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 10
2.6 Market Factors 14
2.6.1 Social Factors 14
2.6.2 Economic Factors 15
2.6.3 Environmental and Legislative Factors 17
3. MARKET SIZE AND TRENDS 21
3.1 Chapter Summary 22
3.2 Overview 23
3.3 Power Generation 25
3.4 Interruptible 26
3.5 Industrial 26
3.6 Commercial 27
3.7 Domestic 27
3.8 Regional Demand 30
3.9 Northern Ireland Gas Market 31
3.10 Gas Supply 32
3.11 Gas Prices 34
4. CAPITAL EXPENDITURE 36
4.1 Chapter Summary 37
4.2 Capital Expenditure 38
4.2.1 Introduction 38
4.2.2 Reported Capital Expenditure 41
4.2.3 Reported Repex Capital Expenditure 44
4.2.4 Overspend in Total Capital Expenditure 46
4.3 Forecast 48
4.3.1 Forecast Capital Expenditure 51
4.3.2 Forecast Repex Capital Expenditure 53
5. COMPANY PROFILES 55
5.1 Chapter Summary 56
5.2 Company Profiles 56
5.3 Development and Structure of the Gas Industry 56
5.3.1 National Grid Gas 57
5.3.2 Northern Gas Networks 59
5.3.3 Scotland Gas Networks 60
5.3.4 Southern Gas Networks 62
5.3.5 Wales & West Utilities 63
5.4 Gas Suppliers 64
5.4.1 British Gas Trading 64
5.4.2 EDF Energy 66
5.4.2.1 SEEBOARD Energy Gas 67
5.4.3 Npower 68
5.4.4 E.ON Energy (Formerly Powergen Retail) 71
5.4.5 ScottishPower Energy Retail 72
5.4.6 Southern Electric Gas 73
6. FORECAST 75
6.1 Chapter Summary 76
6.2 The Market 76
6.2.1 Distribution Networks Demand 77
6.2.2 Power Generation Demand 78
6.2.3 Industrial Demand 79
6.2.4 Imports 80
6.2.5 Exports 84
6.3 Gas Prices 85
6.4 The Industry 86
7. FURTHER SOURCES & CONTACTS 87
7.1 Trade Associations & Regulatory Bodies 88
7.2 Trade Exhibitions 88
7.3 Trade Magazines 88
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List of Tables
1: Segmentation of the Industrial Gas Consumption, by End Use Industries, UK,
2003-2007 23
2: Segmentation of Gas Consumption, by Non-Industrial Sectors, UK, 2003-2007 24
3: Gas Supplied for Electricity Generation, UK, 2003-2007 26
4: Gas Supplied to the Industrial Sector, UK 2003-2007 27
5: Gas Supplied to the Commercial Sector, UK 2003-2007 27
6: Analysis of the Development of Gas Supplies to the Domestic Sector, UK, 2003-2007 28
7: Segmentation of the UK Domestic Central Heating Installations, by Type of Fuel,
2004-2008 29
8: Gas Sales and Customers by Region, Great Britain, 2007 31
9: Total Gas Supply, UK, 2004-2008 33
10: Average Wholesale Gas Prices, 1996-2009 35
11: Total Gas Distribution Capital Expenditure, 2002/03-2006/07 39
12: Gas Distribution Total Capital Expenditure, by GDNs, 2002/03-2006/07 39
13: Gas Distribution Total Capital Expenditure, by GDNs, 2002/03-2006/07 40
14: Gas Distribution Total Capital Expenditure, by GDNs, 2006/07 and 2007/08 41
15: GDNs Reported Capital Expenditure, 2002/03-2006/07 42
16: Reported Capital Expenditure, by GDNs, 2002/03-2006/07 42
17: Gas Distribution Net Capital Expenditure, by GDNs, 2006/07 and 2007/08 43
18: GDNs Repex Capital Expenditure, 2002/03-2006/07 44
19: Repex Capital Expenditure, by GDNs, 2002/03-2006/07 45
20: Gas Distribution Net Replacement Expenditure, by GDNs, 2006/07 and 2007/08 46
