Weak current: Lower wholesale prices and rising competition caused revenue to fall

The Electricity Supply industry was opened to competition in 2005 and the market is regulated by the Commission for Regulation of Utilities (CRU). The industry is highly concentrated but concentration has been diluted over the past five years, as the CRU has invested heavily to promote market competition. Consequently, a number of new firms have entered the industry including Energia, Pinergy and PrePayPower, bringing the total number of operators to 12. According to the latest data from the CRU, in 2017, the total number of electricity supply customers was 2.3 million and total consumption was almost 26 million megawatts hours. This represents a 3.5% increase in customer numbers and a 2.8% increase in consumption compared with 2016...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry revenue has broadly followed trends in the wholesale price of electricity over the past five years
  • The EU carbon price is expected to rise in the current year, contributing to rising wholesale electricity prices
  • The UK's exit from the European Union is likely to have significant regulatory implications for the industry
  • Industry Report - Industry Key Buyers Chapter

    The industry's level of market share concentration is estimated to be high but has fallen over the past five years, as the dominance of Electric Ireland has been eroded. The four largest companies in the industry – Electric Ireland, Bord Gais Energy Ltd, SSE Airtricity and Viridian Energy Ltd – are estimated to hold a combined market share of more than 80%. The Commission for Regulation of Utilities, the industry regulator, has been encouraging domestic customers to consider switching suppliers in order to find the most suitable tariff for their needs. This strategy is intended to increase competition and offer consumers the best prices. As more operators have entered the industry over the past five years, the level of concentration has decreased...purchase to read more.

    Additional Insights for the Electricity Supply Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electricity Supply Industry are

  • Ensuring pricing policy is appropriate
  • Ability to effectively manage risk
  • Must have licence
  • IBISWorld analysts also discuss how external factors such as Total electricity consumption and Industrial production index in the Electricity Supply industry impact industry performance..

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    What's in this report

    What is the Electricity Supply in Ireland Industry?

    Operators in this industry purchase electricity from generators and sell it to households and businesses.

    Industry Products
  • Electricity retailing
  • Industry Activities
  • Selling electricity to end users
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total electricity consumption
  • Industrial production index
  • Modified real disposable income per capita
  • EU carbon price

  • Current Performance
    Market mixWholesale pricesGreen energy
  • Chart: Revenue Growth

  • Industry Outlook
    InterconnectedExit uncertainty
  • Table: Electricity Supply Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electricity Supply Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Ireland

  • Key Selling Industries
  • Electricity Distribution in Ireland
  • Electricity Production in Ireland
  • Electricity Transmission in Ireland

  • Products & Services
  • Electricity retailing
  • Chart: Electricity Supply Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing industries
  • Households
  • Commercial premises
  • Agricultural industries
  • Other
  • Chart: Major Market Segmentation for the Electricity Supply Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Transmission and distribution charges
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Electricity Supply

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electricity Supply Industry

  • Industry Globalization
    Electric Ireland, Bord Gais Energy Ltd, SSE Airtricity Ltd,
  • Table: Electric Ireland - financial performance
  • Table: Bord Gais Energy Ltd - financial performance
  • Table: SSE Airtricity Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electricity Supply Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electricity Supply Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Integrated Single Electricity Market (I-Sem)
  • The wholesale electricity market operating in the Republic of Ireland and Northern Ireland.
  • Smart Meter
  • A meter that records users' consumption and then transmits the information to the utility supplier at regular intervals.
  • Therm
  • A unit of heat energy equal to 100,000 British thermal units (Btu).
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electricity Supply in Ireland market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electricity Supply in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electricity Supply in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electricity Supply in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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