Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: August 2017

Gas and power market update

Gas market trends What’s Been Happening? Seasonal gas prices experienced mixed movements in July, rising 0.4% on average Winter 17 gas slipped 1.0% to 44.9p/th, slightly lower than its value of 46.0p/th in July 2016, and summer 18 gas trimmed 1.0% to 38.9p/th All gas contracts beyond summer 18...

Government sets out plan for a smart and flexible energy future

The government and the energy regulator Ofgem published their joint plan on 24 July to enable a smart, flexible future energy system. The Upgrading Our Energy System: Smart and Flexibility Plan outlined actions that will be taken to remove barriers to smart technologies, enable smart homes and businesses and...

Commodities hit multi-month highs, power follows

The majority of power contracts along the forward curve increased in July, supported by an underlying rise in commodity prices. In contrast, gas contracts experienced mixed movements. In July, day-ahead gas gained 3.4% to average 36.2p/th, halting a five-month downward trend as maintenance at both a major gas processing...