Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Year: 2019

Labour Party Announces Nationalisation Plans

Last month the Labour Party announced that it would take the National Grid back into public ownership. Its Bring Energy Home plan would bring the four licensed electricity and gas transmission companies back into public ownership and ‘replace existing private monopolies with publicly owned and locally run institutions’. A...

Government consultation on energy efficiency for SMEs

Last month saw the close of the formal ‘Call for Evidence’ on the Government’s Energy Efficiency Scheme for Small and Medium Sized Businesses. It’s thought the scheme could help create up to £2.5 billion a year in savings for SMEs and support the government’s target to ensure all businesses...

June Markets Update

Gas market trends All seasonal gas contracts fell in May, decreasing 3.0% on average. Winter 19 gas dropped 3.1% to average 54.5p/th. Summer 20 gas lost 2.7%, averaging 45.2p/th in May, a 3.1% increase from the same time last year. The annual October gas contract fell 2.9% to average...

May Markets Update

Gas market trends All seasonal gas contracts rose in April, increasing 4.6% on average. Winter 19 gas gained 5.1% to average 56.2p/th. Summer 20 gas was 4.9% higher, averaging 46.5p/th during the month, a 17.3% increase from the same time last year. The annual October 19 gas contract rose...

Britain has first coal-free week

Britain has had its first week (May 1 – May 8) without using electricity from burning coal since the 1880s, according to the National Grid Electricity System Operator (ESO). The government plans to phase out the UK’s last coal-fired plants by 2025 to reduce carbon emissions. National Grid ESO...

PwC & Energy UK B2B survey

A recent survey by PwC and Energy UK has provided some interesting feedback on how businesses manage their energy needs. Over 500 UK businesses, ranging from the smallest energy consumers up to the largest industrial manufacturers, took part in the survey. Questions were asked on a diverse range of...

April Markets Update

Gas market trends What’s been happening? In March, day-ahead gas fell for the sixth consecutive month, down 16.5% to average 39.6p/th The month-ahead (April) gas contract dropped 15.3% to average 39.2p/th All seasonal gas contracts fell in March, decreasing 7.8% on average Summer 19 gas saw the biggest change,...

EC announces full Capacity Market investigation

The European Commission (EC) has announced that it is to carry out a full investigation of the GB Capacity Market (CM) in response to the European Court of Justice (ECJ) decision to annul the existing state aid approval. This is the latest in a series of developments that have...

Day-ahead gas and power lows

All wholesale power and gas contracts fell further in March as comfortable gas supplies continued and above seasonal normal temperatures eased gas and power demand. Day-ahead power declined 10.4% in March to average £45.0/MWh, with the contract ending the month at an 18-month low of £42.0/MWh. Prices followed the...

March markets update

Gas market trends What’s been happening? In February, day-ahead gas fell for the fifth consecutive month, down 18.9% to average 47.4p/th The month-ahead (March) gas contract dropped 18.1% to average 47.3p/th All seasonal gas contracts fell in February, dropping 5.3% on average Summer 19 gas saw the biggest change,...