Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: February 2017

February gas and power market update

Gas Market Trends What’s Been Happening? All seasonal gas prices gained during January, rising 5.3% on average Seasonal gas prices remained higher than their levels last year Summer 17 gas experienced the largest rise, up 8.4% to average 45.9p/th. Winter 17 gas went up 6.0% to average 51.0p/th In...

Industrial strategy aims to cut energy costs

Prime minister Theresa May unveiled the government’s new draft Industrial Strategy on 23 January, confirming that it will seek to improve the competitiveness of UK industry and lower business energy prices. The green paper sets out 10 strategic pillars that will underpin a new government strategy. One of these...

Prices rise across commodity and power markets

During January, prices generally rose across commodity and power markets. This was largely driven by lower temperatures leading to increased gas and power demand. In January, day-ahead gas climbed 14.7% to average 53.4p/th. Seasonal gas prices moved an average of 5.3% higher. Summer 17 gas experienced the largest rise...