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SUMMARY
Overview
Introduction
A pan-European energy market remains a distant prospect.By analyzing the
profitability of leading European utilities across individual markets, it is
possible to examine how market share, levels of competition and liberalization
impact profitability.
Scope
- Insight and data on the national versus regional competitive focus of
leading power and gas utilities.
- An examination of leading utility market shares across Europe and their
correlation to profitability in those markets.
- An understanding of profitability levels across European markets, and how
this corresponds to levels of gas and power market liberalisation.
Report Highlights
14 of 27 Key Player power utilities are solely focused on their home markets.
23 of 27 Key Player power utilities do business almost entirely in their
competitive arenas.
The level of a utility's market share does not, on average, have an impact on
its profitability. However, the number of Key Players within a market has a
strong impact on the profitability of utilities within that market.
A comparison of Key Player profitability with both gas and power market MCI
scores demonstrates that there is a strong negative correlation between gas
market liberalisation and utility profitability. However, the negative
relationship is not as strong between power market liberalisation and utility
profitability.
Reasons to Purchase
- Understand which markets are the most profitable and what factors explain
their profitability.
- Understand how market share and leading utility concentration impact
profitability across Europe.
- Visualise the competitive structure of power and gas markets and the
market focus of leading utilities.
TABLE OF CONTENTS
- DATAMONITOR VIEW
- ANALYSIS
- A pan-European energy market remains a distant prospect
- Europe's utility landscape can be grouped into six competitive arenas
- Key Player data shows energy markets are still predominantly national
in scope
- The Key Players are drawn from across a diverse range of markets
- The gas utility competitive space is still overwhelmingly national in
scope
- The power utility competitive space is still overwhelmingly regional
in scope
- High market concentration reduces utility profitability
- Competition within concentrated markets reduces return on sales
- Market dominance does not drive utility profitability in gas markets
- Market dominance does not drive utility profitability in power markets
- The most profitable utilities are based in the Nordic, CEE and EUCC
competitive arenas
- The more Key Players there are in a market, the less profitable it is
- Market liberalisation tends to reduce utility profitability
- There is a strong link between the level of gas market liberalisation
and profitability
- The MCI Index shows how attractive a particular market is to new
entrants in terms of the competitive environment
- The MCI assessment draws on nine underlying metrics: Market Framework,
Supplier Push and Customer Pull
- The most profitable Key Player gas markets are the least liberalised
- Profitability is linked to low levels of power market liberalisation
- Increasing liberalisation drives new market entry
- APPENDIX
- Glossary
- Methodology
- Further Reading
- Datamonitor Consultancy
- List of Figures
- Figure 1: European Competitive Arenas
- Figure 2: Key Player Profiles: Revenue and Domicile
- Figure 3: Gas Utilities: Geographic focus
- Figure 4: Power Utilities: Geographic focus
- Figure 5: Gas Utilities: Relationship between market dominance and
return on sales
- Figure 6: Power Utilities: Relationship between market dominance and
return on sales
- Figure 7: Average return on sales by market for Key Players
- Figure 8: Number of Key Players per market
- Figure 9: Market Competitive Intensity Index: Assessment scale
- Figure 10: Market Competitive Intensity Index: Assessment framework
- Figure 11: Gas Market Competitive Intensity per market
- Figure 12: Power Market Competitive Intensity per market
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