Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: January 2017

January Gas and Power Market Update

Gas Market Trends What’s been happening? Seasonal gas prices remained relatively unchanged in December, gaining only 0.1% on average Winter 17 gas experienced the largest rise, up 0.5% to average 48.1p/th. By contrast, summer 17 gas dropped by 1.0% to average 42.4p/th. Seasonal gas prices remained higher than their...

Gov’t boosts power supplies for winter

The government has welcomed the outcome of its third “capacity market auction”: a key component of its plan for ensuring that the UK’s electricity supplies remain secure over the coming winters. Keeping the lights on The auctions see providers of electricity capacity – whether they be traditional power generators...

Prices fall in day-ahead

Day-ahead peak power dropped by 38.3% to average £56.4/MWh in December, the largest monthly loss since at least 2011. Meanwhile, day-ahead baseload power fell by 26.3% to average £48.9/MWh, the first monthly loss since August. On Friday 23 December, the contract reached £44.0/MWh, an 11-week low, with low demand...