Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: February 2019

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...
Thank you! Your subscription has been confirmed. You'll hear from us soon.
Sign up to receive Energy Brief, which includes our monthly report on Industry News and Market Price Trends.