Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Year: 2018

December markets update

Gas market trends What’s been happening? In November, day-ahead gas prices fell 3.5% to average 64.5p/th, the second consecutive monthly decline The month-ahead (December) gas contract went down 7.9% to average 68.1p/th, dropping to 64.5p/th on 26 November amid high LNG imports and forecasts of milder temperatures All seasonal...

Budget confirms key changes to energy tax rates

The Treasury delivered the Budget on 29 October, setting out revenues and expenditures for the coming tax year. While there was little on energy in Chancellor Philip Hammond’s speech, Budget documents provided clarity on issues including carbon pricing and Climate Change Levy (CCL) rates, as well as more detail...

Wholesale prices fall for second month

Many wholesale power and gas contracts fell for a second consecutive month, following commodities prices lower. A high influx of Liquified Natural Gas (LNG) imports across the month, and milder than expected temperatures, have led to comfortable gas supplies and below seasonal normal demand. Looking towards power contracts for...

November markets update

Gas market trends What’s been happening? In October, day-ahead gas prices decreased 9.8% to average 66.9p/th The month-ahead (November) gas contract went down 9.6% to average 70.6p/th, dropping to 64.5p/th on 31 October amid high LNG imports Most seasonal gas contracts fell in October, down 1.0% on average Summer...

Limiting global warning – challenges

On 8 October the UN’s Intergovernmental Panel on Climate Change (IPCC) published a new report described as its most urgent and far-reaching call yet for greenhouse gas emissions cuts. It compared the implications for different global average temperature increase scenarios and called for actions to limit warming to 1.5C...

Wholesale prices fall as winter approaches

Many wholesale power and gas contracts fell last month for the first time since June, following commodities lower as high LNG imports and comfortable power and gas supplies gave some relief as we move into winter. Looking towards power contracts for delivery in the near-term, day-ahead power went down...

October markets update

Gas market trends What’s been happening? In September, day-ahead gas prices increased 18.3% to average 74.1p/th The month-ahead (October) gas contract went up 16.5% to average 73.5p/th, peaking at 78.3p/th on 24 September All seasonal gas contracts grew in September, up 11.4% on average Winter 18 and winter 19...

Opportunities of electric vehicles

Electric vehicles (EVs) have been gaining increased attention within the energy sector as policy makers look to move beyond decarbonising power to other sectors, including transport, and to tackle issues such as air pollution and the energy security implications of reliance on imported fossil fuels. As well as providing...

Wholesale prices reach fresh highs

Wholesale power and gas prices continued to rise throughout September, with many contracts rising for a seventh consecutive month and reaching fresh record highs. Looking towards near-term power contracts, day-ahead power went up 9.4% to average £67.7/MWh. Prices rose throughout the month amid relatively low renewables output, which acts...

September markets update

Gas market trends What’s been happening? In August, day-ahead gas prices increased 6.8% to average 61.6p/th The month-ahead (September) gas contract went up 6.0% to average 62.0p/th, peaking at 68.6p/th on 29 August All seasonal gas contracts grew in August, up 5.1% on average Winter 18 and winter 19...