As crank said.
Basically it shows that very little heat is escaping to the outer pane of glass. It is a good thing in terms of keeping your heat in but also a bit of an annoyance when you cant see out in the morning.
This is becoming the norm now as the government are forcing us to fit more and more efficient windows. Feel free to write a letter of complaint to your MP
It will hopefully only happen for a few weeks of the year when the conditions are right (or wrong you may say).
The below is from one of the major glass manufacturers websites:
From time to time, we receive enquiries about the appearance of external condensation on glass. This phenomenon is a natural occurrence and not a fault in the glass or window
Moisture condenses out of the air onto a cold surface that is said to be below the dew point. The dew point varies with the air temperature and the amount of moisture it contains. Particularly in spring and autumn, the glass temperature can fall to a low level during the night and the dew point can be comparatively high in these seasons. The glass temperature can be below the dew point under these conditions and moisture can condense onto the surface.
In order to save energy, maintain a comfortable internal environment and satisfy building regulations requirements, the windows we fit in our homes are much more thermally efficient than in the past. With single glazing and older style double glazing, a large proportion of heat was lost to the outside through the glass. With modern low emissivity glass, more of the heat is kept inside and the outer pane is not heated as much.
The more thermally insulating the glass is, the lower the outer pane temperature is likely to be and the greater the risk of condensation on the external surface. In northern European countries, where levels of thermal insulation are higher than in the UK, the phenomenon is understood and accepted.
There is not much that can be done to avoid the risk of condensation to the outside. In many cases the condensation does not last long. A little heat from the sun warms the outer glass enough to evaporate the moisture and a gentle breeze or wind will help.
Those people who have fitted Pilkington Activ™ self-cleaning glass may also notice that they get fewer occurrences. Pilkington Activ™ is as prone to condensation as any other glass, but the properties of this product means it does not allow the water to form beads on the surface of the glass. So you tend not see the effect to the same degree.
You may notice that not all of the panes are affected by early morning condensation, even in the same window. Subtle differences in orientation and the position of objects outside the window can change the surface temperature of the glass to the point that one pane suffers and another does not. Any object such as a canopy or tree blocking off the window to a clear night sky will also reduce the effect.
A plus point is the knowledge that your windows are keeping the heat in as they are designed to do, proving that you have a superior insulating glass product.