Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Month: February 2022

Ofgem lifts Energy Price Cap Resulting in 54% increase

From April 1st, domestic energy prices will be increasing by 54% for nearly 22 million customers. Driven by a record rise in wholesale gas prices in the last six months on top of wholesale pricing quadrupling in the last year, industry experts do not see the situation calming in...

If Russia Invades Ukraine, What Will Happen to Europe’s Energy Supply?

With worldwide prices skyrocketing, little renewable energy production and the recent cold winter depleting supplies, the continent is bracing itself for a possible cut-off as retaliation for siding with Ukraine. In recent weeks, fears are rising about the possible invasion of Ukraine from the estimated 100,000  Russian troops stationed...

February 2022 Markets Update

January Market Commentary Gas The UK gas market softened through the start of January, on the back of improved forecasts of milder weather, stronger winds for renewables, and reports of record numbers of LNG cargoes scheduled for delivery during January. However, as the geopolitical tensions around the Ukrainian border...
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