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UK Power Market Outlook to 2035, Update 2024 - Market Trends, Regulations, and Competitive Landscape

Publisher GlobalData
Published Oct 23, 2024
Length 103 Pages
SKU # GBDT19567271

Description

UK Power Market Outlook to 2035, Update 2024 - Market Trends, Regulations, and Competitive Landscape

Summary

This report discusses the power market structure of UK and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.

Scope
  • Snapshot of the country’s power sector across parameters - macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
  • Statistics for installed capacity, generation, and consumption from 2015 to 2023, and forecast for the next 12 years to 2035
  • Capacity, generation, and major power plants by technology
  • Data on leading active and upcoming power plants
  • Information on transmission and distribution infrastructure, and electricity imports and exports
  • Policy and regulatory framework governing the market
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis
Reasons to Buy
  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identify key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy, and prospects

Table of Contents

103 Pages
1 Executive Summary
1.1 UK may miss 50GW offshore wind capacity target.
1.2 UK will continue unabated gas in the electricity market beyond 2030.
2 Introduction
2.1 UK Power Market
2.2 GlobalData Report Guidance
3 UK Power Market, Snapshot
3.1 Country Summary
3.2 Macroeconomic Factors
3.3 Supply Security
3.4 Opportunities
3.5 Challenges
3.6 Geopolitical crisis
4 UK Power Market, Market Analysis
4.1 Market Structure
4.2 Key Market Players
4.3 Financial Deals
Deal Value and Volume, 2015–2023
Deals by Type, 2023
4.4 UK Power Market, Demand Structure
Power Consumption by Sector, 2023
4.5 UK Power Market, Drivers, Restraints, and Challenges
Drivers
Restraints
5 Renewable Energy Policy, UK
5.1 Renewable Energy Market, Overview
5.2 Policy Snapshot
5.3 Renewable Energy Targets
5.4 Electricity Market Reform 2011
5.5 Climate Change Act
5.6 The Clean Growth Strategy and Clean Growth Grand Challenge
5.7 Carbon Reduction target 2030
5.8 Hydrogen Policy in the UK
Overview
The Prime Minister’s Ten Point Plan 2020
Hydrogen Strategy
Powering our Net Zero Future: White Paper
Sixth Carbon Budget Report issued by the Climate Change Committee
Sector Development Action Plan
5.9 Renewable Energy Guarantees of Origin
5.1 Renewable Obligation Order
5.11 Contracts for Difference (CfD)
5.12 Impact of Brexit on UK energy industry
5.13 Carbon Emissions Tax 2018
5.14 Carbon Price Floor (CPF)
5.15 Carbon Price Support
5.16 Climate Change Levy
5.17 Smart Metering
5.18 Smart Exposure Guarantee (SEG)
5.19 Strategies and legislation in Northern Ireland, Scotland and Wales
Northern Ireland
Scotland
Wales
5.2 Review of Electricity Market Arrangements (REMA)
5.21 British Energy Security Strategy
Package of support for innovative energy
Net Zero Strategy
6 UK Power Market, Capacity and Generation
6.1 Cumulative Capacity Share by Technology, 2023
6.2 Total Power Capacity and Generation, 2015–2035
6.3 Thermal Power Capacity and Generation, 2015–2035
6.4 Hydropower Capacity and Generation, 2015–2035
6.5 Nuclear Power Capacity and Generation, 2015–2035
6.6 Renewable Power Capacity and Generation, 2015–2035
7 UK Power Market, Transmission and Distribution Overview
7.1 Transmission Network
7.2 Distribution Network
7.3 Electricity Import and Export
7.4 Grid Interconnection
7.5 Electricity Trading
8 UK Power Market, Major Generating Companies
8.1 RWE AG
Company Overview
Business Description
SWOT Overview
8.2 SSE Plc
Company Overview
Business Description
SWOT Overview
8.3 Uniper SE
Company Overview
Business Description
SWOT Overview
8.4 Electricite de France SA
Company Overview
Business Description
SWOT Overview
8.5 Energeticky a Prumyslovy Holding AS
