Abstract
Introduction
Evolving competitive dynamics are rapidly and significantly changing the face
of the gas and power markets in and around Europe. As such, a timely and
broadly based understanding of the market landscape is vital for players
throughout the energy value chain. Central to this is an understanding of the
exact stage of competitive development reached in each market, and how it is
likely to change.
Scope
*Up-to-date insight on market structures, regulatory developments, supply and
demand balances, asset developments and player strategies.
*Insight into current levels of gas and power competitive intensity
benchmarked against 33 relevant markets (EU 27 and 6 related countries).
*Forecasts of how the nine metrics making up the competitive intensity scores
will change by 2012.
Highlights
The MCI scores draw on nine underlying metrics grouped into three categories:
Market Framework (Regulatory Effectiveness; Pricing Regime; Ease of Third
Party Access), Supplier Push (Wholesale Fragmentation, Retail Fragmentation,
Traded Market Maturity), and Customer Pull (Access to Market Information,
Consumer Representation, Propensity to Switch)
Each of the Energy Market Landscape series provides a profile of both the
relevant gas and power market. Issues examined include regulatory structures,
player strategies and supply/demand dynamics. There is also a list of
operational, planned and under construction infrastructure including power
stations, pipelines, LNG terminals and storage sites
Reasons to Purchase
*Obtain up-to-date, relevant and standardized information on European and
related energy markets from a single source.
*Have a logical framework to monitor market developments and emerging trends,
identify opportunities and plan strategies accordingly.
*Assess current and future gas and power market competitive environments by
gaining insight into factors driving market competitiveness.
Table of Contents
DATAMONITOR VIEW 1
CATALYST 1
SUMMARY 1
ANALYSIS 2
Gas Market
Overview 2
Industry Landscape 2
Electricity Market Overview 3
Industry Landscape 3
Regulation 3
Electricity Supply and Demand
Analysis 5
Electricity Infrastructure 9
Generation Capacity 9
Electricity Networks 11
Competitive Intensity Analysis Overview 12
Datamonitor' s MCI Index offers a robust framework for measuring the
development of energy Market Competitive Intensity 12
The MCI Index shows
how competitive a particular market is. This has applications for both new
entrant seeking to enter the market, and established players and former
monopoly incumbents seeking to defined their market share from new entrants.
12
The MCI Index assesses markets as they stood in early 2009 and
forecasts conditions likely to be prevailing in July 2012, five years after
full market opening 12
The MCI assessment draws on nine underlying metrics
grouped into three broad clusters: Market framework; Supplier Push; Customer
Pull 13
Each of the nine pillars has an assessment scale to allow for the
comparison of diverse markets (see appendix for more details) 14
Gas
Market Competitive Intensity 15
A gas market will not emerge in Malta
during the forecast period 15
Malta does not currently have a gas market
16
Electricity Market Competitive Intensity 17
Competition is yet to
emerge in the power sector 17
Competition is yet to emerge in the power
sector 18
The regulatory metric is the only one of the market framework
factors to score above the very bottom of the scale 18
Effectiveness of
Regulator [2009: 4/10 2012: 4/10] 18
Ease of Third Party Access [2009:
0.1/10 2012: 0.1/10] 18
Pricing Regime [2009: 0.1/10 2012: 0.1/10] 19
Monopoly in the power market leads to weak supplier push scores 19
Wholesale Market Fragmentation [2009: 0.1/10 2012: 0.1/10] 19
Retail
Market Fragmentation [2009: 0.1/10 2012: 0.1/10] 19
Traded Market Maturity
[2009: 0.1/10 2012: 0.1/10] 19
No customer pull exists in the Maltese
electricity market 19
Access to Market Information [2009: 1/10 2012: 1/10]
19
Consumer Representation [2009: 0.1/10 2012: 0.1/10] 19
Propensity
to Switch [2009: 0.1/10 2012: 0.1/10] 19
COMPETITIVE INTENSITY ANALYSIS
APPENDIX 21
MCI Scores Summary 21
MCI Scoring Scales 24
APPENDIX
29
List of power stations in Malta 29
Definitions 29
Ask the
analyst 30
Datamonitor consulting 30
Disclaimer 30
List of Tables
Table 1: Malta power supply and demand balance, 2007e-08e 5
Table 2:
Market Competitive Intensity, Malta 2009 and 2012 21
Table 3: MCI
Additive, Europe 2009 and 2012 22
Table 4: MCI Multiplicative, Europe 2009
and 2012 23
Table 5: Malta power generation assets 29
List of Figures
Figure 1: Malta power production by fuel type, 1990-2008e 6
Figure 2:
Malta power production by fuel type, 2008 7
Figure 3: Malta power sectoral
consumption, 2008e 8
Figure 4: Malta power consumption, trends and
forecast, 1990-2020f 9
Figure 5: Malta power generation capacity by fuel
type, 2008 10
Figure 6: MCI Assessment Scale 12
Figure 7: MCI
Assessment Framework 13
Figure 8: MCI Scales 14
Figure 9: European Gas
Market Competitive Intensity, 2009-12 15
Figure 10: Gas Market Competitive
Intensity, Malta 16
Figure 11: European Power Market Competitive
Intensity, 2009-12 17
Figure 12: Power Market Competitive Intensity, Malta
18
Figure 13: Market Competitive Intensity, Malta 20
Figure 14: Scale
for MCI Assessment, Effectiveness of Regulator 24
Figure 15: Scale for MCI
Assessment, Ease of Third Party Access 24
Figure 16: Scale for MCI
Assessment, Pricing Regime 25
Figure 17: Scale for MCI Assessment,
Wholesale Market Fragmentation 26
Figure 18: Scale for MCI Assessment,
Retail Market Fragmentation 26
Figure 19: Scale for MCI Assessment, Traded
Market Maturity 27
Figure 20: Scale for MCI Assessment, Access to Market
Information 27
Figure 21: Scale for MCI Assessment, Consumer
Representation 28
Figure 22: Scale for MCI Assessment, Propensity to
Switch 28
| 
