The Electricity Production industry is estimated to contract at a compound annual rate of 1.5% over the five years through 2015-16 as a result of low wholesale electricity prices coupled with weak demand for electricity. During the current year, a slight increase in electricity demand is expected to help lift industry revenue by 2.1% to reach £16 billion.
Coal is currently the most commonly used fuel for electricity generation in the United Kingdom, followed by gas and, more recently, renewable energy. Even though coal has been a reliable source of energy for many decades, its future in Britain is currently under scrutiny due to its negative impact on the environment.
Firms in this industry produce electricity by burning fossil fuels such as coal and gas. They also operate nuclear power stations, hydroelectric plants and stations fuelled by renewable sources such as wind or biomass.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.