The latest quarterly updates from our Benchmark Power Curves
Long-term, technology-specific power price forecasts are crucial for making sound investment decisions. But with the rapidly changing market landscape, obtaining credible, comprehensive insights can be a challenge. That’s where Cornwall Insight’s Benchmark Power Curves step in to deliver the forecasting expertise you need. Backed by our deep market knowledge and...
Coal exit and workforce shortages keep short-term power prices high
"Unfortunately, delays to workforce growth are hindering the transition, leaving all the NEM regions struggling to fill the void left by the retirement of coal generated power."
Irish power prices expected to drop as gas storage levels remain high
"With prices forecast to remain comparatively stable over the decade, there's cautious optimism that these price drops aren't just a temporary blip but rather symbolic of a sustained trend."
Wholesale price hikes and Ofgem updates raise price cap forecast
"With both Ofgem and the government seeking views on the future of the default tariff cap and consumer protection in general, it is apparent that we need an enduring solution to the challenge of energy bills that remain hundreds of pounds above the levels we saw prior to the energy...
Cornwall Insight responds to the ESO ‘Beyond 2030’ report
"Achieving these wind and solar capacity targets will demand substantial investment, not only in grid infrastructure but also in the renewable generation assets themselves."
Contracts for Difference Support Service
Our Contracts for Difference (CfD) Support Service is designed to provide detailed support to auction participants through the application and allocation round process. As part of the service you will receive two workshops, one at the start of the allocation round outlining key details of the CfD scheme and key known elements of the upcoming...
Two years on: How Russia’s invasion of Ukraine reshaped the UK’s energy landscape
Two years ago, on 24 February 2022, Russia launched a large-scale invasion of Ukraine. As well as causing widespread devastation and displacement, resulting in a humanitarian crisis, the ensuing conflict also had a wide range of consequences for the energy sector such as causing a structural change in European gas...
The 'Green power forecast' is part of our Revenue Streams & PPA insight service.
Japan Benchmark Power Curve
The Japan Benchmark Power Curve is a comprehensive power price modelling service, providing market and technology-specific forecasts in partnership with Shulman Advisory. It delivers long-term 30-year price forecasts, informed by significant market, policy, and regulatory expertise, along with direct access to our experts. Key Features: Key Benefits:
Cornwall Insight’s final forecast for the April price cap
"Fairly healthy gas supply across the Atlantic, coupled with high storage levels in Europe, are helping to keep bills down... but we cannot be sure another political or economic crisis won’t send bills straight back up."
Storage Profitability Benchmark Curve
The Storage Profitability Benchmark Curve is designed to provide a detailed revenue projection of battery storage projects across the National Electricity Market (NEM). This information has been curated to allow our clients to value, compare, and contrast potential battery storage projects earlier in development to make timelier and improved decisions...
Cornwall Insight key advisor in landmark Toucan Energy portfolio sale
"This transaction is not only a landmark event as the largest operational solar PV sale, but it will help continue to support the UK in moving towards its renewable energy targets."
Modelling the journey towards a low-carbon future: Focus on Japan
Join us for an exciting webinar where we will reveal exclusive insights from our brand-new Japanese Benchmark Power Curve. As Japan strives to achieve net zero emissions by 2050, our power revenue forecasting service – developed in partnership with Japan-based Shulman Advisory – offers complete coverage and insight across power...
Modelling the journey towards a low-carbon future: Focus on Ireland
Join us for an exclusive webinar where we will unpack the latest insights from Cornwall Insight’s forward curve for the All-Island (AI) Single Electricity Market (SEM), covering Northern Ireland and the Republic of Ireland. Discover how the expansion of renewable power is reshaping the island’s energy market and what it...
Price cap predictions continue to fall despite disruption in the Red Sea
"Healthy energy stocks and a positive supply outlook are keeping the wholesale market stable. If this continues, we could see energy costs hitting their lowest since the Russian invasion of Ukraine."
Modelling the journey towards a low-carbon future: Focus on Japan
Join us for an exciting webinar where we will reveal exclusive insights from our brand-new Japanese Benchmark Power Curve. As Japan strives to achieve net zero emissions by 2050, our power revenue forecasting service – developed in partnership with Japan-based Shulman Advisory – offers complete coverage and insight across power...
Learning curves and the many moving parts of the CfD Auctions
Learning curves are an important part of the toolbox of energy system modelling, representing the benefits of learning by doing and the economies of scale. The learning rate describes how as production doubles capacity cost reduces, so a learning rate of 15% would imply that as production doubles, costs would...
Power prices drop in Ireland as EU increases gas reserves
“While Irish energy prices will likely remain higher than pre-crisis levels for the foreseeable future, Ireland's renewable ambitions are pushing towards a more stable and sustainable energy future."
New FCAS markets could deliver big profits for batteries
"The potential for substantial profits, combined with the vital role batteries play in ensuring grid stability, means they are poised to be a driving force in this revolutionary energy landscape."
Calm after the storm although transition begins to lag | 2023 year in review
This year saw a return to relative calmness after the energy shocks of last year, while governments are playing an increasing role as the rate of new renewable generation lags. Spot pricing was subdued compared to last year, with no significant unexpected outages that caused sustained price spikes. Higher levels...
"Ultimately, waiting and hoping that we will avoid another global incident that sends energy prices climbing is not a sustainable strategy for government."
Cornwall Insight responds to the announcement of the January price cap
“Fundamentally, the solution extends beyond tweaking energy bills, given the underlying cause of rising energy bills over the last 24 months. We need a long-term strategy that reduces our dependence on imports of energy."
Cornwall Insight’s final forecast for the January price cap
"While we continue to advocate for immediate targeted support for vulnerable consumers, it is evident that the only enduring solution lies in transitioning the UK away from the influence of global energy prices towards sustainable, domestically sourced energy."
Price cap forecast to remain above current level until end of 2024
“While the UK will never be entirely protected from global price increases, reducing the country’s reliance on imported energy and prioritising sustainable, domestically sourced energy will help protect the country from international energy shocks."
Irish power prices to rise in 2024 while renewables goals hang in the balance
"Ireland is currently falling short of renewables targets and if this continues it will not only not hit climate goals but could also impact energy costs for consumers out to the end of the decade and beyond."
Keeping up to speed: latest developments in the flexibility space
Each month we hold our Flexibility Forum covering the latest developments in the flexibility space in GB, providing an opportunity for forum members to keep up to date with the goings on across policy, regulation, and markets – in a space that is seemingly everchanging and rarely static. In this...
In our ‘The VFF… Very Fast and Financially rewarding market so far’ Chart of the week, the two new contingency markets, the Very Fast raise contingency FCAS market and the Very Fast lower contingency FCAS, were analysed and demonstrated the high participation of big batteries along with VPPs and DERs....
Government’s offshore wind shortfall could delay net zero
"We can see the country is travelling in the right direction towards a renewables-based electricity system, however, our estimates continue to show it is simply not fast enough to deliver on government targets."