Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: May 2021

May Business Energy Markets Update

Gas In contrast to March, temperatures dropped below the seasonal norm which resulted in undersupply due to high demand and reduced LNG output. Prices were also affected by limited renewable power. The one-year-forward price has increased since last month, with commercial gas closing at 56.14ppt on 30th April, compared...

Clean energy demand from IEA for critical minerals

The International Energy Agency has called on the UK government to ensure the reliable, sustainable supply of critical battery minerals, important for clean energy technologies like electric vehicles and wind turbines. Announcing the report, the IEA said: “Supplies of critical minerals essential for key clean energy technologies like electric...

Efficiency could be underpinned by Super-deduction tax

In the March Budget, Chancellor Rishi Sunak announced ‘super-deduction measures’ which mean that businesses can deduct 130% of their tax bill on capital expenditure connected with plant, machinery and efficiency work. The government aims to incentivise businesses to make additional investments and increase spending, in a bid to improve...
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