Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: July 2018

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...

Changes proposed to business exemptions

The UK government has introduced several policies to drive renewable energy growth to help meet low carbon targets. However, these have also increased the price of electricity for consumers. To help the UK’s energy-intensive industry (EII) businesses – such as mining, chemicals, steel, engineering and heavy manufacturing – remain...

Power and gas prices flatten

Bearish oil markets, warmer weather and an oversupplied gas system brought a prolonged period of price growth to an end in June, with some power and gas contracts showing falls. In the nearer term, day-ahead power slipped just 0.2% to average £54.2/MWh. Prices were relatively stable throughout June despite...