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Description

Description

The key fuel segments examined in this report are:

  • Oil and petroleum products

  • Natural gas

  • Coal

  • Peat

  • Alternatives/renewables – eg wind power, hydro-power, solar power, biomass and geo-thermal heat.

This report has an industrial focus and therefore looks at energy prices from two perspectives:

  • wholesale prices and the wholesale market

  • end user prices – ie industrial and domestic.

What's included

What's included

Table of contents

Table of contents

  1. Issues in the Market

      • Key issues
        • Definitions
          • Geographical, national and regional definitions
            • Exchange rates
              • Abbreviations
                • Energy definitions
                  • Conversion factors
                  • Future Opportunities

                    • Searching for an anchor
                      • The world is a lot smaller than you think
                        • The search for trust
                          • The growing importance of brand
                            • From utility to energy suppliers
                              • Go Orange
                                • Making the supply side more competitive
                                  • Give end users more reasons to buy green
                                  • Market in Brief

                                    • The global dimension
                                      • The local dimension
                                        • Local energy demand
                                          • Figure 1: The total final end user energy consumption in IoI (ktoe), 2001-08
                                        • Prices in NI, RoI and UK linked…
                                          • Figure 2: Industrial Gas and Electricity prices in RoI and NI from October 2009
                                          • Figure 3: Domestic gas and electricity prices in RoI and NI from October 2009
                                          • Figure 4: The retail price of petrol (super Euro 95), automotive gas oil and heating oil in RoI and UK, 29th September 2009
                                      • Price Drivers: Economic Factors

                                        • Key points
                                          • The Irish economy drives energy demand
                                            • Figure 5: Total primary energy requirement* and GDP of RoI, 2001-08
                                            • Figure 6: Economic outlook for NI and RoI 2008-10
                                          • But the global economy is increasingly important…
                                            • Especially developing countries
                                              • Figure 7: Global shares of oil demand, 2006-30
                                            • Economic structure impacts on the type of energy demanded
                                              • The search for cheaper alternatives
                                                • The search for greener fuels
                                                • Price Drivers: Political Factors

                                                  • Key points
                                                    • Political initiatives on climate change
                                                      • Emission and pollution must be paid for
                                                        • Energy security
                                                          • EU influence
                                                            • The EU’s Third Energy package
                                                              • Unbundling
                                                                • Full ownership unbundling
                                                                  • The independent system operator
                                                                    • The independent transmission operator
                                                                    • Energy Usage and Consumption: Overview

                                                                      • Key points
                                                                        • Structure of energy use
                                                                          • Primary supply
                                                                            • Energy industry
                                                                              • End users
                                                                                • Figure 8: The flow of energy in Ireland, 2009
                                                                              • Rising energy demand in Ireland
                                                                                • Figure 9: End user energy consumption (million toe) in NI and RoI, 2001-08
                                                                              • NI relies more heavily on petroleum products
                                                                                • Figure 10: The structure of end user energy consumption (% of ktoe) by energy type in NI and RoI, 2008
                                                                            • Energy Usage and Consumption: RoI

                                                                              • Key points
                                                                                • Figure 11: The energy balance for RoI (ktoe), 2001-08
                                                                              • Import dependency is high
                                                                                • Figure 12: Import dependency of RoI*, 2001-08
                                                                              • Oil remains the bedrock of the energy market
                                                                                • Figure 13: The breakdown of primary energy consumption and end user consumption, by type, 2001-08
                                                                                • Figure 14: The percentage* of gross electricity generation, by fuel type in RoI, 2001-08
                                                                              • Renewables - a niche sector
                                                                              • Energy Usage and Consumption: NI

                                                                                • Key points
                                                                                  • NI energy requirements increase slightly in 2008
                                                                                    • Figure 15: Estimated summary energy balance for NI (ktoe), 2001-08
                                                                                  • Oil satisfies NI energy demands
                                                                                    • Figure 16: Breakdown of end user energy consumption in NI and UK, 2007-08
                                                                                  • Natural gas as a consumer fuel still in its infancy
                                                                                    • Coal used mainly for electricity generation
                                                                                      • Nuclear plays a role in the UK
                                                                                        • Renewables on the rise
                                                                                          • Figure 17: Renewable energy for electricity generation in NI, 2007 and 2008
                                                                                      • Price and Market Structures: Oil and Refined Products

