IPA Advisory Limited a leading independent advisory practice

Gwynedd Council Case Study

Project:
Independent report for the Snowdonia Enterprise Zone investigating the North Wales electricity market and opportunities to reduce electricity tariffs for businesses

Client:
Gwynedd Council

Country:
Wales, United Kingdom

IPA was commissioned by Gwynedd Council’s Economy and Community Department to produce an independent market report which investigated the current electricity market in the Snowdonia Enterprise Zone (SEZ). SEZ is a 123.5527 acre (50 hectare) site centred upon the location of the former Trawsfynydd Power Station, and another site at Llanbedr Aviation Centre and Enterprise Park. The SEZ Board was considering a number of development options, which aimed to attract developers, generate growth and create jobs in the local economy.

IPA undertook three key pieces of work:

  • IPA provided a summary of potential site developments for the SEZ in order to determine their likely electricity loads. This was followed by an overview of the existing electricity infrastructure in North Wales, how it was forecast to develop over the next two decades, and a review of the impact of Electricity Market Reform on the North Wales region to identify any regional opportunities.
  • IPA identified approaches which could be employed to reduce electricity tariffs for the SEZ through a detailed breakdown and analysis of the cost components of electricity tariffs for different electricity consumers to identify any scope for reduction. This was followed by consultations with other enterprise zones and electricity suppliers in the UK to identify and confirm business strategies to provide electricity costs reductions for potential developers.
  • IPA also assessed electricity infrastructure improvements required for each of the SEZ locations and associated costs, and provided an overview of the wider economic benefits to the North Wales region from potential developments in the electricity sector.

IPA presented its key findings and recommendations to the SEZ Board, so that they could be taken into account in the Board’s consideration of development options for the SEZ’s two locations.