Abstract
Overview
Introduction
The stated objective of the European Commission to create a single European
energy market continues to be frustrated by the widely divergent nature of EU
25 markets. These differences manifest themselves in every aspect of the
industry, though most notably in terms of competitive intensity. As such, a
single European energy market remains a distant possibility rather than an
imminent reality
Scope
- Insight into competitive intensity levels currently prevailing, and
forecast to be prevailing in 2008, across 20 energy markets in and around
Europe
- Analysis of the structural differences in gas and power demand across
these markets
- Examples of markets where compliance with the gas and power directives has
either exceeded, or significantly lagged, the requirements of EU directives
- Analysis of which markets are likely to increase in attractiveness in the
year after full market opening in July 2007
Report Highlights
Only 9 of the gas markets in the EU have per capita demand levels higher than
the EU 25 average of 1,039 cubic metres per year. Conversely in the power
market there is significantly less divergence away from EU 25 average demand
levels
There has been a discernable increase in the regulatory strength of the
Commission in terms of directive compliance and in catalysing liberalisation.
Initially taking the form of censuring member states not in full compliance
with the terms of the gas and power directives, the focus has now turned
towards the actions and dominance of companies
The degree of diversity, and resultant spread of competitive intensity levels
across Europe, is an inevitable consequence of wide-ranging market dynamics,
national energy polices and political history. Consequently there is only
minimal scope for mitigation of these diversities in order to assist the
development of a single European energy market
Reasons to Purchase
- Gain a quantitative and qualitative insight into current and future levels
of European gas and power market competitive intensity
- Understand how the structural differences in the nature of individual gas
and power markets frustrate progress towards a single European energy market
- Understand how the advent of full market opening will result in increased
levels of European energy market competitive intensity
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