Tom
Faulkner

Head of Networks and Assets and Infrastructure

Phone: +44 (0)1603 542123
Email: t.faulkner@cornwall-insight.com

Tom is the Head of Assets & Infrastructure and Networks, responsible for our Market Intelligence outputs across a range of areas including Low Carbon Generation, Flexibility Markets, Third Party Charge forecasts and wholesale market pricing. He has a background in energy regulation and a deep understanding of electricity network charges and recent reforms. Tom co-chairs our monthly Green Generators Group forum, and has a wide understanding of the market from routes to market and subsidy support schemes to ancillary services and embedded benefits.

Tom can often be found supporting on our training courses, whether that be talking about the GB market design, and electricity and gas networks on our Introduction to GB Energy Markets Academy, or going into more detail on ancillary services and Power Purchase Agreements on our Flexibility and Low Carbon Generation Academies.

Outside of work Tom can often be found playing or watching some sort of sport, or enjoying the great outdoors. Tom has an MSci in Environmental Sciences from the University of East Anglia.

Tom Faulkner

Latest thinking

Home supply and services

Our response to the publication of the REMA consultation summary

On 7th March the government published the summary of responses received from its Review of Electricity Market Arrangements (REMA) consultation. The responses received showed the industry has expressed strong support (92% agreement) for energy market reform that prioritises decarbonisation, security of supply, and cost-effectiveness. Respondents also agreed that the current...

E-mobility and low carbon

2022’s most exciting ‘Charts of the Week’

Some of our team have looked back throughout 2022 and picked their most exciting ‘Chart of the Week’.​Their choices include exploring green tariffs, wholesale gas prices, CfD allocation round 4 and the MHHS Implementation Levy.  It’s My Birthday – Two years of Dynamic Containment Picked by Tom Faulkner, Head of...

Regulation and policy

Government to consult on the introduction of Cost-Plus-Revenue Limit

The government issued its Energy Prices Bill on 12 October. The bill will put in law a number of the already-announced mechanisms that will be used to support households and businesses this winter including the Energy Price Guarantee and the Energy Bill Relief Scheme. Also announced alongside this is the...

Energy storage and flexibility

From zero to hero: Can CfDs split markets and reduce costs this winter?

Given media comment on the imposition of a revenue cap for low carbon generators instead of migration of existing projects onto a CfD, please find below a blog published by Cornwall Insight three weeks ago. Not only did this note the possibility of the revenue cap being a fall back...

Energy storage and flexibility

Network charging – what’s been going on and why should I care?

Across Great Britain there are ~810,000km of wires and underground cables that make up our electricity network. Split between the higher voltage, transmission system and the lower voltage distribution system, these lines and cables are responsible for transporting electrons up and down the country to provide consumers with the necessary...

Home supply and services

What is the Market Stabilisation Charge?

The Market Stabilisation Charge (MSC) requires all domestic suppliers acquiring a customer to make a payment to the supplier that is losing the customer. The charge applies to all switches, so suppliers are not obliged to inform competitors which tariff the consumer switched to or from. It is comprised of...

Business supply and services

Re-balancing the balancing costs –BSUoS charges to be levied solely on suppliers from April 2023

Balancing the electricity system costs money. National Grid in its role as Electricity System Operator (ESO) takes actions in every half hour to achieve the remarkable feat of keeping supply and demand finely balanced on our national electricity system – maintaining a system which runs between 49.8 and 50.2Hz with...

Power and gas networks

New Fault Ride Through compliance arrangements introduced for transmission-connected generators

Ofgem approved Workgroup Alternative Grid Code Modification 1 (WAGCM1) of GC0151 Grid Code Compliance with Fault Ride Through (FRT) Requirements on 5 November. In short, this decision introduces a new, legal process, into the Grid Code – the legal text that governs those connecting to the electricity transmission system -...