Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Category: Latest News

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...

Project cancellations put UK’s nuclear future in doubt

After weeks of rumours, 17 January saw Hitachi confirm the suspension of Wylfa Newydd, a major nuclear power plant that it had planned to develop on Anglesey in Wales. The withdrawal of the 2,900MW project put a further dent in the government’s nuclear energy plans after Toshiba announced in...

Wholesale prices drop to 6-month lows

All wholesale power and gas contracts fell in January as comfortable gas supplies prevented below seasonal normal temperatures from supporting prices. Day-ahead power reversed the previous month’s gains, dropping 2.6% to average £62.3/MWh in January as it followed its gas counterpart lower. Despite this, day-ahead power rose to a...

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...