Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Category: Latest News

May Markets Update

Gas market trends All seasonal gas contracts rose in April, increasing 4.6% on average. Winter 19 gas gained 5.1% to average 56.2p/th. Summer 20 gas was 4.9% higher, averaging 46.5p/th during the month, a 17.3% increase from the same time last year. The annual October 19 gas contract rose...

Britain has first coal-free week

Britain has had its first week (May 1 – May 8) without using electricity from burning coal since the 1880s, according to the National Grid Electricity System Operator (ESO). The government plans to phase out the UK’s last coal-fired plants by 2025 to reduce carbon emissions. National Grid ESO...

PwC & Energy UK B2B survey

A recent survey by PwC and Energy UK has provided some interesting feedback on how businesses manage their energy needs. Over 500 UK businesses, ranging from the smallest energy consumers up to the largest industrial manufacturers, took part in the survey. Questions were asked on a diverse range of...

April Markets Update

Gas market trends What’s been happening? In March, day-ahead gas fell for the sixth consecutive month, down 16.5% to average 39.6p/th The month-ahead (April) gas contract dropped 15.3% to average 39.2p/th All seasonal gas contracts fell in March, decreasing 7.8% on average Summer 19 gas saw the biggest change,...

EC announces full Capacity Market investigation

The European Commission (EC) has announced that it is to carry out a full investigation of the GB Capacity Market (CM) in response to the European Court of Justice (ECJ) decision to annul the existing state aid approval. This is the latest in a series of developments that have...

Day-ahead gas and power lows

All wholesale power and gas contracts fell further in March as comfortable gas supplies continued and above seasonal normal temperatures eased gas and power demand. Day-ahead power declined 10.4% in March to average £45.0/MWh, with the contract ending the month at an 18-month low of £42.0/MWh. Prices followed the...

March markets update

Gas market trends What’s been happening? In February, day-ahead gas fell for the fifth consecutive month, down 18.9% to average 47.4p/th The month-ahead (March) gas contract dropped 18.1% to average 47.3p/th All seasonal gas contracts fell in February, dropping 5.3% on average Summer 19 gas saw the biggest change,...

Increasing role of PPAs in renewable projects

Power Purchase Agreements (PPAs) are emerging as a new route to market for renewable energy generation projects. PPAs are agreements signed by a power producer to provide energy to another party, such as a business, over a set period of time. They present opportunities for renewable developers to get...

Day-ahead gas falls to 17-month low

All wholesale power and gas contracts fell in February as comfortable gas supplies and record high winter temperatures eased gas and power demand. Day-ahead power continued to fall on the previous month, dropping 19.5% to average £50.2/MWh in February, following its gas counterpart lower. The contract went as low...

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...