UK Electricity Industry market report
Everything you need to make the right decisions
Providing the most comprehensive and up-to-date information and analysis of the Electricity Industry market, and the behaviours, preferences and habits of the consumer.
Mintel has the answers you’re looking for
What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Key points covered
- A key focus for electricity distribution network operators (DNOs) is the development and roll-out of innovative smart grid technologies to enable the transition to a smarter and more flexible energy system
- The potential boom in electric vehicles (EVs) may pose serious network management challenges for DNOs
- Western Power Distribution
- UK Power Networks
- Northern Powergrid
- SP Distribution
- Electricity North West
- Northern Ireland Electricity Networks
- Centrica/British Gas Trading
- EDF Energy
- E.ON Energy
- ScottishPower Energy Retail
What you need to know
As of June 2018, there were 67 challenger energy suppliers, with most active in both gas and electricity. Medium and small suppliers have increased their market share from just 1% in 2012 to 25% and 24% in the gas and electricity supply markets respectively by June 2018. The high level of entry into the retail market indicates that low barriers to entry.
While a number of new suppliers that entered the market over the last five years have managed to expand significantly (such as Utilita, OVO Energy and Bulb Energy), there are no suppliers, besides the ‘big six’, that have yet reached an individual 5% market share.
Smaller suppliers buy energy at shorter notice than larger suppliers, which tend to purchase energy one or two years ahead. This means they have been more successful at passing through competitive deals and responding quickly to falling wholesale prices. While smaller suppliers have been able to take advantage of falling wholesale prices, they are also harder hit by rising wholesale prices than larger suppliers, who are in a much stronger position to absorb any increases.
Expert analysis from a specialist in the field
Written by Claudia Preedy, a leading analyst in the B2B sector, her extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
A key focus for distribution network operators is the development and roll-out of innovative smart grid technologies to support the growing clean energy capacity coming onto the grid and to help the transition to a more flexible energy system. According to government estimates, smart grids could also reduce the cost of additional distribution reinforcement between £2.5 billion and £12 billion by 2050.
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.
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