Industry Analysis & Industry Trends
The UK Electricity Supply industry was liberalised in 1999. The market is regulated by Ofgem in Britain and by NIAUR in Northern Ireland. The industry is expected to grow at a compound annual rate of 4.1% over the five years through 2016-17, taking its revenue to a total of £35.3 billion, including growth of 1.1% in the current year. The volume of electricity consumed has decreased over the period, as industrial production faltered and rising prices encouraged many households to invest in more efficient insulation in order to reduce their energy bills. Total consumption is expected to remain subdued over 2016, exacerbated by economic uncertainty arising from the EU referendum result... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Electricity Supply industry is in the mature stage of its life cycle. Although revenue is expected to continue expanding strongly, this growth is primarily due to rising electricity retail prices. Higher prices reflect the growing cost of generating electricity, both from renewable sources and from fossil fuels. As a result, industry value added is expected to grow at a compound annual rate of 2.4% over the 10 years through 2021-22, even though the volume of output is expected to contract over the same period. The UK economy is expected to grow at a compound annual rate of 2.3% over the same period. This similar rate of growth is indicative of a mature life cycle stage.
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