Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Category: Latest News

July Markets Update

Gas market trends What’s been happening? In June, day-ahead gas prices decreased 1.2% to average 55.5p/th. The month-ahead (July) gas contract went down 0.6% to average 54.6p/th, dropping to a low of 52.2p/th on 21 June. Gas prices witnessed bullish growth in May, with seasonal contracts from winter 18...

Changes proposed to business exemptions

The UK government has introduced several policies to drive renewable energy growth to help meet low carbon targets. However, these have also increased the price of electricity for consumers. To help the UK’s energy-intensive industry (EII) businesses – such as mining, chemicals, steel, engineering and heavy manufacturing – remain...

Power and gas prices flatten

Bearish oil markets, warmer weather and an oversupplied gas system brought a prolonged period of price growth to an end in June, with some power and gas contracts showing falls. In the nearer term, day-ahead power slipped just 0.2% to average £54.2/MWh. Prices were relatively stable throughout June despite...

Gas and power markets update

Gas market trends What’s been happening? Day-ahead gas prices rose 9.4% to average 55.9p/th The month-ahead (June) gas contract climbed 14.0% to average 54.4p/th, peaking at 58.6p/th on 30 May Gas prices witnessed bullish growth in May, with seasonal contracts from winter 18 to winter 20 rising 11.5% on...

The role of gas in a changing energy landscape

As the UK shifts towards low-carbon sources of energy generation, gas continues to play a major role in the country’s current energy mix. But with the majority of coal power generation already replaced, what scope is there for the future of gas? As renewables capacity continues to increase and...

Power prices hit fresh highs on commodities upsurge

All power and gas contracts along the forward curve rose in May, with some reaching multi-year highs. Prices continued to be supported by a bullish commodity market which posted fresh highs for oil and carbon. Day-ahead gas prices climbed 9.4% to average 55.9p/th. Day-ahead gas prices dropped in early...

Gas and power markets update

Gas market trends What’s been happening? In contrast to all other contracts, day-ahead gas prices fell 17.8% to average 51.0p/th The month-ahead (May) gas contract climbed 7.7% to average 49.7p/th. May 18 gas reached its highest price since February 2017 in the middle of April, hitting 52.2p/th Bullish growth...

Network flexibility to provide new opportunities for business

Distribution Network Operators (DNOs), the companies that own the local wires and pylons that flow power to the majority of homes and businesses, are starting to trial a new suite of services to help them more actively manage their networks. These services, driven by a greater penetration of renewables...

Power prices hit fresh highs on commodities upsurge

The majority of power and gas contracts along the forward curve rose in April, with some reaching multi-year highs. Prices were broadly supported by a bullish commodity market which posted fresh highs for oil and carbon. Gas on the day-ahead market was an exception, dropping 17.8% to average 51.0p/th,...

Gas and power markets update

Gas market trends What’s been happening? Day-ahead gas prices grew 17.8% to average 64.1p/th. On 1 March prices reached its highest level since at least 2008 (125.0p/th) The month-ahead (April) gas contract climbed 6.9% to average £49.8/MWh Bullish growth was observed across all seasonal gas contracts, rising 2.4% on...