Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Author: Claire Parker

Hard times ahead for UK householders

Householders look set to face energy bills as high as £4,266 next year according to Cornwall Insight and reported by the BBC. This means the average household would be paying £355 a month – at the moment, the average household energy bill is £164 a month. In the report,...

Fears for German energy as Ukraine crisis continues

The ongoing conflict in Ukraine is posing significant difficulty for Germany which is reliant on Russia for gas supply. An article published by Bloomberg stated that Germany has ‘little time to lose to avert an energy shortage this winter that would be unprecedented for a developed nation.: Although much...

August Markets Update

Gas The month started bullishly with news that the fire damage caused at the Texas LNG Terminal was more severe than originally thought, meaning full operations may not resume until the end of the year. Additionally, threats of an impending strike from Norwegian gas workers which would reduce flows...

Floating wind farm plans

The coasts of Cornwall and Pembrokeshire could be used as the sites for floating windfarms after the crown estate published 5 ‘areas of search’ that will be narrowed into development plots to host wind power generation. According to a report by The Guardian: Once the project development areas have...

Oil price – stratospheric or dropping?

Global oil prices are very much in the news at present. JPMorgan Chase analysts recently warned that global oil prices could reach a “stratospheric” $380 a barrel if Russia were to retaliate against the sanctions imposed by the G7 countries by cutting its crude oil output. However, Citigroup has...

July Markets Update

Gas Following a settled spring, the market bounced mid-June following news breaking of a fire at a US LNG Terminal in Freeport, Texas and growing reports of the potential supply disruption which may occur during the approaching period of Nord Stream 1’s maintenance. Anxiety around European supply continues to...

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...
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