Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: October 2017

Gas and power market update

Gas market trends What’s been happening? Most seasonal gas contracts experienced gains in September, rising 1.6% on average, with many reaching multi-month highs Winter 17 gas jumped 4.8% to 49.9p/th, 17.7% above its value of 42.4p/th in September 2016. Summer 18 gas gained 2.5% to 41.8p/th On 14 September,...

Gov’t auction delivers significant fall in low carbon power cost

The government announced on 11 September that a range of new energy projects, set to provide 3.3GW of new low-carbon electricity capacity, have been successful in the latest competitive auction for renewable technologies. The auction was limited to “less established” technologies, meaning some of the most familiar renewables like...

Commodities hit multi-year highs, power follows

A number of gas and power contracts hit multi-month highs in September, whilst Brent crude oil, API 2 coal and EU ETS carbon prices all reached multi-year highs. Day-ahead gas gained 8.1% to average 46.2p/th in September, its highest monthly average in seven months, as annual maintenance at a...