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 14
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 28
3.9 Northern Ireland Gas Market 29
3.10 Gas Supply 30
3.11 Gas Prices 31
4. CAPITAL EXPENDITURE 33
4.1 Chapter Summary 34
4.2 Capital Expenditure 35
4.2.1 Introduction 35
4.2.2 Reported Capital Expenditure 38
4.2.3 Reported Repex Capital Expenditure 40
4.2.4 Overspend in Total Capital Expenditure 43
4.3 Forecast 45
4.3.1 Forecast Capital Expenditure 48
4.3.2 Forecast Repex Capital Expenditure 49
5. COMPANY PROFILES 52
5.1 Chapter Summary 53
5.2 Company Profiles 53
5.3 Development and Structure of the Gas Industry 53
5.3.1 National Grid Gas 54
5.3.2 Northern Gas Networks 56
5.3.3 Scotland Gas Networks 57
5.3.4 Southern Gas Networks 59
5.3.5 Wales & West Utilities 60
5.4 Gas Suppliers 61
5.4.1 British Gas Trading 61
5.4.2 EDF Energy 62
5.4.3 Npower 64
5.4.4 E.ON Energy (Formerly Powergen Retail) 66
5.4.5 ScottishPower Energy Retail 67
5.4.6 Southern Electric Gas 69
6. FORECAST 71
6.1 Chapter Summary 72
6.2 The Market 72
6.2.1 Distribution Networks Demand 73
6.2.2 Power Generation Demand 73
6.2.3 Industrial Demand 75
6.2.4 Imports 76
6.2.5 Exports 79
6.3 Gas Prices 80
6.4 The Industry 81
7. FURTHER SOURCES & CONTACTS 82
7.1 Trade Associations & Regulatory Bodies 83
7.2 Trade Exhibitions 83
7.3 Trade Magazines 83
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List of Tables
1: Segmentation of the Industrial Gas Consumption, by End Use Industries, UK,
2004-2008 22
2: Segmentation of Gas Consumption, by Non-Industrial Sectors, UK, 2004-2008 23
3: Gas Supplied for Electricity Generation, UK, 2004-2008 25
4: Gas Supplied to the Industrial Sector, UK 2004-2008 25
5: Gas Supplied to the Commercial Sector, UK 2004-2008 26
6: Analysis of the Development of Gas Supplied to the Domestic Sector, UK, 2004-2008 27
7: Segmentation of the UK Domestic Central Heating Installations, by Type of Fuel,
2005-2009 27
8: Gas Sales and Customers by Region, Great Britain, 2008 29
9: Total Gas Supply, UK, 2005-2009 30
10: Average Wholesale Gas Prices, 1996-2009 32
11: Total Gas Distribution Capital Expenditure, 2004/05-2008/09 35
12: Gas Distribution Total Capital Expenditure, by GDNs, 2002/03-2006/07 36
13: Gas Distribution Total Capital Expenditure, by GDNs, 2002/03-2006/07 37
14: Gas Distribution Total Capital Expenditure, by GDNs, 2006/07 and 2007/08 38
15: GDNs Reported Capital Expenditure, 2002/03-2006/07 38
16: Reported Capital Expenditure, by GDNs, 2002/03-2006/07 39
17: Gas Distribution Net Capital Expenditure, by GDNs, 2006/07 and 2007/08 40
18: GDNs Repex Capital Expenditure, 2002/03-2006/07 41
19: Repex Capital Expenditure, by GDNs, 2002/03-2006/07 42
20: Gas Distribution Net Replacement Expenditure, by GDNs, 2006/07 and 2007/08 43
21: Overspend On Capital and Non-Mains Repex Capital Expenditure, 2002/03-2006/07 44
22: Overspend On Capital and Non-Mains Repex Capital Expenditure, by GDNs,
2002/03-2006/07 44
23: Overspend On Capital and Non-Mains Repex Capital Expenditure, 2006/07 and
2007/08 45
24: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 46
25: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 47
26: Forecast Gas Distribution Total Capital Expenditure, 2009/10-2013/14 47
27: Forecast Gas Distribution Total Capital Expenditure, by GDNs, 2008/09-2012/13 48
28: Forecast Allowed Capital Expenditure, 2008/09-2012/13 48
29: Forecast Allowed Capital Expenditure, by GDNs, 2008/09-2012/13 49
30: Forecast Repex Capital Expenditure, 2008/09-2012/13 50
31: Forecast Repex Capital Expenditure, by GDNs, 2008/09-2012/13 50
32: Structure of the Distribution Network Operators, as at March 2010 54
33: Financial Analysis of National Grid Gas, 2005-2009 55
34: Key Financial Ratios for National Grid Gas, 2005-2009 55
35: Financial Analysis of Northern Gas Networks, 2005-2008 56
36: Key Financial Ratios for Northern Gas Networks, 2005-2008 57
37: Financial Analysis of Scotland Gas Networks, 2005-2009 58
38: Key Financial Ratios for Scotland Gas Networks, 2005-2009 58
39: Financial Analysis of Southern Gas Networks, 2005-2009 59
40: Key Financial Ratios for Southern Gas Networks, 2005-2009 60
41: Financial Analysis of Wales & West Utilities, 2006-2009 61
42: Key Financial Ratios for Wales & West Utilities, 2006-2009 61
43: Financial Analysis of British Gas Trading, 2004-2008 62
44: Key Financial Ratios for British Gas Trading, 2004-2008 62
45: Financial Analysis of EDF Energy, 2004-2008 63
46: Key Financial Ratios for EDF Energy, 2004-2008 64
47: Financial Analysis of Npower, 2004-2008 64
48: Key Financial Ratios for Npower, 2004-2008 65
49: Financial Analysis of Npower Gas, 2004-2008 65
50: Key Financial Ratios for Npower Gas, 2004-2008 66
51: Financial Analysis of E.ON Energy, 2004-2008 67
52: Key Financial Ratios for E.ON Energy, 2004-2008 67
53: Financial Analysis of ScottishPower Energy Retail, 2004-2008 68
54: Key Financial Ratios for ScottishPower Energy Retail, 2004-2008 68
55: Financial Analysis of Southern Electric Gas, 2005-2009 69
56: Key Financial Ratios for Southern Electric Gas, 2005-2009 70
57: Forecast Gas Supply and Demand, 2008/09-2018/19 72
58: Forecast Gas Demand by the Distribution Networks, 2009-2018 73
59: Forecast Power Generation Share by Fuel Type, 2009/2010-2020/2021 74
60: Forecast Gas Demand for NTS Power Generation, 2010-2018 75
61: Forecast Gas Demand in the Industrial Sector, 2008-2017 75
62: Existing Import Terminals, Completed 76
63: Import Terminals under Construction and Proposed Projects 77
64: Forecast Gas Supply, by Source, 2009/2010-2018/2019 78
65: Forecast Annual Supplies Level, by Terminal, 2009/2010-2018/2019 79
66: Forecast NTS Exports of Gas, 2010-2018 80 |
