Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: November 2016

Business energy tax – what you need to know

You may be aware that the Government has announced its plans to abolish the Carbon Reduction Commitment Scheme (CRC) from April 2019. It is part of an overall plan to simplify the regulatory system whilst helping the UK to achieve its targets to reduce carbon emissions. The CRC Scheme...

November gas and power market update

Gas market trends What’s been happening? All seasonal gas prices increased in October. The annual April 17 gas contract climbed 13.9% to 45.3p/th. Summer 17 gas experienced the largest gain of 14.9% to average 42.5p/th. Day-ahead gas soared 50.6% higher, the largest monthly gain since at least 2012, to...

National Grid Confirms Energy Security

System operator National Grid has confirmed that the chances of blackouts during the coming winter have fallen. The company said that it expected the UK to have a capacity margin of 6.6% this winter, which is an improvement on its projection of 5.5% made earlier in the summer. Higher...

Day-ahead gas up 50.6% in October

In October, day-ahead gas soared 50.6% higher – the largest monthly gain since at least 2012 – to average 43.1p/th. On Wednesday 26 October day-ahead gas reached 48.0p/th, the highest price since April 2015, as gas demand for power generation and heating was expected to rise significantly the following...