Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: October 2016

Managing your business energy tax

While we appreciate that to most people business energy tax appears to be a rather dry subject, we’re always surprised at the number of companies which are not proactive in managing their charges. It is likely your finance team manages your corporation tax affairs in fine detail, it’s common for...

October gas and power market update

Gas market trends What’s been happening? All seasonal gas prices decreased in September. The annual October 16 gas contract lost 4.3% to 38.2p/th. Winter 16 gas experienced the largest drop (of 5.6%) to average 39.6p/th. Summer 17 gas decreased 3.1% to 36.8p/th. Day-ahead gas moved 10.2% lower to average...

Go-ahead for new power station

The government gave its final approval for the Hinkley Point C nuclear power project on 15 September, after reaching a revised agreement with the plant’s developer EDF. The contract – and therefore final confirmation that the project will be built – was signed two weeks later. Supply security The...

Day ahead power surges to 10-year high

In September, day-ahead gas moved 10.2% lower to average 27.9p/th. Day-ahead power soared 45.6% to £53.2/MWh. On 16 September, the contract rocketed 339.4% to £157.7/MWh. This was the highest price since March 2006, as peak wind power forecasts dropped below 1GW, tightening margins in the UK. In addition, continental...