                                                                                        • Key points
                                                                                          • Ireland relies on imported products
                                                                                            • Figure 18: The structure of the oil and refined products market in Ireland
                                                                                          • The components of the oil and oil product price
                                                                                              • Figure 19: The breakdown in the cost of a litre of petrol and diesel sold in RoI, December 2008
                                                                                            • What impact Irish demand has on Irish oil prices
                                                                                              • What determines international crude and refined prices
                                                                                                • Spot and futures markets and the role of speculation
                                                                                                  • The over-the-counter (OTC) market
                                                                                                  • Price and Market Structures: Gas

                                                                                                    • Key points
                                                                                                      • The components of gas prices
                                                                                                          • Figure 20: The composition of a natural gas bill in RoI (excl taxes), 2009
                                                                                                        • Energy taxes
                                                                                                          • Figure 21: Gas energy taxes in RoI and NI, end 2008
                                                                                                        • Trading in gas as a commodity
                                                                                                          • Purchasing of supplies
                                                                                                            • UK supplies increasingly sourced overseas
                                                                                                              • Bord Gáis Trading
                                                                                                                • Gas market structure
                                                                                                                    • Figure 22: The gas supply structure in Ireland, 2009
                                                                                                                  • Cross country links
                                                                                                                    • Proposed single gas market
                                                                                                                      • Regulation in RoI
                                                                                                                        • Price controls in RoI
                                                                                                                          • Regulation in NI
                                                                                                                            • Price controls in NI
                                                                                                                              • The postalisation of gas prices in NI
                                                                                                                              • Price and Market Structures: Electricity

                                                                                                                                • Key points
                                                                                                                                  • The components of electric prices
                                                                                                                                    • Why oil matters to electricity
                                                                                                                                      • Electricity market structure
                                                                                                                                          • Figure 23: The structure of the electricity system in Ireland
                                                                                                                                        • Growing cross country links
                                                                                                                                          • The single electricity market
                                                                                                                                              • Figure 24: SEM metrics, 2007/08-2009/10
                                                                                                                                            • NI: Regulation and price controls
                                                                                                                                              • Regulators
                                                                                                                                                • Price controls
                                                                                                                                                  • RoI regulation and price controls
                                                                                                                                                    • CER has overall responsibility
                                                                                                                                                      • It influences the generator market…
                                                                                                                                                        • And the transmission system
                                                                                                                                                          • And regulated distribution tariffs
                                                                                                                                                            • It also licenses supply companies…
                                                                                                                                                              • And regulators ESB Customer Supply’s tariffs
                                                                                                                                                                • Electricity taxes
                                                                                                                                                                  • Figure 25: Electricity energy taxes in RoI and NI, end 2008
                                                                                                                                                              • Strengths and Weaknesses in the Market

                                                                                                                                                                • Strengths
                                                                                                                                                                  • Weaknesses
                                                                                                                                                                  • Cost Trends and Forecast: Global Wholesale Prices

                                                                                                                                                                    • Key points
                                                                                                                                                                      • Crude oil price explosion and then slump
                                                                                                                                                                        • Figure 26: Europe Brent Spot Price free on board (FOB) (Dollars per barrel), August 1989-August 2009
                                                                                                                                                                      • Refined product prices move with crude prices
                                                                                                                                                                        • Figure 27: European Spot Price (Cents per gallon) for refined oil products, June 2003-September 2009
                                                                                                                                                                      • Gas and coal also move with oil
                                                                                                                                                                        • Figure 28: Actual and predicted global energy prices, 1992-2010
                                                                                                                                                                    • Cost Trends and Forecast: Industrial End User Prices

