Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: October 2019

October Markets Update

Gas market trends Natural gas prices decreased by 2% on average at the end of September, though began to recover at the start of October, partly as a result of positive renewables generation. Day-ahead closed the month of September at 24.80p/th, that is 2.3% lower, week-on-week, while month-ahead decreased...

Should Britain invest more in floating wind turbines?

The floating wind turbine is the ‘next frontier for wind power’, according to a BBC report which stated that Scotland is currently the world leader in this technology, with 56% of the world’s capacity. It’s estimated that if floating wind power is expanded as currently planned, there could be...

New North Sea oil field begins production

A large new oil field in the North Sea is estimated to benefit the Norwegian government by £80bn over 50 years. Named the Johan Sverdrup after the man who ‘fathered modern Norwegian parliamentary government in 1880s’, the oil field was discovered in 2010 and will deliver 660,000 barrels per...