Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: January 2020

Renewables Sector Gathers Pace

The UK’s renewables sector produced more than fossil fuel plants on a record 137 days last year according to a report by Carbon Brief and reported by The Guardian. Renewable energy (wind, solar, hydro and biomass) grew by 9% and was the largest electricity source in March, August, September,...

Middle East Tensions Lead to Rise in Oil Prices

Last week, oil prices jumped after the killing of the Iranian General by the US. Brent crude oil increased by more than 3%, hitting $69.50 per barrel, the highest it has been since September. Commentators have warned that the potential disruption to the global oil market from conflict in...

January Markets Update

Gas Gas prices dropped in December as a result of record levels of LNG cargoes and high levels of storage carried over from the previous month. Day-ahead closed before Christmas at 31.0p/th while month-ahead decreased by 8.2% to settle at 35.0p/th. At the start of January, gas prices rose,...