                                                                                                                                                                      • Key points
                                                                                                                                                                        • Industrial gas prices
                                                                                                                                                                          • Figure 29: The average industrial gas price in the UK and RoI (Euro per kWh), 1999-2009
                                                                                                                                                                          • Figure 30: Quarterly industrial gas prices in RoI, Q1 2004 = Q1 2009
                                                                                                                                                                        • Drop in wholesale prices slowly feeding into end user prices
                                                                                                                                                                          • Figure 31: The industrial and commercial user tariff for Phoenix natural gas NI (excl. VAT), 2009
                                                                                                                                                                          • Figure 32: Bord Gáis Industrial gas charges, 2009
                                                                                                                                                                        • Major savings for large users in RoI
                                                                                                                                                                          • Figure 33: The structure of industrial unit gas prices* in RoI, 2007-09
                                                                                                                                                                        • NI prices higher than those in the republic
                                                                                                                                                                          • Figure 34: Comparison of industrial gas prices (lowest tariff available) in NI* and RoI from October 2009
                                                                                                                                                                        • Industrial electricity prices
                                                                                                                                                                          • Figure 35: The average industrial electricity price in the UK and RoI (Euro per kWh), 1999-2009
                                                                                                                                                                        • Wholesale prices moving down in 2009
                                                                                                                                                                          • Figure 36: Energy price adjustment for NI Electricity, (pence per kWh) Oct 2008-Aug 2009
                                                                                                                                                                        • RoI prices jump, while those in the UK move
                                                                                                                                                                          • Figure 37: Price indices for industrial electricity prices, Jan 2000-Aug 2009
                                                                                                                                                                        • No standard tariffs in NI
                                                                                                                                                                          • Figure 38: NIE published non-domestic tariffs for users up to 70kVA, October 2009
                                                                                                                                                                        • RoI small business unit tariffs marginally cheaper than those in NI
                                                                                                                                                                          • Figure 39: Small business tariff of ESB in RoI, October 2009
                                                                                                                                                                        • Large user tariffs more complex
                                                                                                                                                                            • Figure 40: The structure of industrial electricity tariffs in RoI, 2007-09
                                                                                                                                                                          • Oil market drives industrial oil-based fuel costs…
                                                                                                                                                                            • Figure 41: Index of wholesale prices for oil-based fuels in RoI (2000=100), 2000-09
                                                                                                                                                                          • And the same pattern is seen in the UK
                                                                                                                                                                            • Figure 42: Prices (£ per tonne) of industrial oil-based products*, 2000-09
                                                                                                                                                                          • Prices in NI move in tandem with UK prices
                                                                                                                                                                            • Figure 43: Trends in UK and NI pump prices of petrol, December 2007-September 2009
                                                                                                                                                                          • NI and RoI prices move in harmony
                                                                                                                                                                            • Figure 44: Trends in pump prices of petroleum products in the UK and RoI, 2005-09
                                                                                                                                                                          • Taxes ensure NI prices remain above RoI prices
                                                                                                                                                                            • Figure 45: Petroleum pump prices in RoI and UK (Euro per 1000 litres), on 28th September 2009
                                                                                                                                                                        • Cost Trends and Forecast: Domestic Prices

                                                                                                                                                                          • Key points
                                                                                                                                                                            • UK and RoI domestic energy prices move in sync
                                                                                                                                                                              • Figure 46: Trends in UK and RoI consumer energy price indices (Consumer price indices all energy products), 2000-09
                                                                                                                                                                            • UK prices have risen more rapidly recently
                                                                                                                                                                              • But are starting to edge down
                                                                                                                                                                                • Figure 47: Trends in UK and RoI consumer energy price indices, 2000-09
                                                                                                                                                                              • Domestic electricity costs
                                                                                                                                                                                • RoI consumers traditionally pay more for their electricity than those in the UK
                                                                                                                                                                                  • Figure 48: The annual average cost of domestic electricity in RoI and UK (cent per kWh), 1999-2008
                                                                                                                                                                                • But that situation changed in 2009
                                                                                                                                                                                    • Figure 49: The domestic electricity rate for normal domestic use in RoI (quoted tariff for ESB), October 2009
                                                                                                                                                                                    • Figure 50: The domestic electricity rate for normal domestic use in NI (quoted tariff for NIE), October 2009
                                                                                                                                                                                  • Domestic gas prices
                                                                                                                                                                                    • UK and RoI prices shadow each other
                                                                                                                                                                                      • Figure 51: The annual average cost of domestic gas in RoI and UK (cent per kWh), 1999-2009
                                                                                                                                                                                    • Unit rates are coming down but standing tariffs are up in RoI
                                                                                                                                                                                      • Figure 52: Domestic gas tariffs (Bord Gáis) for normal residential consumers with an annual consumption of less than 73,000 kWh, October 2009
                                                                                                                                                                                      • Figure 53: Domestic gas tariffs (Bord Gáis) for large residential consumers with an annual consumption of more than 73,000 kWh, October 2009
                                                                                                                                                                                    • Prices also coming down in NI
                                                                                                                                                                                      • Figure 54: Domestic gas tariffs (Phoenix) for normal residential consumers with an annual consumption of less than 73,000 kWh, October 2009
                                                                                                                                                                                    • Domestic heating oil prices follow the oil price path
                                                                                                                                                                                      • Figure 55: The price of domestic heating oil (€ per 1000 litres)+ in RoI and UK, 2005-09
                                                                                                                                                                                    • Prices in RoI are above those of the UK
                                                                                                                                                                                      • Figure 56: The price of heating oil (€ per 1000 litres), with and without taxes, 29th September 2009
                                                                                                                                                                                  • Suppliers

