Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: November 2017

Gas and power market update

Gas market trends What’s been happening? Most seasonal gas contracts experienced gains in October, with contracts from summer 2018 out to summer 2020 lifting 1.2% on average Summer 18 gas experienced an uptick of 1.2% to average 42.3p/th, up from 41.8p/th the previous month. Though, the contract was 1.7% lower...

Gov’t targets boost to business energy efficiency

The government published its Clean Growth Strategy (CGS) on 12 October, outlining a range of policies and proposals to decarbonise all sectors of the UK economy into the 2020s. The strategy is intended to identify areas that need to see the greatest progress, both through technological breakthroughs and large-scale...

Power rises as commodities hit multi-year highs

Most power contracts experienced gains across October, broadly following gas prices higher. Brent crude oil, API 2 coal and EU ETS carbon prices all reached multi-year highs. An exception was day-ahead power, which dipped 0.1% to average £46.8/MWh. The month-ahead (November) power contract rose 3.2% to £52.9/MWh, with concerns...