Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

Category: Latest News

UK Coal Power Plant Fired Up as Gas Prices Soar

As a result of depletions in gas storage and supply, the UK’s National Grid ESO fired up an old coal power plant in early September to meet the country’s electricity needs. The rise in gas prices coupled with unusually warm weather for this time of year has meant that...

How Will Energy Supply Issues Impact Your Business?

Wholesale gas prices have surged by 250% since the beginning of the year, disrupting the country’s supply chains and driving prices significantly upwards marketwide. But how will this impact your business’ energy consumption? And how can you protect yourself from upcoming surges? Gas prices have skyrocketed over recent weeks,...

October Markets Update

Gas Despite gas storage reaching average levels last month, gas market prices continued to skyrocket throughout September, causing various energy providers to go bust and triggering a range of supply chain issues across the country. The same issues that have plagued the country throughout the year continue to pressurise...

September Markets Update

Gas Despite Europe’s ongoing storage and supply issues over the past few months, UK gas storage has now reached average levels for this time of year after facing significant reduction for many months. Nevertheless, prices remain high, supported by poor supplies into Europe of both piped gas and LNG....

OFGEM Pledges £450m Funding for Greener Business Power

OFGEM has launched a new £450 million “Strategic Innovation Fund” to support greener innovation to heat homes and businesses, store energy, or transport goods and people across Britain. As part of the regulator’s support to reach the UK’s net-zero target by 2050 and lower energy bills for consumers, the...

August Markets Update

Gas Gas prices dropped slightly during the first half of July despite day-to-day volatility. However, by the end of the month, prices had rocketed to record highs. Supply uncertainty continues throughout July as the UK’s gas storage levels remain unable to start a recovery. This is due in part...

Grid Emissions Rise Amid 34-Day Coal Burning Streak

Figures from the National Grid ESO show the UK grid’s carbon intensity is already higher for 2021 than in 2020. 2020 saw the UK on track to meet its targets to cease burning coal for power generation by 2025. However, as the UK Government announced plans to bring this...

US and Germany Reach Deal Over Russian Gas Pipeline

A deal has been struck between the US and Germany to allow completion of the controversial $11 billion Nord Stream 2 pipeline. The nearly complete 1,230km (764 miles) pipeline under the Baltic Sea has been a long-standing point of contention between the otherwise aligned regions. The agreement, announced on...

July Markets Update

Gas UK gas storage levels are still struggling to recover from earlier in the year and even dropped towards the end of June, a period when we would usually see them increase. This was largely due to low gas flows from Norway (caused by maintenance and unplanned outages) and...
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