supply (production, imports, exports) and the downstream activities of supply to the industrial, commercial, power generation and domestic sectors.
The retail energy market covers home energy providers in the UK, including:
- Electricity suppliers
- Gas suppliers
- This report covers the residential energy supply market and excludes business customers.
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
Why buy from us?
Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.
Buy now and you'll have instant access to the information you need to make the right decisions.
Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.
A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.