Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Author: Innovative Energy

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...

New office manager joins IEC

We are delighted to welcome Lynn Jones, our new office manager, to the team here at IEC. Lynne is an experienced office manager – she’s extremely organised and has a good eye for detail.  In her new role she will be responsible for administration and providing support to our...

Is it time to review your costs?

With the price of energy now at a record low, it could be a good time to review your energy contract.  Even if your contract isn’t due for renewal for some time, you can still potentially secure a new contract at a better rate to begin when your current...

New Welsh energy commitments

The Welsh Assembly has passed new climate change legislation committing the country to cutting carbon emissions by at least 80 per cent by 2050. According to the industry title Business Green, the introduction of the binding carbon reduction commitments will also require Natural Resources Wales (NRW), the Welsh body...

UK to face electricity supply challenge

A new report has warned that the government’s current energy policy framework risks leaving the UK short of the necessary electricity supplies to meet demand from end users by the middle of the next decade. Released on 26 January, the study, by the Institution of Mechanical Engineers (IMechE), analyses...

Power prices hit record low

Record low oil prices continued to drag UK gas and power contracts down in January. Sharp falls in oil prices, which dipped below $30/bl in January, remained the primary driver of gas contracts throughout. Summer 16 gas dropped 10.3% to average 29.3p/th.  Furthermore, a strong UK gas supply outlook...

Saving money for small businesses – case study

Gipsy Hill is a young brewery based near Crystal Palace, London, and a good example of how we can help small businesses to reduce cost.  Most of the energy used in the brewing process relates to heating and chilling, requiring a significant use of gas and electricity as a...

Keep abreast of regulatory changes

Regular readers of Energy Brief will be aware that the Government intends to reform the business energy efficiency tax landscape.  The reforms will affect all businesses involved in current Climate Change Levy Agreement Schemes and the Carbon Reduction Commitment Scheme. The government announced the review at the Summer Budget...

Government sets out new energy strategy

Major energy users have welcomed a series of proposed changes to the energy policy landscape, with the government placing renewed focus on security of supply and keeping consumers’ bills down. On 18 November energy and climate change secretary Amber Rudd delivered her first major policy speech, setting out the...

Seasonal power and gas contracts decline

Seasonal power and gas contracts declined to record lows in November.  Annual April 16 gas fell 9.0% to average 36.9p/th, as lower oil prices and a strong supply outlook weighed on the contract. Rising LNG supplies are expected to continue in the medium and long-term with imports up 35.9%...
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