• Inenco has 25TW (£2.4bn) energy under management, which could power the whole of Ireland for an entire year!
  • We have one quarter of the total energy use by UK Industry under management
  • Our customers are paying 48% less than the market price for their gas commodity. That's a saving of £480k per £1m that would have been spent
  • Our experts process over 93,000 invoices per month and we've recovered over £11m in over-charges for our clients in the last year
  • Inenco look after 8,000 customers across the group, managing 140,000+ meter sites
  • We provide support to over 500 businesses for energy and carbon management
  • Inenco supported over 320 organisations with ESOS Phase 1 compliance and carried out more energy surveys than any other independent consultant in the UK
  • Our solutions team have identified savings of £37.5m per annum for our clients, a total of 495,338,992 kWh savings identified
  • Last year we saved our CCA clients alone £25.5m

Hinkley Point – Energy Analyst Comment From Inenco

21st September 2015

Hinkley Point – energy analyst comment from Inenco

Following this morning’s announcement by Chancellor George Osborne that the UK will guarantee a £2bn deal under which China will invest in the Hinkley Point nuclear power station, Inenco’s Principal Risk Manager Matt Osborne said:

“New nuclear will have to play an important role in the UK’s future energy mix with an increasing amount of intermittent renewable power on the system, and the market has been increasingly anxious about the delays to the Hinkley Point project and its implications on future security of supply. The agreement to underwrite a £2 billion loan may well secure the investment decision to build a new nuclear plant at Hinkley Point, but this security of supply comes at a price. Hinkley Point has already secured a high subsidy, agreed before the price of oil dropped substantially with a corresponding reduction in power prices*.  With the recent reductions in support for renewables, now is the time to review the total economic case for nuclear, to avoid locking UK taxpayers into an expensive deal that will leave them overpaying for the plant for the next three decades”.

*Power prices have fallen 21% or £11.79MWh since the strike price was announced in October 2013, based on a weighted average of the front two seasons. Brent oil prices have dropped from $110 to $48/barrel.