Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: July 2017

Gas and power market update

Gas Market Trends What’s Been Happening? The majority of seasonal gas contracts increased during June, rising 0.8% on average Seasonal gas prices remained higher than their levels last year Winter 17 gas fell 0.8% to 45.3p/th, compared to 42.3p/th in June 2016 Winter 18 gas rose 0.8% to 46.0p/th,...

Ofgem slashes benefits to cut bills

Ofgem Slashes Embedded Benefits to Cut Consumer BillsOfgem announced its decision on 20 June to significantly lower the payments allocated to small local generators for producing electricity at peak demand times, in a move intended to lower end users energy bills. In March Ofgem held a consultation on industry...

Seasonal power contracts and commodity prices rise

During June, most seasonal gas and power contracts moved higher. Near-term gas contracts experienced losses, whilst near-term power contracts saw mixed movements. API 2 coal and EU ETS carbon prices gained, whilst Brent crude oil prices lowered. In June, day-ahead gas extended losses, down 10.6% to 35.0p/th, the lowest...