Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Year: 2018

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...

Capacity market under review

The Capacity Market (CM) is a government scheme to ensure that demand for electricity can be met at all times. The CM was introduced by the UK government in 2014 as part of its Electricity Market Reform package. It was put in place to respond to new challenges faced...

Wholesale prices hit fresh highs

Wholesale power and gas prices rose across the board in August, with many contracts rising for a sixth consecutive month. In the nearer term, day-ahead power went up 5.8% to average £60.9/MWh. Prices rose as low renewables output led to more expensive forms of generation meeting demand, with the...

August markets update

Gas market trends What’s been happening? In July, day-ahead gas prices increased 4.0% to average 57.7p/th Day-ahead gas prices have been driven higher by low levels of wind output, which increased gas demand for power generation, as well as strong demand for storage injection across Europe and low levels...

Business face shifting energy and carbon reporting landscape

The government aims to enable businesses and industry to improve energy efficiency by at least 20% by 2030, in order to enable the sector to contribute to low-carbon economic growth. As a result, effective energy and carbon reporting could play an increasingly prominent role to help monitor and improve...

Wholesale prices rise on low wind amid heatwave

Wholesale power and gas prices rose across the board in July, with many contracts rising for a fifth consecutive month. Day-ahead power prices grew 6.3% in July to average £57.6/MWh. Prices peaked at £59.5/MWh on 17 July amid lower renewables output caused by the ongoing heatwave. This has seen...

July Markets Update

Gas market trends What’s been happening? In June, day-ahead gas prices decreased 1.2% to average 55.5p/th. The month-ahead (July) gas contract went down 0.6% to average 54.6p/th, dropping to a low of 52.2p/th on 21 June. Gas prices witnessed bullish growth in May, with seasonal contracts from winter 18...