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Electricity Production in the UK - Industry Market Research Report

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    Report

  • 69 Pages
  • November 2023
  • Region: United Kingdom
  • IBISWorld
  • ID: 1367759

More Power: Industry Revenue is Expected to Increase in 2022-23, Driven by a Rise in Industrial Electricity Prices

In recent years, the UK government has encouraged a shift towards low-carbon electricity generation to meet emissions targets. Rapid growth in renewable generating capacity has culminated in renewables accounting for more than 40% of electricity generation in 2022, up from 29.2% in 2017. Increased investment in renewables has boosted revenue in recent years, with government-initiated schemes presenting lucrative growth opportunities in the face of fluctuating electricity consumption trends. Electricity generators' revenue is forecast to increase at a compound annual rate of 3.1% to reach £30.9 billion over the five years through 2023-24.

Firms in this industry produce electricity by burning fossil fuels such as gas and coal. They also operate nuclear power stations, hydroelectric plants and stations fuelled by renewable sources such as wind or biomass.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Major Markets
  • Globalisation & Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Barriers to Entry
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • EDF Energy Holdings Ltd
  • Drax Power Limited
  • SSE plc
  • RWE Generation UK Plc
  • Uniper UK Ltd

Methodology

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