                                                                                                                                                                                    • Key points
                                                                                                                                                                                      • Major gas suppliers
                                                                                                                                                                                        • Bord Gáis Éireann
                                                                                                                                                                                          • DCC Energy
                                                                                                                                                                                            • Gaslink
                                                                                                                                                                                              • Phoenix Natural Gas Group
                                                                                                                                                                                                • Vayu Ltd
                                                                                                                                                                                                  • Major electricity suppliers
                                                                                                                                                                                                    • Eirgrid
                                                                                                                                                                                                      • ESB Group
                                                                                                                                                                                                        • Kilroot power station/AES
                                                                                                                                                                                                          • Premiere Power Ltd
                                                                                                                                                                                                            • Viridian Group
                                                                                                                                                                                                              • Cross product suppliers
                                                                                                                                                                                                                • Northern Ireland Energy Holdings
                                                                                                                                                                                                                  • Major oil product suppliers
                                                                                                                                                                                                                    • BP
                                                                                                                                                                                                                      • Chevron/Texaco
                                                                                                                                                                                                                        • ConocoPhillips
                                                                                                                                                                                                                          • Emo
                                                                                                                                                                                                                            • Exxon Mobil Corporation
                                                                                                                                                                                                                              • Maxol Group
                                                                                                                                                                                                                                • TOP Oil
                                                                                                                                                                                                                                  • TOPAZ Energy Group Limited
                                                                                                                                                                                                                                  • Buyers

                                                                                                                                                                                                                                    • Key points
                                                                                                                                                                                                                                      • Transport and homes drive energy demand
                                                                                                                                                                                                                                          • Figure 57: Total final consumption (TFC) of energy by sector (%), RoI, 2001-08
                                                                                                                                                                                                                                        • People not industry drive energy demand
                                                                                                                                                                                                                                          • Figure 58: Detailed breakdown of total final consumption (TFC) of energy by sector (% of ktoe), RoI, 2008
                                                                                                                                                                                                                                        • Domestic demand of greater importance in NI
                                                                                                                                                                                                                                          • Figure 59: A comparison of the broad user groups of total final consumption (TFC) in RoI, NI and UK, 2008
                                                                                                                                                                                                                                      • Appendix – Energy Demand and Supply

                                                                                                                                                                                                                                          • Figure 60: Primary energy requirement excluding non-energy (ktoe) in RoI. by type of fuel and use, 2001-08
                                                                                                                                                                                                                                          • Figure 61: Primary energy requirement excluding non-energy (ktoe) in RoI, by type of fuel and user group, 2001-08
                                                                                                                                                                                                                                          • Figure 62: End user energy consumption in NI (ktoe), by type of fuel, 2005-08
                                                                                                                                                                                                                                          • Figure 63: Retail pump prices for petroleum products, 2005-09
                                                                                                                                                                                                                                          • Figure 64: The domestic electricity rate for home businesses in RoI (quoted tariff for ESB), October 2009

                                                                                                                                                                                                                                      About the report

                                                                                                                                                                                                                                      This report will give you a complete 360-degree view of your market. Not only is it rooted in robust proprietary and high-quality third-party data, but our industry experts put that data into context and you’ll quickly understand:

                                                                                                                                                                                                                                      • The Consumer

                                                                                                                                                                                                                                        What They Want. Why They Want It.

                                                                                                                                                                                                                                      • The Competitors

                                                                                                                                                                                                                                        Who’s Winning. How To Stay Ahead.

                                                                                                                                                                                                                                      • The Market

                                                                                                                                                                                                                                        Size, Segments, Shares And Forecasts: How It All Adds Up.

                                                                                                                                                                                                                                      • The Innovations

                                                                                                                                                                                                                                        New Ideas. New Products. New Potential.

                                                                                                                                                                                                                                      • The Opportunities

                                                                                                                                                                                                                                        Where The White Space Is. How To Make It Yours.

                                                                                                                                                                                                                                      • The Trends

                                                                                                                                                                                                                                        What’s Shaping Demand – Today And Tomorrow.

                                                                                                                                                                                                                                      Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted.

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