Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Category: Latest News

Gas and power market update

Gas market trends What’s been happening? Most seasonal gas contracts experienced gains in September, rising 1.6% on average, with many reaching multi-month highs Winter 17 gas jumped 4.8% to 49.9p/th, 17.7% above its value of 42.4p/th in September 2016. Summer 18 gas gained 2.5% to 41.8p/th On 14 September,...

Gov’t auction delivers significant fall in low carbon power cost

The government announced on 11 September that a range of new energy projects, set to provide 3.3GW of new low-carbon electricity capacity, have been successful in the latest competitive auction for renewable technologies. The auction was limited to “less established” technologies, meaning some of the most familiar renewables like...

Commodities hit multi-year highs, power follows

A number of gas and power contracts hit multi-month highs in September, whilst Brent crude oil, API 2 coal and EU ETS carbon prices all reached multi-year highs. Day-ahead gas gained 8.1% to average 46.2p/th in September, its highest monthly average in seven months, as annual maintenance at a...

Engage employees in energy efficiency

Every employee has a role to play in energy efficiency. If you want to start reducing energy consumption in your business, you’ll need to engage your employees. Energy efficiency doesn’t always have to be complex to make a difference.  Simply by encouraging basic energy saving habits, you can save...

Gas and power market update

Gas Market Trends What’s been happening? All seasonal gas prices experienced gains in August, rising 3.8% on average, with many hitting multi-month highs Winter 17 gas jumped 5.9% to 47.6p/th, 8.9% above its value of 43.7p/th in August 2016. On 30 August, the contract reached a six-month high of...

Brexit: Potential risks and benefits to energy sector

Brexit could have significant implications for the energy sector. Domestic energy law and regulations are heavily influenced by EU rules and legislation, as countries across the European bloc look to increase energy interconnectedness. Unwinding elements of this will take some time and could be counterproductive to energy security and...

Commodities costs and power prices continue to climb

A number of gas and power contracts hit multi-month highs in August along with Brent crude oil, API 2 coal and EU ETS carbon prices. In August, day-ahead gas gained 18.0% to average 42.7p/th, its highest monthly average in six months, as Norwegian supply disruptions and an unplanned outage...

Gas and power market update

Gas market trends What’s Been Happening? Seasonal gas prices experienced mixed movements in July, rising 0.4% on average Winter 17 gas slipped 1.0% to 44.9p/th, slightly lower than its value of 46.0p/th in July 2016, and summer 18 gas trimmed 1.0% to 38.9p/th All gas contracts beyond summer 18...

Government sets out plan for a smart and flexible energy future

The government and the energy regulator Ofgem published their joint plan on 24 July to enable a smart, flexible future energy system. The Upgrading Our Energy System: Smart and Flexibility Plan outlined actions that will be taken to remove barriers to smart technologies, enable smart homes and businesses and...

Commodities hit multi-month highs, power follows

The majority of power contracts along the forward curve increased in July, supported by an underlying rise in commodity prices. In contrast, gas contracts experienced mixed movements. In July, day-ahead gas gained 3.4% to average 36.2p/th, halting a five-month downward trend as maintenance at both a major gas processing...