Table of Contents
1. EXECUTIVE SUMMARY 1
2. INTRODUCTION 4
2.1 Definitions 5
2.2 Methodology 5
2.3 Abbreviations 5
2.4 Market Positioning 6
2.4.1 Customers 8
2.4.2 Suppliers 9
2.5 UK Economy 11
2.6 Market Factors 14
2.6.1 Social Factors 15
2.6.2 Economic Factors 15
2.6.3 Environmental and Legislative Factors 16
3. MARKET SIZE AND TRENDS 20
3.1 Chapter Summary 21
3.2 Overview 21
3.3 Power Generation 24
3.4 Interruptible 25
3.5 Industrial 25
3.6 Commercial 26
3.7 Domestic 26
3.8 Regional Demand 31
3.9 Northern Ireland Gas Market 32
3.10 Gas Supply 33
3.11 Gas Prices 35
4. CAPITAL EXPENDITURE 37
4.1 Chapter Summary 38
4.2 Capital Expenditure 39
4.2.1 Introduction 39
4.2.2 Reported Capital Expenditure 41
4.2.3 Reported Repex Capital Expenditure 43
4.2.4 Overspend in Total Capital Expenditure 44
4.3 Forecast 46
4.3.1 Forecast Capital Expenditure 49
4.3.2 Forecast Repex Capital Expenditure 51
5. COMPANY PROFILES 54
5.1 Chapter Summary 55
5.2 Company Profiles 55
5.3 Development and Structure of the Gas Industry 55
5.3.1 National Grid Gas 56
5.3.2 Northern Gas Networks 58
5.3.3 Scotland Gas Networks 59
5.3.4 Southern Gas Networks 61
5.3.5 Wales & West Utilities 62
5.4 Gas Suppliers 63
5.4.1 British Gas Trading 63
5.4.2 EDF Energy 65
5.4.3 npower 66
5.4.4 Powergen Retail 68
5.4.5 SEEBOARD Energy Gas 70
5.4.6 ScottishPower Energy Retail 71
5.4.7 Southern Electric Gas 72
6. FORECAST 74
6.1 Chapter Summary 75
6.2 The Market 75
6.2.1 Distribution Networks Demand 75
6.2.2 Power Generation Demand 76
6.2.3 Industrial Demand 78
6.2.4 Imports 78
6.2.5 Exports 82
6.3 Gas Prices 83
6.4 The Industry 83
7. FURTHER SOURCES & CONTACTS 85
7.1 Trade Associations & Regulatory Bodies 86
7.2 Trade Exhibitions 86
7.3 Trade Magazines 86
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List of Tables
1: Segmentation of the Industrial Gas Consumption, by End Use Industries, UK,
2002-2006 22
2: Segmentation of Gas Consumption, by Non-Industrial Sectors, UK, 2002-2006 23
3: Gas Supplied for Electricity Generation, UK, 2003-2007 25
4: Gas Supplied to the Industrial Sector, UK 2003-2007 25
5: Gas Supplied to the Commercial Sector, UK 2002-2006 26
6: Analysis of the Development of Gas Supplies to the Domestic Sector, UK, 2003-2007 27
7: Segmentation of the UK Domestic Central Heating Market, by Type of Fuel, 2003-2007 27
8: UK Domestic Energy Consumption, by Fuel Type, 1995-2006 29
9: Average UK Household Expenditure on Energy, by Fuel Type, 1995-2006 30
10: Features of Different Domestic Central Heating Fuels, by Type 31
11: Gas Sales and Customers by Region, Great Britain, 2006 32
12: Total Gas Supply, UK, 2003-2007 34
13: Average Wholesale Gas Prices, 1996-2007 35
14: Total Gas Distribution Capital Expenditure, 2003-2007 39
15: Gas Distribution Total Capital Expenditure, by GDNs, 2002/03-2006/07 40
16: Gas Distribution Total Capital Expenditure, by GDNs, 2002/03-2006/07 41
17: GDNs Reported Capital Expenditure, 2002/03-2006/07 41
18: Reported Capital Expenditure, by GDNs, 2002/03-2006/07 42
19: GDNs Repex Capital Expenditure, 2002/03-2006/07 43
