Category Archives: Moffatt Associates

    All Posts, Energy, Moffatt Associates

    Market research – gas storage

    Posted on: By:

    GPontin Ltd is delighted to have supported Moffatt Associates and their clients – the Gas Security Group (GSG) – in delivering its recent research in the energy market, focused on gas and energy security..
    As part of this project Gpontin Ltd implemented and conducted an online survey and analysis to assist Moffatt Associates in delivering a project for multiple clients in less than three weeks.

    The intelligence gathered will be used by the Gas Security Group to further their campaign for Government action to reduce the threat of gas shortages and mitigate the impact on energy price volatility.

    About Moffatt Associates

    In 1988, Clive Moffatt established Moffatt Associates (MA) to provide public and commercial clients with innovative business solutions based on extensive experience and original research.
    As markets have evolved, MA has been at the forefront of many developments acting as catalyst to help policy makers and businesses anticipate and adapt to change.

    Gas Security Group

    The Gas Security Group (GSG) was established in 2017, following the closure of the Rough gas storage facility and the continuing decline of domestic gas production in Western Europe. The GSG was formed to campaign for an urgent re-assessment by the Government of UK gas security and a review of what measures could be taken to improve flexibility of gas supplies and reduce industry’s exposure to gas supply disruptions and increased energy price volatility.

    GSG members include the British Ceramic Confederation, Confederation of Paper Industries, Major Energy Users Council and the GMB, representing a large cross-section of major energy users and employee organisations.

    The companies represented by the ceramic and paper industry associations alone employ a total of 76,000 people and generate an annual turnover of £14 billion and over £600 million in exports. Altogether, the major private and public- sector energy users represented by the Gas Security Group account for 40% of all UK industrial and commercial gas demand and 35% of UK industrial and commercial electricity demand. The GMB union has 50,000 members engaged in the energy sector, covering gas. nuclear and renewable energy.

    Share this
            

    Moffatt Associates – Making Energy Markets Work – Annual Symposium

    Moffatt Associates Making Energy Markets Work Symposium Series started in 2004 and has become the leading energy trading event in the EU calendar. Events have been held across Europe and include input from stakeholders such as Merrill Lynch, Verbund, E-Control, OMV gas Gmbh, CEGH, EDF Trading Ltd, VERBUND, CEZ, Merrill Lynch and many more.

    Share this
            

    Moffatt Associates – Energy Viewpoints

    Moffatt Associates devised a research format for monitoring trends in energy market prices and canvassing market views on future market developments and the implications of public policy actions at both the EU and national level.

    The “Energy Viewpoints Bulletin” is distributed free of charge electronically and is now read by over 2000 market participants every quarter.

    This regular, quarterly survey, sponsored by APX and produced in association with EFET, summarises expectations about future energy market prices, based on responses from a research panel of 80 market participants covering most of Europe. This panel is a representative sample of regulators, generators, suppliers, traders and analysts.

    Every quarter, MA canvasses views on wholesale market developments in power, gas and CO2. In addition, we select a special topic for investigation each quarter and we invite contributions from leading market participants. The survey itself takes the form of a detailed telephone questionnaire and is conducted on a strictly confidential and non-attributable basis.

    Company website:
    http://www.moffatt-associates.com/

    Share this
            

    Moffatt Associates – EU Wholesale Markets Study

    To execute this study Moffatt Associates conducted what is probably one of the most extensive surveys of energy market participants ever undertaken.

    The aims of the study were to identify and evaluate key factors impacting on the liquidity and efficiency or EU wholesale electricity and gas markets. Between mid-January and early May 2008, MA devised and conducted a major market research programme. Given the diverse and varied nature of wholesale energy markets, MA decided to employ a two-stage research methodology involving (a) the use of face-to-face discussions to identify and weight the relative importance of key commercial and policy issues impacting on the operation of wholesale energy markets, and (b) following this with a more detailed survey across a wider market sample to obtain quantitative and qualitative feedback on a range of specific issues arising from the face-to-face discussions.

    This involved:

    In-depth interviews and discussions with (20) senior executives representing all relevant EU stakeholder associations
    Nine focus groups held in Brussels, Milan, Madrid, Copenhagen, London and Vienna, involving a total of 113 market participants
    An online questionnaire to illicit quantitative responses – a total of 150 market participants completed the questionnaire

    Company website:
    http://www.moffatt-associates.com/

    Share this
            

    Monitoring Business Energy Costs and Efficiency

    Moffatt Associates devised a set of research questions and methodology to explore and evaluate trends in business energy costs, actions taken by companies to increase energy efficiency and the views of industry on the likely business implications of EU and UK energy policy. This was the first time that any serious attempt had been made to analyse the impact of rising energy costs on UK business.

    Since 2005, Moffatt Associates has researched and built a UK business contact database covering 500 major energy users and 1000 SME’s. Every year we track trends by carrying out 200 in-depth interviews with senior energy management managers across a representative sample of public and private sector organisations.

    This survey is widely used by the UK Government, Ofgem and industry as the benchmark reference for how industry is managing energy efficiency and carbon emissions reductions. Our UK business users survey is publicised widely and is the most comprehensive survey of its kind in the EU.

    The survey is currently sponsored by RWE npower in association with the Major Energy Users Council (MEUC) and the UK Federation of Small Business (FSB).

    Company website:
    http://www.moffatt-associates.com/

    Share this
            

    Moffatt Associates – Ownership Unbundling and Market Transparency

    In 2007 DG TREN commissioned Moffatt Associates to conduct a detailed market research programme to assess the likely impact of the Commission’s proposals relating to TSO unbundling and improved wholesale market transparency.

    Objectives of this study were as follows:

    • A. Ownership Unbundling
      Impact on non-discriminatory access on tariff levels and price information transparency
    • Subsequent impact on the increase in competition in both generation and supply
    • Required conditions and propensity for unbundled TSOs to (a) increase levels of investments in improving the quality of the network, (b) increase investment in cross-border capacity, (c) work with other TSOs to create regional networks, and operate in such a way that would reduce or eliminate the need for new pan – European regulator and reduce or eliminate the need for heavy national regulation relating to network tariffs and investment incentives
    • Potential benefits to the incumbent of selling network assets – in terms of either returning funds to shareholders and/or channeling new investment into higher margin non-regulated generation and supply businesses locally and/or in other territories in the EU and elsewhere

    B. Market Transparency

    • Relative importance and significance of different data in terms of its value in promoting liquidity and competition in different regional markets
    • Type, timing and sourcing of data required in both gas and power by regional market – i.e. including exchange, TSO and OTC data
      Whether it would be better to opt for high mandatory minimum standards across the whole of the EU from day one or opt for variable benchmarks and a regional incremental approach with Nordpool and the UK leading the way
    • Whether most benefit could be secured in the short term by opting to prioritise transparency in power rather than gas

    In a period of less than 5 weeks, Moffatt Associates were able to complete a total of 56 in-depth interviews with key participants in the EU energy market including:

    • Stakeholder associations
    • Energy market regulators
    • TSO network operators
    • Financial investors
    • Energy exchanges
    • Dominant incumbents
    • Market traders
    • Market analysts

    Our conclusions were included in the EU Commission’s Background Paper accompanying the 3rd Package Directives

    Share this