Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Year: 2022

Crown Estate Invests in ‘Green’ Windfarm Research

The Crown Estate has announced it is partnering with a range of UK-wide expert bodies to launch three significant research projects that will help to enable the coexistence of offshore wind farms with a thriving marine environment. Led by Natural England, Scottish Government and the Royal Society for the...

Record Petrol Prices

The rising cost of petrol is putting pressure on consumers and businesses alike. Earlier this week, figures were announced by the RAC to show the cost of filling the average family car now exceeds £100 for the first time. Sky News reported that the situation will likely worsen the...

June Markets Update

Gas May saw the UK gas market finally settle close to pre-Ukraine Invasion levels, however it remains volatile due to a swinging balance between increasing geopolitical sanctions and improving outlook for short-term supply. Anxiety remains in the European gas market as countries continue to navigate their way around both...

Do We Need A New Energy Bill?

Energy UK has called for new energy legislation to provide the necessary framework and support for the government’s commitments to build a low carbon power system by 2035. The organisation says a new Energy Bill could focus on the expansion of technologies such as carbon capture and storage, moving...

£20bn Investment in UK Energy Supply

There are suggestions that the energy industry will invest £20bn on UK projects to extract oil and gas over the next four years as part of a drive to gain a secure supply of affordable energy. This interesting article in The Guardian questions what portion will go into renewable...

May Markets Update

Gas Following on from a turbulent March and barring a short-lived bounce at the start of the month, the gas markets are beginning to find some stability and started to ease across April, as we enter the spring season. Despite this initial stability in the European gas markets, there...

Carbon Trust Launches New Standard

The Carbon Trust has launched a new Route to Net Zero Standard, a key driver in its mission to accelerate the move to a decarbonised future. The organisation says that with over 1,000 companies worldwide setting science-based emission reduction targets*, the challenge now is creating and delivering the action...

April Markets Update

Gas The UK gas market opened in March on an aggressively upward curve, on the back of Russia’s invasion of Ukraine and the potential geopolitical sanctions and supply-chain issues which followed. These fears peaked on 7th March resulting in all-time market record highs. However, with these prices unsustainable, supply...

New UK Energy Strategy – Key Points

The UK’s new energy strategy means that up to eight more nuclear reactors could be approved on existing sites. There are also plans to increase hydrogen, solar and wind production in an effort to improve UK energy independence and tackle rising prices. According to the BBC, the Government’s plans...

March 2022 Markets Update

February Market Commentary Gas The UK gas market opened in February in a bearish trend, softened by positive fundamentals such as strong wind strengths, above-average temperatures, and a steady flow of LNG cargoes arriving throughout the month. Mid-month, the markets were severely disrupted with the news of Russia’s invasion...
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