Heating off: Gas retail prices may increase upon the UK's exit from the European Union

The Gas Supply industry was opened to competition in 2007, and the market is regulated by the Commission for Regulation of Utilities (CRU). The industry is highly concentrated but this has been diluted over the past five years, as CRU has invested heavily to promote market competition. Consequently, a number of new firms have entered the industry, bringing the total number of operators to an estimated 10 in 2018. According to the latest data from the Commission for Regulation of Utilities (CRU), the total number of gas customers in 2017 was 685,975 and total consumption was 30,311 gigawatt hours.Operators in the Gas Supply industry purchase gas from the wholesale market and sell it to end users via the distribution network...read more.

Industry Statistics & Market Size
Revenue
€1bn
Annual Growth 13-18
-0.9%
Forecast Growth 18-23
Profit
Employment
727
Businesses
10
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The declining cost of imported gas has relieved some of the pressure on profit margins recently
  • The CRU has invested heavily in promoting competition, supporting new entrants to the industry
  • A rollout of smart meters is anticipated to support employment growth but also increase costs
  • Industry Report - Industry Investment Chapter

    The Gas Supply industry has a high level of capital intensity. For every €1.00 that operators spend on capital, €2.05 is expected to be spent on labour. The industry is characterised by low spending on both labour and capital, as neither are required in particularly excessive amounts for successful operation.The Gas Supply industry's major capital expense are related to the IT systems required to administer customer acquisitions, maintain customer information, bill customers, and manage cash collection. Wage requirements, although more substantial than depreciation, are relatively modest. The industry's major outlay is on gas purchased for sale to retail customers...purchase to read more.

    Additional Insights for the Gas Supply Industry

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

  • Ability to pass on cost increases
  • Access to required utility infrastructure
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as World price of natural gas and Gross disposable income of households in the Gas Supply industry impact industry performance..

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    What's in this report

    What is the Gas Supply in Ireland Industry?

    Firms in the industry purchase gas from the wholesale market and sell it to end users via the distribution network. The industry excludes firms that operate gas pipelines.

    Industry Products
  • Gas retailing
  • Industry Activities
  • Retail sale of gas
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of natural gas
  • Gross disposable income of households
  • Industrial production index
  • Number of businesses

  • Current Performance
    Gas pricesCompetition
  • Chart: Revenue Growth

  • Industry Outlook
    Smart metersGreen gasInterconnected
  • Table: Gas Supply Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers in Ireland

  • Key Selling Industries
  • Crude Petroleum & Natural Gas Extraction in Ireland
  • Gas Distribution in Ireland

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

  • Demand Determinants
    Major Markets
  • Large consumers
  • Households
  • Medium-sized non-domestic consumers
  • Industrial and commercial consumers
  • Chart: Major Market Segmentation for the Gas Supply Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

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

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gas 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 Gas Supply Industry
    Includes:
  • 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
    Renewable Gas
  • A biogas which has been upgraded to a quality similar to fossil natural gas and having a methane concentration of 90% or greater. A biogas is a gaseous form of methane obtained from biomass.
  • Smart Meter
  • An electrical meter that is fitted in households and business premises to record the level of gas and electrical consumption.
  • Therm
  • A unit of heat energy equal to 100,000 British thermal units (Btu).
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Gas Supply in Ireland market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Gas 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 Gas 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 Gas 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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