Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: June 2016

June Gas and power market update

Gas market update What’s been happening? The annual October 16 gas contract gained 7.7% to average a five-month high of 34.7p/th. Winter 16 gas rose 6.9% to average 36.1p/th, while summer 17 gas was up 8.5% to 33.4p/th. Spot gas prices also rose in May, with day-ahead gas lifting...

Local generation benefits energy system, research finds

Two major pieces of research published in the past month have sought to highlight the benefits to the system of local electricity generation: that is, projects that are connected at the distribution, rather than the transmission, level. The two studies, undertaken by the Association for Decentralised Energy (ADE) and...

Oil prices surge 10.4% to reach 7-month high

Brent crude oil surged 10.4% to average $47.5/bl in May, and hit a seven-month high of $50.1/bl on 26 May. Throughout the month prices were supported by a number of supply disruptions. Among these were wildfires in Canada, militant threats against oil facilities in Nigeria, political unrest in Libya...

Power and gas prices rise across the board

Sharp gains in commodity markets continued to support power and gas prices in May, with seasonal power contracts averaging their highest levels since December last year. Seasonal gas prices gained 6.3% on average, as higher oil prices fed through to the GB gas market. Winter 16 gas was up...