Press and media mentions
More information about us, the latest press releases that highlight key trends in the energy market, interviews and our mentions in the media.
Press Team
Our press team builds brand awareness within the wider market giving our experts a platform to share their analysis views on current market trends.
For media enquiries please contact v.sinclair@cornwall-insight.com
Press releases
Press Releases
Coal exit and workforce shortages keep short-term power prices high
The ongoing phase-out of coal facilities and the sluggish progress in launching new renewable energy projects, partly due to shortages in the skilled workforce, are poised to push electricity prices higher until 2030 as the next tranche of coal units retires. The latest NEM Benchmark Power Curve report from Cornwall…
Press Releases
Irish power prices expected to drop as gas storage levels remain high
New forecasts from Cornwall Insight’s SEM Benchmark Power Price Curve indicate power prices are set to fall in 2024-25. Power prices are expected to drop from an average €106 per MWh during the previous 2023-24 fiscal year, to €91 per MWh over the 2024-2025 fiscal year, marking a 14% decrease….
Press Releases
Hydrogen uncertainty could delay uptake of low-carbon heating
Without clear evidence on hydrogen’s role in home heating, the development of other low-carbon alternatives could be delayed, according to a new report from Cornwall Insight. The Hydrogen Index1 report urges the UK government to ramp up research to conclusively determine whether hydrogen is a viable option for domestic heating,…
Press Releases
Power price projections fall amid high European gas stocks
The latest projections from Cornwall Insight’s Q1 Power Curve suggest that the recent drop in power prices is here to stay, extending all the way to the end of the decade. The new data shows a striking decline in projected prices, which bodes well for both households and businesses, offering…
Press Releases
Wholesale price hikes and Ofgem updates raise price cap forecast
New Default Tariff Cap (price cap) forecasts from Cornwall Insight reveal a rise in predictions for both the July and October 2024 price cap periods against previous forecasts. Predictions for both quarters have risen by around 7%1, with a typical household2 now expected to pay £1,560 from July and £1,631…
Press Releases
Rewarding households for flexible energy use could transform energy systems worldwide
Global analysis conducted by Cornwall Insight has unveiled the potential of rewarding consumers for embracing energy-efficient behaviours. Launched at this year’s Distributed Energy Show, the report – Integrate to Zero: Rewarding Consumers for Energy Flexibility: global market highlights – written in partnership with Integrate to Zero, examines a wide array…
Press Releases
Cornwall Insight responds to the ESO ‘Beyond 2030’ report
Tom Faulkner, Head of Assets & Infrastructure and Networks at Cornwall Insight: “The report lays out the essential grid investments required to keep pace with the escalating electricity demand fuelled by the widespread adoption of heat pumps and electric vehicles. “With our sights set on a secure, low-carbon electricity grid…
Press Releases
Cornwall Insight responds to the Government’s announcement on UK energy security
Kate Mulvany, Principal Consultant, at Cornwall Insight said: “Today’s consultation gets the UK one step closer to a secure and future-proofed energy landscape. Bolstering national power infrastructure and ensuring energy security will not only help insulate future bill-payers from global uncertainties, but also foster a sustainable path towards net zero….
Press Releases
Response to the extension of the Energy Profits Levy
Kate Mulvany, Principal Consultant at Cornwall Insight said: “Increasing the duration of the oil and gas windfall tax (Energy Profits Levy) could be seen as positive for decarbonisation if the resulting profits are used to deliver the UK’s net zero plan. Yet, without a solid transition strategy away from the…
Press Releases
Cornwall Insight named one of UK’s leading management consultancies in latest FT awards
We are excited to announce that Cornwall Insight has once again been recognised as one of the leading management consultants in energy, utilities & environment by the Financial Times. This is the fifth time Cornwall Insight has featured on the list, which is based on feedback from clients and peers…
Press Releases
Cornwall Insight responds to the announcement of the April price cap
Ofgem has today announced the April Default Tariff Cap (price cap) at £1,690 a year for a typical dual fuel consumer1. This is a 12% decrease from January’s cap set at £1,928 a year. A healthy flow of gas across the Atlantic, coupled with a relatively mild winter, has seen…
Press Releases
Cornwall Insight’s final forecast for the April price cap
The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight has announced its final forecast for the April – June Q2 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on…
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