Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: February 2019

February markets update

Gas market trends What’s been happening? In January, day-ahead gas fell for the fourth consecutive month, down 9.1% to average 58.5p/th The month-ahead (February) gas contract dropped 14.7% to average 59.5p/th, ending the month at 52.8p/th All seasonal gas contracts fell in January, dropping 4.2% on average Summer 19...

Project cancellations put UK’s nuclear future in doubt

After weeks of rumours, 17 January saw Hitachi confirm the suspension of Wylfa Newydd, a major nuclear power plant that it had planned to develop on Anglesey in Wales. The withdrawal of the 2,900MW project put a further dent in the government’s nuclear energy plans after Toshiba announced in...

Wholesale prices drop to 6-month lows

All wholesale power and gas contracts fell in January as comfortable gas supplies prevented below seasonal normal temperatures from supporting prices. Day-ahead power reversed the previous month’s gains, dropping 2.6% to average £62.3/MWh in January as it followed its gas counterpart lower. Despite this, day-ahead power rose to a...