Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: May 2020

TESLA OFGEM APPLICATION

Tesla has submitted an application to Ofgem to become a power generator in the UK. It is unclear what Tesla’s intentions are behind the application though the license requests permission to generate electricity to supply ‘any premises’ in Great Britain. The company built the world’s-largest lithium-ion battery in South...

CHANGES TO CCL RATES

The CCL is a UK wide tax on energy and fuels which are purchased by businesses and the public sector, introduced in 2001. The main rates are paid by suppliers to the government, who then pass on these costs to their non-domestic customers via their utility bills. Changes to...

MAY MARKETS UPDATE

Gas Gas prices decreased towards the end of April Longer contracts remained bearish, taking direction from weaker oil and coal. A drop in temperature lifted residential demand, however. The 1-year forward price was at 30.65ppt by April 29th.   Power Power prices eased downwards at the end of April....