United Kingdom Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035

United Kingdom Power Market Report Overview

The cumulative installed capacity in the UK power market was 102.7 GW in 2021. The market is expected to grow at a CAGR of more than 5% during the forecast period. The UK is actively involved in power exchanges with several European countries. The country generates power from a diverse range of sources, including coal, gas, oil, hydropower, renewables, and nuclear power. Thermal power is its main source of power generation and gas-fired power plants constitute most of its thermal capacity. The dependence on imports represents a potential risk to the security of the energy supply. The recent Russia-Ukraine conflict also opened a question on the reliability of imports. Although the UK does not rely heavily on Russia for its gas imports, it is not immune to the high prices caused by the conflict.

UK Power Market Overview 2021-2035 (GW)

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The UK power market report discusses the power market structure of the UK and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential.

UK Power Industry Dynamics

The UK is the second-largest economy in the power market in Europe. It is an important trading center and has a free-market economy with limited regulations. Recently, it has become a net importer of energy due to declining reserves. However, shale gas reserves identified in the north of England, which are estimated to be the largest in the world, is expected to reduce the UK’s dependence on imports. Renewable and nuclear power plants are also expected to register considerable growth, as the government is in the process of de-carbonizing its power sector. The development of renewables has been below par in the UK in comparison to other major European countries. The lack of strong government policies for the sector and unfavorable weather conditions have been major challenges to the growth of technologies such as solar PV.

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UK Power Market Segmentation by Power Type

The key types of power in the power market in the UK are thermal power, hydropower, and nuclear power. The UK government is planning to shut down all coal-fired power plants in the country, but gas-based generation would continue to be of priority to decrease dependency on imports. Shale gas discovered in the UK is expected to extend the UK’s natural energy supply and the government is preparing tax breaks and incentives to attract investment in this sector. Hydropower generation in the UK is unreliable and depends on climatic conditions and rainfall. Moreover, the construction of additional hydropower plants has attracted criticism, owing to their harmful impact on the environment. In the Ten Point Plan launched in November 2020, the government set a priority to deliver new and advanced nuclear power and has committed to arriving at an investment decision on at least one large-scale nuclear power station during the parliament ending by December 2024. The country has also reconfirmed the status of nuclear as clean energy.

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UK Power Market Segmentation by Sector

The key sectors in the power market in the UK are residential sector, commercial sector, industrial sector, and transport sector. In 2021, the residential sector had the dominant share in power consumption.

UK Power Market Analysis by Sectors, 2021 (%)

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UK Power Market – Competitive Landscape

Some of the key players in the power market in the UK are RWE AG, EDF group, SSE Plc, Fortum Corp, Drax Group Plc, EP UK Investments Ltd, and Orsted AS. In 2021, the market was dominated by RWE AG, followed closely by the EDF group.

UK Power Market Analysis by Key Players, 2021 (%)

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Key Segments Covered in this Report.

UK Power Sector Outlook (GW, 2021-2035)

• Residential Sector
• Commercial Sector
• Industrial Sector
• Transport Sector

Scope

This report provides:

• Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
• Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035.
• Capacity, generation, and major power plants by technology.
• Data on leading active and upcoming power plants.
• Information on transmission and distribution infrastructure, and electricity imports and exports
• Policy and regulatory framework governing the market.
• Detailed analysis of top market participants, including market share analysis and SWOT analysis.

Reasons to Buy

• Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector.
• Identify key factors driving investment opportunities in the country’s power sector.
• Facilitate decision-making based on strong historic and forecast data.
• Develop strategies based on the latest regulatory events.
• Position yourself to gain the maximum advantage of the industry’s growth potential.
• Identify key partners and business development avenues.
• Identify key strengths and weaknesses of important market participants.
• Respond to your competitors’ business structure, strategy, and prospects.