Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: August 2019

August Markets Update

Gas market trends Gas supplies were tighter in July as only five LNG tankers arrived at UK terminals. Day-ahead gas prices increased for the first time since September 2018, rising 7.1% to average 30.0p/th in July. The contract peaked at 38.4p/th. August 19 gas rose 4.2% to average 29.8p/th....

Power cut causes disrupton

Two power stations disconnected from the National Grid for 15 minutes earlier this month, but caused havoc for rail commuters. While two power stations shutting down at the same time is a ‘very rare incident’, they can cause a ‘domino effect’ where other generators struggle to make up for...

Digest of UK Energy Stats published

The Department for Business, Energy and Industrial Strategy (BEIS) released its Digest of UK Energy Statistics for 2019 on 25 July. Key points published in the document include: In 2018, UK energy production was up 2.9 per cent on a year earlier. The rise was driven by growth from...