United Kingdom (UK) Thermal Power Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035
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UK Thermal Power Market Report Overview
In 2022, the UK power market was led by renewable power. Thermal power was the second leading source in the country’s power capacity mix with a cumulative capacity of 43.5GW in 2022 and will achieve a CAGR of less than 1% during 2022-2035.
UK Thermal Power Market Outlook, 2022-2035 (GW)
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The report highlights installed capacity and power generation trends in the country’s thermal power market until 2035.
Cumulative Capacity (2022) | 43.5 GW |
CAGR (2022-2035) | <1% |
Historical Period | 2010-2022 |
Forecast Period | 2023-2035 |
Key Types | · Coal
· Oil · Gas |
Key Deal Types | · Debt Offerings
· Acquisition · Asset Transactions · Equity Offerings · Private Equity · Venture Financing |
Key Active Plants | · Pembroke Power Station
· Ratcliffe-on-Soar Coal Fired Power Plant · Staythorpe Power Station · Didcot B Power Station · Connahs Quay Combined Cycle Power Plant · West Burton B CCGT Power Station · Grain Combined Heat & Power Station · VPI Immingham CHP Plant · Seabank Power Station · Saltend Power Plant |
Key Companies | · SSE Plc
· National Grid Plc · E.ON UK Plc · BP Plc · Royal Dutch Shell Plc |
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UK Thermal Power Policy
- The UK government is planning to shut down all coal-fired power plants in the country by October 2024.
- Shale gas discovered in the UK is estimated to reduce the UK’s energy imports in 2030.
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UK Thermal Power Market Segmentation by Fuel Types
The United Kingdom’s gas power capacity was the largest among thermal technologies in terms of capacity at 36.7 GW in 2022. It is expected to witness a consistent increase during the forecast period. On the other hand, coal power capacity is declining and will be phased out by 2024.
UK Thermal Power Market Analysis by Types, 2022 (%)
UK Thermal Power Market – Competitive Landscape
SSE Plc, National Grid Plc, E.ON UK Plc, BP Plc, and Royal Dutch Shell Plc. are a few of the leading market players in the thermal power market in the UK.
SSE Plc: SSE is an integrated energy utility, that develops, owns, and operates energy and related infrastructure, and provides related services. It generates, transmits, distributes, and supplies electricity; and produces, stores, distributes, and supplies gas. SSE is one of the largest energy suppliers operating in the competitive energy markets in the UK and Ireland.
UK Thermal Power Market Analysis by Companies
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UK Thermal Power Market - Major Active Plants
In 2023, the Pembroke Power Station led the thermal power market in the UK in terms of total capacity contribution.
UK Thermal Power Market Analysis by Active Plants, 2023 (%)
UK Thermal Power Market Segmentation by Deal Types
In 2022, the thermal power market in the UK closed most deals via debt offerings, followed by acquisitions and asset transactions.
UK Thermal Power Market Analysis by Deal Types, 2022 (%)
Segments Covered in the Report
UK Thermal Power Market Type Outlook (Value, 2010-2035, GW)
- Coal
- Oil
- Gas
UK Thermal Power Market Deal Type Outlook (%, 2022)
- Debt Offerings
- Acquisition
- Asset Transactions
- Equity Offerings
- Private Equity
- Venture Financing
Scope
The report includes:
- A brief introduction on global carbon emissions and global primary energy consumption.
- An overview of the country’s power market highlighting installed capacity trends, generation trends, and installed capacity split by various power sources.
- Detailed overview of the country’s thermal power market with installed capacity and generation trends, and major active and upcoming thermal power projects.
- Deal analysis of the country’s thermal power market.
- Snapshots of some of the major market participants in the country.
Key Highlights
Enhance your decision-making capability in a more rapid and time sensitive manner.
Identify key growth and investment opportunities in country’s thermal power market.
Facilitate decision-making based on strong historic and forecast data for thermal power market.
Position yourself to gain the maximum advantage of the industry’s growth potential.
Identify key partners and business development avenues.
Understand and respond to your competitors’ business structure, strategy, and prospects
Reasons to Buy
- Enhance your decision-making capability in a more rapid and time-sensitive manner.
- Identify key growth and investment opportunities in the country’s thermal power market.
- Facilitate decision-making based on strong historical and forecast data for the thermal power market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Identify key partners and business development avenues.
- Understand and respond to your competitors’ business structure, strategy, and prospects.
Thermal
Coal
Oil
Gas
Transmission
Distribution
Compound Annual Growth Rate
Market Size
Generation
Installed Capacity
Trends
Renewable Portfolio Standard
Auctions
Competitive Landscape
Tenders
Table of Contents
Table
Figures
Frequently asked questions
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What was the UK thermal power market cumulative capacity in 2022?
The cumulative capacity for thermal power in the UK was 43.5 GW in 2022.
-
What will the UK thermal power market growth rate be during the forecast period?
The UK thermal power market will achieve a CAGR of less than 1% during 2022-2035.
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Which was the leading fuel type in the UK thermal power market in 2022?
Thermal power generated from gas had the highest share in the UK thermal power market in 2022.
-
Which was the leading deal type in the UK thermal power market in 2022?
Most of the deals in the UK thermal power market were closed via debt offerings in 2022.
-
Which are the major active plants in the UK thermal power market?
The major active plants in the UK thermal power market are Pembroke Power Station, Ratcliffe-on-Soar Coal Fired Power Plant, Staythorpe Power Station, Didcot B Power Station, Connahs Quay Combined Cycle Power Plant, West Burton B CCGT Power Station, Grain Combined Heat & Power Station, VPI Immingham CHP Plant, Seabank Power Station, and Saltend Power Plant.
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What are the key companies associated with the UK thermal power market?
The key companies in the UK thermal power market are SSE Plc, National Grid Plc, E.ON UK Plc, BP Plc, and Royal Dutch Shell Plc.
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