Exclusive extracts from this 107-page-long report:
- What is the business?
The energy sector is complex and strongly interrelated with other sectors, including oil and gas, nuclear and renewables. The present report analyses the activities of utilities i.e. companies that generate, transport and distribute electricity and/or gas and sell them to industrial, commercial and residential consumers. The regional perimeter of the report is Europe. In addition to traditional activities, European utilities have been progressively expanding into new energy businesses such as e-mobility (electric car recharging infrastructure, second-life batteries, etc.), energy storage, off-grid and micro-grid systems, and distributed generation systems (generation of power for self-consumption by households and companies through roof-mounted solar panels, small wind turbines, etc.). […]
- What are the main markets?
Germany, France, Norway, Sweden and Ireland in north and western Europe, Portugal in the south, as well as the Czech Rep., Bulgaria, Romania, Serbia, Estonia and Slovenia in the central-east, were Europe's net exporters of electricity in 2016. Germany, France, Norway, Sweden and the Czech Rep. were by far the biggest countries in terms of net export output. [...]
- Who are the key players?
Large players such as EDF, Engie, Enel, RWE and E.ON, who are active throughout the entire energy value chain both within and outside Europe, dominate the European energy sector. They have traditionally competed mainly with regional players, such as Gas Natural Fenosa, SSE and Vattenfall, and, to a lesser extent, other small, national and municipal players. [...]
- How intense is competition?
Since 1998, liberalisation of power markets in the European Union has greatly altered the industry landscape, bolstering competition and causing energy prices to decrease.
Liberalisation has led to the entrance of new players into the market, eroding the domination of State-owned incumbents. [...]