Dr Craig
Lowrey

Principal Consultant

Phone: +44 (0) 1603 542104
Email: c.lowrey@cornwall-insight.com

Craig has over 25 years experience in the energy sector, building upon academic research to apply knowledge and skills in a wide range of roles including consultancy, wholesale and retail trading, procurement and risk management.

Joining Cornwall Insight in 2016, Craig has provided in-depth analysis and modelling to inform investment and procurement decisions across a wide range of public and private sector clients.

This has included leading Cornwall Insight’s work contributing to the Scottish Government’s establishment of its planned Public Energy Company, analysis and reporting of the impact of the GB domestic energy market’s default tariff price cap on energy market innovation, and an assessment of the impact of potential regulation of energy third party intermediaries (TPIs) and brokers.

He graduated from Brunel University in 1999 with a PhD in Economics, having completed a BA in Economics at the University of Sunderland in 1993.

Latest thinking

Home supply and services

Price cap to remain significantly above £3,000 a year until at least 2024

Our latest forecasts for the Default Tariff Cap have shown a typical household’s energy bill will be well over £3,000 a year for the next 15 months, with the average bill over Summer 2023 (Apr-Sep) sitting at £3,649 – just over £300 per month. We have also updated the predictions...

Home supply and services

Default Tariff Cap forecast climbs further as Ofgem announcement looms

As the energy market continues to grapple with global political and economic uncertainty, the corresponding high wholesale prices, and the UK’s continued reliance on energy imports has once again seen predictions for the domestic consumer Default Tariff Cap rise to what are even more unaffordable levels. New forecasts from Cornwall...

Home supply and services

A Q&A with our price cap specialist, Principal Consultant Dr Craig Lowrey

We recently held an interview with our price cap specialist, Principal Consultant Dr Craig Lowrey. This discussed recent concerns over the price cap, what makes these predictions useful for domestic and non-domestic consumers and more. Dr Craig Lowrey has over 25 years’ experience in the energy sector, building upon academic...

Home supply and services

New forecasts for the January Default Tariff Cap rise to over £3,000 for a typical user

This week Cornwall Insight released its updated forecasts for the Default Tariff Cap. Q1 2023 which runs from January to March rose to over £3,000 for a typical user, the highest Cap we have ever seen, with the last quarter of 2022 Q4 running from October to December predicted to...

Home supply and services

Tapestry: Ofgem’s new quarterly Default Tariff Cap

This article was extracted from our Energy Spectrum publication published 23 May 2022. Energy Spectrum is a weekly news service which keeps you up-to-date with developments in the market. For the full article please contact Jack Hunt at j.hunt@cornwall-insight.com The announcement by Ofgem of its minded-to decision in respect of...

Business supply and services

Businesses facing a 250% increase in gas bills

The past two years have been incredibly tough for SMEs, with many still struggling to keep their heads above water. To add to what is already a difficult time, Cornwall Insight’s ‘Pricing in the SME gas markets’ quarterly report has shown, that on a year-on-year basis, SME customers are facing...

Business supply and services

With great power comes great responsibility – what can be done for customers and suppliers in these challenging times?

Given that the situation in the wholesale markets shows no signs of abating, both the government and Ofgem have a shared responsibility for helping to steward the energy sector through a period of profound challenges for suppliers as well as for their customers. Furthermore, the risk of structural damage to...

Commercial and market outlook

Price cap set for 46% rise for Summer 2022, Winter 2022-23 cap may exceed £2,000

Following further highs in wholesale prices and the costs associated with the raft of supplier failures seen in the last few months, Cornwall Insight is forecasting that the domestic default tariff price cap for Summer 2022 will increase to approximately £1,865 per annum for a typical dual fuel customer, with...