Our view that the UK's Conservative government will focus on energy security and affordability at the expense of renewable energy policies is firmly in play. Energy security and the construction of new gas power plants could be boosted by the implementation of a capacity mechanism and falling gas prices, while efforts to improve transparency in the utilities sector could create greater competition and a better deal for consumers.
Many of the views we outlined ahead of the UK's May 2015 general election are firmly in play - with a clear Conservative majority at least giving investors and utilities some clarity over future energy policy. With regards to our key views, we maintain that Prime Minister David Cameron and his Conservative government will struggle to balance concerns about energy security, affordability and green energy policies - the so-called 'energy trilemma'. We maintain that the government will focus on the first two areas at the expense of policies associated with renewables and sustainability. A series of cuts to onshore wind and solar subsidies, as well as roll back on a number of energy efficiency measures and the sale of the Green Investment Bank, support this view.
Full Report Details at
- http://www.fastmr.com/prod/1044781_united_kingdom_power_report.aspx?afid=301
In the traditional power segment, we maintain that the biggest challenges facing the government relate to energy security. National Grid, which operates the majority of the UK's grid network, stated in July 2015 that UK power capacity margins will fall to their lowest level in a decade over winter 2015/2016 due to an absence of investment in new power plant capacity. The closure of coal plants to comply with tightening EU emission regulations and weak margins on gas-fired power plants due to low wholesale electricity prices will mean that capacity margins remain tight over the next few years. This will continue until market dynamics - or government incentives - lead to the construction of new gas or nuclear capacity.
The United Kingdom Power Report features BMI Research's market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.
The United Kingdom Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.
Key Benefits
* Use BMI's independent industry forecasts for United Kingdom to test other views - a key input for successful budgeting and strategic planning in the power market.
* Target business opportunities and risks United Kingdom's power sector
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New Report Available: United Kingdom Power Report Q4 2015
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001