Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: August 2018

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...