Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Category: Latest News

January markets update

Gas market trends What’s been happening? In December, day-ahead gas prices slipped 0.1% to average 64.3p/th, the third consecutive monthly decline The month-ahead (January) gas contract went down 4.0% to average 66.1p/th, ending the month at 61.2p/th Most seasonal gas contracts rose in December, up 1.1% on average Summer...

Flagship energy security scheme suspended

The Capacity Market (CM) is the UK government’s primary policy for ensuring that future electricity supply is secure. However, a recent EU court ruling led the scheme to be suspended and has raised questions about its future. How the CM works The CM was introduced in 2014 as part...

Wholesale prices experience mixed movements

All wholesale power contracts rose in December while gas contracts experienced mixed movements. Power contracts for delivery in the near-term rose in December. Day-ahead power increased for the first time in three months, up 2.6% to average £64.0/MWh. The contract rose as consumption levels picked up, while times of...

December markets update

Gas market trends What’s been happening? In November, day-ahead gas prices fell 3.5% to average 64.5p/th, the second consecutive monthly decline The month-ahead (December) gas contract went down 7.9% to average 68.1p/th, dropping to 64.5p/th on 26 November amid high LNG imports and forecasts of milder temperatures All seasonal...

Budget confirms key changes to energy tax rates

The Treasury delivered the Budget on 29 October, setting out revenues and expenditures for the coming tax year. While there was little on energy in Chancellor Philip Hammond’s speech, Budget documents provided clarity on issues including carbon pricing and Climate Change Levy (CCL) rates, as well as more detail...

Wholesale prices fall for second month

Many wholesale power and gas contracts fell for a second consecutive month, following commodities prices lower. A high influx of Liquified Natural Gas (LNG) imports across the month, and milder than expected temperatures, have led to comfortable gas supplies and below seasonal normal demand. Looking towards power contracts for...

November markets update

Gas market trends What’s been happening? In October, day-ahead gas prices decreased 9.8% to average 66.9p/th The month-ahead (November) gas contract went down 9.6% to average 70.6p/th, dropping to 64.5p/th on 31 October amid high LNG imports Most seasonal gas contracts fell in October, down 1.0% on average Summer...

Limiting global warning – challenges

On 8 October the UN’s Intergovernmental Panel on Climate Change (IPCC) published a new report described as its most urgent and far-reaching call yet for greenhouse gas emissions cuts. It compared the implications for different global average temperature increase scenarios and called for actions to limit warming to 1.5C...

Wholesale prices fall as winter approaches

Many wholesale power and gas contracts fell last month for the first time since June, following commodities lower as high LNG imports and comfortable power and gas supplies gave some relief as we move into winter. Looking towards power contracts for delivery in the near-term, day-ahead power went down...

October markets update

Gas market trends What’s been happening? In September, day-ahead gas prices increased 18.3% to average 74.1p/th The month-ahead (October) gas contract went up 16.5% to average 73.5p/th, peaking at 78.3p/th on 24 September All seasonal gas contracts grew in September, up 11.4% on average Winter 18 and winter 19...