Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: September 2016

September gas and power market update

Gas market trends What’s been happening? All seasonal gas prices decreased in August. The annual October 16 gas contract lost 6.0% to 40.0p/th. Winter 16 gas experienced the largest drop, at 6.1%, to average 42.0p/th. Summer 17 gas decreased 5.8% to 38.0p/th. Day-ahead gas moved 10.2% lower to average...

Batteries to help balance supply/demand on power system

A new National Grid service, designed to improve energy security and to maintain system stability, held its first auction for bidders on 26 August, with a number of commercial battery projects winning contracts. New service In its role as system operator, National Grid aims to maintain the frequency of...

Day ahead gas at lowest for 6 years

Losses in commodity markets created a bearish trend in the GB energy market in August, with nearly all gas and power contracts experiencing reductions. Seasonal gas prices decreased by 5.3% on average, following a slip in oil prices. Winter 16 gas experienced the largest drop, at 6.1%, to average...