Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: August 2015

Clients continue to benefit from low prices

Clients are continuing to reap the rewards of lower prices in the energy markets, securing contracts which save them thousands of pounds a year. Since the prices began to fall earlier this year, businesses which are approaching their contract expiration date have been able to benefit by securing new...

Gov’t prepares new energy tax regime

The Government has confirmed it will aim to deliver a simple, fair and more efficient tax environment for businesses which would minimise burdens and improve incentives to invest and grow. This will begin with a review of the business energy efficiency tax landscape, which will consider approaches to simplifying...

Budget brings key energy reforms

Chancellor George Osborne delivered the government’s Summer Budget in the Commons on 8 July, introducing a number of important reforms for the energy sector. Most significantly, Mr Osborne confirmed the removal of the Climate Change Levy (CCL) exemption for renewable electricity. The CCL is a tax on energy delivered...

Gas and power contracts fall further

Seasonal power and gas contracts fell further in July, reaching record lows.  Worries over winter gas storage levels were offset by decreasing oil prices, a stronger pound against the euro, and news that an additional 15bcf of gas storage capacity had been approved at the Rough facility.  Annual October...

Don’t leave it too late – our ESOS warning

Businesses are being warned not to leave it too late to ensure they are ESOS compliant. ESOS regulations require all large UK companies to identify and implement energy savings opportunities, and compliance involves undertaking comprehensive assessments of energy use and efficiency opportunities once every 4 years.  Participants of the...