Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Category: Latest News

Markets Update January 2024

January saw a further reduction in markets across the curve, as mild temperatures and the continuation of strong supply factors put further downward pressure on prices. However, as the potential for the war in the Middle East persists, following the Houthi Rebels militant group continuing attacks on cargoes in...

Good News For Renewables

The International Energy Agency (IEA) has reported that global renewable energy capacity grew in 2023 faster than it has in the preceding two decades. This could put the the world within reach of meeting a key climate target by the end of the decade. Renewable energy grew by 50%...

Markets Update – December 2023

Strong supply fundamentals underpinned bearish market sentiment across December. EU Gas storage levels sat at just under 90% by the end of the year, boosted by mild temperatures experienced across the period. Based on the current storage levels and the continuation of further warmer temperatures, storage could potentially exceed...

Scottish Power Announces £5.4bn Investment in Electricity Network

ScottishPower has announced £5.4bn of investment in its electricity network delivering major changes to its green energy infrastructure and green jobs that will ‘bolster the grid for decades to come’. With electricity demand forecast to double in the next decade, the UK needs more than 600,000km of new or...

Nuclear Energy Output to be Maintained – EDF

EDF has announced plans to maintain output of 37.3TWh until at least 2026. According to a statement, plans to invest a further £1.3billion in the UK’s five generating nuclear power stations over the 2024-26 period will help sustain output at current levels, boost energy security and cut carbon emissions....

November 2023 Markets Update

Following the volatility of the previous month, November saw a return to a more stable marketplace. Despite the ongoing conflict in Gaza, this became less of a contributory factor on prices as initial concerns that the war may spread across the Middle East dissipated. The supply fundamentals remained very...

Green Projects Get Go-Ahead

The Government has announced 11 new production projects which will help to place the UK at the forefront of the hydrogen industry and work towards Net Zero ambitions. Over 700 jobs will be created across the UK in a world-leading hydrogen industry from the South West of England to...

National Grid Fast Tracks £90m Investment

National Grid has accelerated engineering works to address a bottleneck in connecting low carbon projects to the electricity network in South West England and Wales. The 82km upgrade of one its high voltage overhead electricity lines, between Bramley in Hampshire and Melksham in Wiltshire, has been brought forward to...

National Grid Accelerating Green Energy Projects

National Grid has announced it is speeding up the connection of up to 20GW of clean energy projects to its electricity transmission and distribution networks in England and Wales. 19 battery energy storage projects will be offered dates to plug in averaging four years earlier than their current agreement. ...

Good News for Green Energy

It’s good to see that electricity production generated from fossil fuels reached its lowest point since the pandemic according to a report by Imperial College London. Wind capacity in June reached 27.9GW in June, overtaking the 27.7GW installed capacity of gas.  It is the first time in more than...
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