21: Overspend On Capital and Non-Mains Repex Capital Expenditure, 2002/03-2006/07 47
22: Overspend On Capital and Non-Mains Repex Capital Expenditure, by GDNs,
2002/03-2006/07 47
23: Overspend On Capital and Non-Mains Repex Capital Expenditure, 2006/07 and
2007/08 48
24: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 49
25: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 50
26: Forecast Gas Distribution Total Capital Expenditure, 2008/09-2012/13 50
27: Forecast Gas Distribution Total Capital Expenditure, by GDNs, 2008/09-2012/13 51
28: Forecast Allowed Capital Expenditure, 2007/08-2012/13 51
29: Forecast Allowed Capital Expenditure, by GDNs, 2007/08-2012/13 52
30: Forecast Repex Capital Expenditure, 2007/08-2012/13 53
31: Forecast Repex Capital Expenditure, by GDNs, 2007/08-2012/13 54
32: Structure of the Distribution Network Operators, as at March 2009 57
33: Financial Analysis of National Grid Gas, 2004-2008 58
34: Key Financial Ratios for National Grid Gas, 2004-2008 58
35: Financial Analysis of Northern Gas Networks, 2005-2007 59
36: Key Financial Ratios for Northern Gas Networks, 2005-2007 60
37: Financial Analysis of Scotland Gas Networks, 2005-2008 61
38: Key Financial Ratios for Scotland Gas Networks, 2005-2008 61
39: Financial Analysis of Southern Gas Networks, 2005-2008 62
40: Key Financial Ratios for Southern Gas Networks, 2005-2008 63
41: Financial Analysis of Wales & West Utilities, 2006-2008 64
42: Key Financial Ratios for Wales & West Utilities, 2006-2008 64
43: Financial Analysis of British Gas Trading, 2003-2007 65
44: Key Financial Ratios for British Gas Trading, 2003-2007 65
45: Financial Analysis of EDF Energy, 2002-2006 66
46: Key Financial Ratios for EDF Energy, 2002-2006 67
47: Financial Analysis of SEEBOARD Energy Gas, 2002-2006 67
48: Key Financial Ratios for SEEBOARD Energy Gas, 2002-2006 68
49: Financial Analysis of Npower, 2003-2007 69
50: Key Financial Ratios for Npower, 2003-2007 69
51: Financial Analysis of Npower Gas, 2002-2006 70
52: Key Financial Ratios for Npower Gas, 2002-2006 70
53: Financial Analysis of E.ON Energy, 2003-2007 71
54: Key Financial Ratios for E.ON Energy, 2003-2007 72
55: Financial Analysis of ScottishPower Energy Retail, 2003-2007 72
56: Key Financial Ratios for ScottishPower Energy Retail, 2003-2007 73
57: Financial Analysis of Southern Electric Gas, 2004-2008 74
58: Key Financial Ratios for Southern Electric Gas, 2004-2008 74
59: Forecast Gas Supply and Demand, 2007/08-2017/18 77
60: Forecast Gas Demand by the Distribution Networks, 2008-2017 77
61: Forecast Power Generation Share by Fuel Type, 2007/2008-2016/2017 78
62: Forecast Gas Demand for NTS Power Generation, 2008-2017 79
63: Forecast Gas Demand in the Industrial Sector, 2008-2017 80
64: Existing Import Terminals, Completed or Near Completion 81
65: Import Terminals under Construction and Proposed Projects 81
66: Forecast Gas Supply, by Source, 2007/2008-2017/2018 83
67: Forecast Annual Supplies Level, by Terminal, 2008/2009-2017/2018 84
68: Forecast NTS Exports of Gas, 2008-2017 84 |
