Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: August 2020

Extension to Climate Change Agreement Confirmed

The Government has confirmed that the Climate Change Agreement, initially set to end in March 2023, will be extended for a further two years. The Climate Change Agreement (CCA) was established by the Government to provide tax breaks to businesses that actively reduce their energy consumption. Since its set...

BP to Cut Oil and Gas Production by 40% by 2030

As oil and gas demand continues to decline, Bernard Looney, CEO of BP, said that the company aims to cut the amount of oil and gas it produces by 40% by the end of 2030. On Tuesday 4th August, the energy giant announced that it will be working on...

August Markets Update

Gas Gas prices nudged higher at the start of July though a rise in renewables production reduced gas-fired power demand for a short period. Market close data on 31st July revealed that the 1-year forward price for commercial gas decreased since last month, closing at 30.53ppt. Power Commercial electricity...
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