20: Repex Capital Expenditure, by GDNs, 2002/03-2006/07 44
21: Overspend On Capital and Non-Mains Repex Capital Expenditure, 2002/03-2006/07 45
22: Overspend On Capital and Non-Mains Repex Capital Expenditure, by GDNs,
2002/03-2006/07 45
23: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 47
24: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 47
25: Forecast Gas Distribution Total Capital Expenditure, 2007/08-2012/13 48
26: Forecast Gas Distribution Total Capital Expenditure, by GDNs, 2007/08-2012/13 49
27: Forecast Allowed Capital Expenditure, 2007/08-2012/13 50
28: Forecast Allowed Capital Expenditure, by GDNs, 2007/08-2012/13 51
29: Forecast Repex Capital Expenditure, 2007/08-2012/13 52
30: Forecast Repex Capital Expenditure, by GDNs, 2007/08-2012/13 52
31: Structure of the Distribution Network Operators, as of February 2008 56
32: Financial Analysis of National Grid Gas, 2003-2007 57
33: Key Financial Ratios for National Grid Gas, 2003-2007 57
34: Financial Analysis of Northern Gas Networks, 2005-2006 58
35: Key Financial Ratios for Northern Gas Networks, 2005-06 59
36: Financial Analysis of Scotland Gas Networks, 2005-2007 60
37: Key Financial Ratios for Scotland Gas Networks, 2005-2007 60
38: Financial Analysis of Southern Gas Networks, 2005-2007 61
39: Key Financial Ratios for Southern Gas Networks, 2005-2007 62
40: Financial Analysis of Wales & West Utilities, 2006-2007 62
41: Key Financial Ratios for Wales & West Utilities, 2006-2007 63
42: Financial Analysis of British Gas Trading, 2002-2006 64
43: Key Financial Ratios for British Gas Trading, 2002-2006 64
44: Financial Analysis of EDF Energy, 2002-2006 65
45: Key Financial Ratios for EDF Energy, 2002-2006 66
46: Financial Analysis of Npower, 2002-2006 66
47: Key Financial Ratios for Npower, 2002-2006 67
48: Financial Analysis of Npower Gas, 2002-2006 67
49: Key Financial Ratios for Npower Gas, 2002-2006 68
50: Financial Analysis of Powergen Retail, 2002-2006 69
51: Key Financial Ratios for Powergen Retail, 2002-2006 69
52: Financial Analysis of SEEBOARD Energy Gas, 2002-2006 70
53: Key Financial Ratios for SEEBOARD Energy Gas, 2002-2006 70
54: Financial Analysis of ScottishPower Energy Retail, 2002-2006 71
55: Key Financial Ratios for ScottishPower Energy Retail, 2002-2006 72
56: Financial Analysis of Southern Electric Gas, 2002-2006 72
57: Key Financial Ratios for Southern Electric Gas, 2002-2006 73
58: Forecast Gas Supply and Demand, 2006/2007-2016/2017 75
59: Forecast Gas Demand by the Distribution Networks, 2008-2016 76
60: Forecast Power Generation Share by Fuel Type, 2007/2008-2016/2017 77
61: Forecast Gas Demand for NTS Power Generation, 2008-2016 77
62: Forecast Gas Demand in the Industrial Sector, 2008-2016 78
63: Import Terminals under Construction and Proposed Projects 79
64: Forecast Gas Supply and Demand, by Source, 2006/2007-2016/2017 81
65: Forecast Annual Supplies Level, by Terminal, 2006/2007-2010/2011 82
66: Forecast Annual Supplies Level, by Terminal, 2011/2012-2016/2017 82
67: Forecast NTS Exports of Gas, 2008-2016 83 |