Company Overview
Business Description
SWOT Overview
9 Appendix
9.1 Abbreviations
9.2 Methodology
Coverage
Secondary Research
Primary Research
Modelling and Forecasting
10 About GlobalData
11 Contact Us
List of Tables
Table 1: Power Market, UK, Macroeconomic Factors, 2015–2030
Table 2: Policy Snapshot, UK, 2023
Table 3: Capacity auctions held until 2024.
Table 4: Renewable Obligation, Technology Eligibility, UK
Table 5: Renewable Obligation (ROC/MWh), UK, 2009–2023
Table 6: Renewable Energy, CfD First Allocation Round Results, UK, 2015
Table 7: Renewable Energy, CfD Second Allocation Round Results, UK, 2017
Table 8: Renewable Energy, CfD Third Allocation Round Results, UK, 2019
Table 9: Renewable Energy, CfD Fourth Allocation Round Results, UK, 2022
Table 10: Renewable Energy, CfD Fifth Allocation Round Results, UK, 2023
Table 11: Carbon Price Support (CPS) rates of Climate Change Levy (CCL) in Great Britain
Table 12: Climate Change Levy (GBP/kWh or /kg), UK, 2016–2021
Table 13: Percentage Discount for CCA holders (%), UK, 2016–2021
Table 14: Carbon Price Support Rates* for Climate Change Levy, UK, 2015–2021
Table 15: Suppliers Rates for Smart Export Guarantee (1st April 2023 – 31st March 2024)
Table 16: Smart Export Guarantee Tariff, UK, 2022
Table 17: Power Market, UK, Cumulative Capacity and Annual Generation, 2015–2035
Table 18: Power Market, UK, Cumulative Capacity and Annual Generation Share by Technology, 2015–2035
Table 19: Thermal Power Market, UK, Cumulative Capacity and Annual Generation, 2015–2035
Table 20: Thermal Power Market, UK, Major Plants, 2023
Table 21: Hydropower Market, UK, Cumulative Capacity and Annual Generation, 2015–2035
Table 22: Hydropower Market, UK, Major Plants, 2023
Table 23: Nuclear Power Market, UK, Cumulative Capacity and Annual Generation, 2015–2035
Table 24: Nuclear Power Market, UK, Major Plants, 2023
Table 25: Renewable Power Market, UK, Cumulative Capacity (GW), 2015–2035
Table 26: Renewable Power Market, UK, Annual Generation (TWh), 2015–2035
Table 27: Renewable Power Market, UK, Major Plants, 2023
Table 28: Power Market, UK, Transmission Line Length (Ckm) by Voltage Level, 2015–2028
Table 29: Power Market, UK, Distribution Line Length (Ckm) by Voltage Level, 2015–2028
Table 30: Power Market, UK, Annual Electricity Import and Export in TWh, 2015–2023
Table 31: Power Market, UK, Upcoming Interconnection Projects
Table 32: Abbreviations
List of Figures
Figure 1: Power Market, UK, Offshore Wind Cumulative Capacity, 2023–2030
Figure 2: Power Market, UK, Natural Gas Cumulative Capacity in GW, 2023–2035
Figure 3: Power Market, UK, Country Summary
Figure 4: Power Market, UK, Macroeconomic Factors, 2015–2030
Figure 5: Power Market, UK, Market Structure
Figure 6: Power Market, UK, Market Share of Generation Companies (%), 2023
Figure 7: Power Market, UK, Deal Value and Number of Deals, 2015–2023
Figure 8: Power Market, UK, Deals by Type (%), 2023
Figure 9: Power Market, UK, Annual Power Consumption, 2015–2035
Figure 10: Power Market, UK, Power Consumption by Sector (%), 2023
Figure 11: Power Market, UK, Cumulative Capacity Share by Technology (%), 2023
Figure 12: Power Market, UK, Cumulative Capacity and Annual Generation, 2015–2035
Figure 13: Power Market, UK, Capacity Share by Technology, 2015–2035
Figure 14: Power Market, UK, Annual Generation Share by Technology, 2015–2035
Figure 15: Thermal Power Market, UK, Cumulative Capacity and Annual Generation, 2015–2035
Figure 16: Hydropower Market, UK, Cumulative Capacity and Annual Generation, 2015–2035
Figure 17: Nuclear Power Market, UK, Cumulative Capacity and Annual Generation, 2015–2035
Figure 18: Renewable Power Market, UK, Cumulative Capacity, 2015–2035
Figure 19: Renewable Power Market, UK, Annual Generation, 2015–2035
Figure 20: Power Market, UK, Annual Electricity Import and Export, 2015–2023

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