Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Category: Latest News

Dogger Bank Wind Farm Set to Power Surge in Clean Electricity

Off the coast of North Yorkshire, the construction of the biggest wind farm ever built continues to progress, with almost 200 turbines erected at what has been named “Dogger Bank wind farm” in the North Sea. The construction of the Dogger Bank wind farm will allow for large growth...

Risky Oil Outlook for First Half of 2021, According to OPEC

With OPEC+ due to meet on January 4th, OPEC members voice concern about the outlook for oil production in the first half of 2021, with Secretary-General of OPEC, Mohammad Barkindo, claiming: “amid the hopeful signs there are still many downside risks to juggle.” In December, Russia and the...

January Markets Update

Gas Market data has continued to climb over the last month, with the one-year forward price for commercial gas closing at 44.00 ppt at the end of December (up from 38.81 ppt at the end of November). Continued cold weather over the coming weeks will result in increased demand...

COVID Crisis Slows Energy Efficiency, Increasing Need for Urgent Action

International climate goals are under threat following energy efficiency’s weakest progress in a decade. Global progress on energy efficiency has slowed this year due to the economic impact of the Coronavirus pandemic, making it more difficult for nations to reach international energy and climate goals. According to a new...

Oil Rises Towards $50/bbl following OPEC+ Supply Compromise

Following a cautious supply agreement between Russia and the Organisation of Petroleum Exporting Countries (OPEC), oil prices have reached their highest level since March. On Thursday 3rd December, Russia and OPEC (a group known as OPEC+) agreed to boost oil supplies by 500,000 barrels a day from January, a...

December Markets Update

Gas On 30th November, market close data revealed the one-year forward price for commercial gas closed at 38.81 ppt, a small rise since the end of October (88.60 ppt). With a cold weather forecast for the month ahead, this upward trend is expected to continue throughout December.   Power...

Solar Energy to Lead Renewable Power Surge

Although hydropower remains the largest renewable source, solar is predicted to grow astronomically in the next decade, followed by onshore and offshore wind. In the latest World Energy Outlook report, the IEA (International Energy Agency) found that solar projects are offering some of the cheapest electricity ever seen and...

The Future of Energy? Hydrogen, Nuclear, and Renewables

The Committee on Climate Change continues to advise the UK government on its target to reach net-zero emissions by 2050. Talks centre around electrifying transport and industrial processes and generating “green hydrogen”. As The Committee on Climate Change continues discussions with the UK on energy strategies to meet the...

November Markets Update

Gas Market close data on 30th October revealed the one-year forward price for commercial gas stood at 38.60ppt, a decrease since earlier in the month, though still an increase since the end of September (37.3ppt). Gas prices decreased sharply at the beginning of the month, pressured down by weakening...

Plans Unveiled to Make UK World Leader in Green Energy

Prime Minister, Boris Johnson, recently set out commitments to ensure the UK will be at the forefront of the green industrial revolution by 2030. As part of his plans to ‘Build Back Greener’, Mr Boris Johnson has developed new plans to make the UK a world leader in clean...
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