Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: February 2021

Undersea Electricity Link Becomes Fully Operational

An IFA2 interconnector between Hampshire and Normandy began to flow at full capacity at 11 am on 22nd January. The UK, in collaboration with French power firm RTE, established a two-way interconnector across the channel as part of a £700million shared investment. The UK’s fourth power exchange with continental...

BP Reports Record Loss Due to Covid-19

Oil giant, BP, has suffered an astronomical loss of £4.2billion this year after oil prices and demand fell throughout COVID-19. The oil company took an exceptional loss as Brent Crude oil prices dropped sharply from £44/b at the beginning of 2020 to less than £13/b in April. BP’s huge...

February Markets Update

Gas Demand levels are forecast to increase strongly over the coming weeks as a result of colder weather and low renewable power generation. Gas prices have continued to rise throughout January, with the one-year forward price for commercial gas closing at 47.98 ppt on 29th January (an increase of...
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