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RELEASED: OCTOBER 2008
After researching the UK electricity supply & distribution market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 2002/03-2006/07:
Government data indicates total UK electricity usage increased during the first half of the review period, reaching a peak of 346 476 Gwh in 2005. However, total usage has been reduced by a modest 1% during both 2006 and 2007, to 341 945 Gwh in the latter year. Nonetheless, overall between 2003 and 2007 total UK electricity usage has been increased by a moderate 2%.
The domestic sector consistently accounted for the largest proportion of total electricity usage during the review period, representing 34% of the total in 2007, equivalent to 115 050 Gwh consumed in the year. The commercial sector formed the second largest share of UK electricity usage, equivalent to 22% (75 235 Gwh). In contrast, construction remained at the periphery of UK electricity usage, representing just a marginal share of the total, equivalent to 1 599 Gwh during the same year.
MBD believe capital expenditure by the distribution network operators (DNOs) in the UK increased in every year under review, reaching £1298.8 million (net of contributions) in 2006/07. Annual growth rates fluctuated between 3% and 9% throughout the period under review, culminating in an overall increase of 29%. The need to extend the existing network to meet increasing demand is driving investment upwards.
MARKET FORECAST 2007/08-2011/12:
Electricity distribution network operators capital expenditure is projected to increase throughout the forecast period, albeit at moderate annual levels. In 2011/12, expenditure is expected to increase by 2% in real terms to £1438.8 million (at 2006/07 prices), representing overall real term growth of 11% compared with the latter year of the review period. Anticipated growth is a reflection of increased demand along with the need to repair and replace the ageing infrastructure.
NOTE TO EDITORS:
MBD specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.
Click here for full details of the UK Electricity Supply & Distribution Business Research Report
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