Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: August 2016

August gas and power market update

Gas market trends What’s been happening? All seasonal gas prices increased in July. The annual October 16 gas contract rose 9.0% to 42.6p/th. Winter 16 gas experienced the largest increase of 10.2% to average 44.7p/th, a new average nine-month high. Summer 17 gas boosted 7.8% to 40.4p/th. Near-term gas...

National Grid considers energy system evolution

Great Britain’s system operator National Grid has provided its latest view on the way that the UK’s energy sector could develop over the next few decades. Future insights Released on 5 July, the Future Energy Scenarios (FES) report, which is updated annually, models four plausible pathways for the energy...

Winter ’16 contracts at 9-month high

Gains in commodity markets created a bullish trend in the GB energy market in July, with all gas and power contracts experiencing gains. Centrica announced that it had extended the closure of its Rough gas storage site, the UK’s largest, until spring 2017 following the discovery of an issue...