Industry Analysis & Industry Trends
The Electricity Transmission industry is expected to earn revenue of £3.35 billion in 2012-13, an increase of 6.7% on 2011-12. Growth of 3.5% per annum is expected for the five years through 2012-13 as transmission costs and the charges levied on grid users rise. The increase will occur despite a fall in the volume of electricity transmitted over the period. The financial crisis cut demand for electricity, especially from industrial users, and generally higher electricity prices have also led to energy conservation. The volume of electricity transmitted in 2012-13 is expected to total 356,843 gigawatt hours, up by 0.7% on the previous year... purchase to read more
Industry Report - Industry Investment Chapter
Electricity transmission is a capital intensive process. The ratio of wages to depreciation, at about 1:1.7, is well within the range for high capital intensity. Depreciation is a substantial cost item due to the high level of capital spending required to both maintain and expand the electricity transmission grid.
The UK government has a target of generating 40% of the United Kingdom's electricity from low-carbon sources by 2020. As part of this commitment, the government has signed legally binding EU targets to increase the use of renewable energy. To meet the 2020 target, renewable electricity will need to increase to about 30% of electricity generation... purchase to read more