Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: December 2016

December gas and power market update

Gas market trends What’s been happening? Seasonal gas prices decreased 1.6% on average, with a fall in oil prices. Seasonal gas prices were higher than their levels last year. In November, day-ahead gas gained 12.4%, after experiencing the largest monthly gain since at least 2012 last month. On Thursday...

Key announcements on future power mix

The government has announced plans to “upgrade” the UK’s energy infrastructure and incentivise the investment needed to support the nation’s low-carbon transition. Coal closure confirmed A consultation, issued on 9 November, sought views on the best approach to ensuring that coal-fired electricity generation is phased out of the electricity...

Highest rise in day-ahead peak power since 2011

Day-ahead peak power soared by 36.9% to average £91.5/MWh in November, the highest monthly rise since at least 2011. Near-term baseload and peak power contracts have been largely supported by continued French nuclear supply fears. Day-ahead baseload power jumped 16.7% to average £66.4/MWh. On Monday 7 November, the contract...