Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: December 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...