Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Category: Latest News

Energy UK plan for carbon technologies

“While increased climate risks predominantly fall on the most vulnerable parts of society and the planet, it is mainly the developed countries that can make all the difference through the neutralisation of greenhouse gases.” This is according to a report by Energy UK. The organisation called on the government...

UK’s first deep coal mine to go ahead

The UK’s first deep coal mine in decades is to be built by West Cumbria Mining near Whitehaven. Woodhouse Colliery would extract coking coal from the seabed off St Bees, creating potentially hundreds of jobs.  The company leading the development says it hopes to begin work on the site...

November Markets Update

Gas Gas prices dropped at the start of the month as a result of increased supply. Day-ahead closed at the end of October at 28.25p/th. Month-ahead dropped by 5.4%, settling at 40p/th at the end of October but increasing to 42.65p/th at the start of November.   Electricity Day-ahead...

October Markets Update

Gas market trends Natural gas prices decreased by 2% on average at the end of September, though began to recover at the start of October, partly as a result of positive renewables generation. Day-ahead closed the month of September at 24.80p/th, that is 2.3% lower, week-on-week, while month-ahead decreased...

Should Britain invest more in floating wind turbines?

The floating wind turbine is the ‘next frontier for wind power’, according to a BBC report which stated that Scotland is currently the world leader in this technology, with 56% of the world’s capacity. It’s estimated that if floating wind power is expanded as currently planned, there could be...

New North Sea oil field begins production

A large new oil field in the North Sea is estimated to benefit the Norwegian government by £80bn over 50 years. Named the Johan Sverdrup after the man who ‘fathered modern Norwegian parliamentary government in 1880s’, the oil field was discovered in 2010 and will deliver 660,000 barrels per...

September Markets Update

Gas market trends All seasonal gas contracts fell in August, down 2.3% on average. Winter 19 gas was 5.5% lower with an average of 48.7p/th. Summer 20 gas was down 3.0% to average 44.7p/th. The Annual October 19 gas contract dropped 4.3% to average 46.7p/th. Day-ahead gas fell 5.6%...

Updated guidance on scheme for energy-saving technologies

The Government has updated its guidance on the Enhanced Capital Allowance Scheme for energy-saving technologies. The aim of the scheme is to help organisations to invest in energy-saving equipment with the incentive of tax efficiencies. The scheme aims to make it easier to identify energy efficient products and remove...

MPs ask government to support onshore wind

More than 150 MPs and environmental groups have signed a letter to the Prime Minister to press the government to remove barriers to onshore wind in the UK. The MPs asked for: Amendments to the National Planning Policy Framework to ensure onshore wind developments of less than 5MW are...

August Markets Update

Gas market trends Gas supplies were tighter in July as only five LNG tankers arrived at UK terminals. Day-ahead gas prices increased for the first time since September 2018, rising 7.1% to average 30.0p/th in July. The contract peaked at 38.4p/th. August 19 gas rose 4.2% to average 29.8p/th....