The power market of the UK was initially a nationalized sector which has now been completely privatized with a strong, independent regulatory framework to protect the interest of the various stakeholders. The UK’s electricity market consists of a wholesale power market for power-related transactions between generators, suppliers and large consumers, transmission and distribution networks at regional and national levels, and a retail market. The national transmission system in England and Wales is owned and operated by National Grid, whereas in Scotland, it’s owned by SSE and SP. Northern Ireland Electricity (NIE), operates the grid in Northern Ireland.
Most electricity generation in the UK comes from conventional thermal sources, followed by nuclear, hydroelectricity and other renewable energy sources. The industrial sector's share of electricity demand has declined since 2005. This decline was mainly the result of the economy's continued shift toward a service-based economy but also to some extent as a result of improved efficiency.
EDF Energy, RWE npower Plc, E.ON UK and Scottish Power Plc are the top players in the industry. The UK has stressed the importance of the development of the renewable sector in order to reduce carbon emissions and respond to the problem of depleting fossil fuel reserves. The UK government has an EU target for renewable energy of 15% by 2020.
Aruvian Research analyzes the Power Market in the UK in its research offering Analyzing the Power Market in United Kingdom. The report begins with a brief profile of the global energy industry and moves on to analyze the power situation in Western Europe. We analyze the power sources in the region as well as power consumption and generation statistics. We also include a geographic segmentation of the power market in Western Europe.
Moving on to the analysis of the power industry in the UK we look at industry statistics, the power consumption in UK, installed capacity of power in the country as well as the regulations impacting the power industry.
The various power sources in UK are also analyzed such as thermal power sources, renewable energy sources as well as nuclear power sources amongst others. The power trade in UK is also looked at. Next we look at the power transmission and distribution network as well in UK along with a brief profile of the electric grid in the country. Major power projects in the UK are also analyzed.
The report wraps up with an analysis of the major industry players as well as the competition in the industry.