Electricity Supply in the UK - Industry Market Research Report

Struggling supply: Industry revenue is forecast to grow marginally in 2023-24 as wholesale energy prices remain volatile

The Electricity Supply industry has developed considerably since its liberalisation in 1999. Following a period in which the Big Six suppliers dominated, energy regulator Ofgem endeavoured to introduce greater competition to the market as part of attempts to drive down energy bills. Major mergers and acquisitions effectively bought the dominance of the former Big Six suppliers to an end at the end of 2019-20. Along with a declining electricity consumption, increased competition has placed significant pressure on revenue in recent years. Operators in this industry purchase electricity from the wholesale market or generators and sell it to households and businesses. 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.