Industry Analysis & Industry Trends
The Electricity Distribution industry is expected to generate revenue of £5.48 billion in 2012-13, up from £4.98 billion in 2007-08, yielding average annual growth of 1.9%. Higher prices more than offset a fall in the volume of electricity transported along the low-voltage distribution network. Industry revenue is expected to increase 2.5% in 2012-13, and the industry is expected to account for about 0.2% of the United Kingdom's GDP. As the industry neither exports nor imports electricity, the size of the local market matches industry revenue. Electricity distribution businesses are regional monopolies, so their pricing is regulated.
The industry will employ 10,396 people and pay £568 million in wages in 2012-13... purchase to read more
Industry Report - Industry Analysis Chapter
Electricity distributors are regional monopolies regulated by the Office of the Gas and Electricity Markets (Ofgem). Ofgem describes its principal role as protecting the interests of consumers in terms of both distribution charges and service, and this approach informs its pricing decisions. The performance of electricity distributors over the five years through 2012-13 reflects permitted increases in the price for distribution services and changes in the volume of electricity transported. In 2012-13, industry revenue is forecast to grow by 2.5% to £5.48 billion.
Firms hit hard by the financial crisis, including those operating in this industry, have sought to rebuild their balance sheets... purchase to read more