Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: December 2017

Celebrating 10 years with IEC

We’ve recently celebrated a milestone here at IEC, marking the 10th anniversary of when Senior Energy Manager Gavin Williams joined the company. Gavin was joined by all the IEC team at a dinner at the Opera Grill in Chester hosted by MD Mike Jones, it was a great success...

Gas and power markets update

Gas market trends What’s been happening? All seasonal gas contracts experienced gains in November, with the front season contracts undergoing the greatest growth. Contracts from summer 2018 out to winter 2020 lifted 3.9% on average The largest growth was observed in the summer 18 gas contract, which increased 5.2%...

Gov’t uses Budget to control renewables impact

On 22 November, Chancellor Phillip Hammond delivered the government’s 2017 Autumn Budget. Although relatively light on energy announcements, the Budget still revealed several key changes. Major policy shifts included the implementation of a control on new-carbon spending and the maintenance of a Total Carbon Tax at current levels. The...

Commodities gain and power hits a 30-month high

Day-ahead power prices reached a 30-month high in November, whilst strong gains were observed across gas contracts. Brent crude oil, API 2 coal and EU ETS carbon prices extended from last month’s gains to reach fresh multi-year highs. Power prices climbed 9.0% to £50.9/MWh, reaching a 30-month high (£53.5/MWh)...