ICIS, the independent authority on global energy markets, has launched the ICIS Power Index (IPI), which provides UK energy users, commercial buyers and policy-makers with a simple way to see wholesale energy price trends that impact the retail market.
The index, which delivers insight into the complex world of wholesale energy prices for both households and industrial electricity consumers, is updated every working day and is freely available from the ICIS website.
The IPI is based on daily trade data for a whole year of delivery, which helps prevent confusion caused by seasonal price trends. The index reflects what is really going on in the market on any given day as it is based on real activity on two of the most widely traded contracts.
The UK electricity market is complex – every day, ICIS assesses electricity contracts for more than 40 different delivery periods for the UK market alone. The IPI gives a simple reference, and ICIS will provide its expert, detailed analysis of the index to highlight industry trends on a quarterly basis.
