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 and PR Officer
Charlotte looks after Cornwall Insight’s public relations. She 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 firstname.lastname@example.org or call 07799513441
Cornwall Insight’s preliminary Price Cap forecast under the quarterly review system
Dr Craig Lowrey, Principle Consultant at Cornwall Insight said: “The shift to quarterly calculations and more allowance for the costs of stranding should wholesale prices fall were anticipated. The devil will be in the detail. With greater complexity comes greater risk of unintended consequences. It would have been useful to see more detailed evaluation…
UK Government must spend £20bn on energy battery storage to meet 2030 renewables targets
Modelling from Cornwall Insight on Great Britain’s (GB) Power Market out to 2030 has shown that between 2025 and 2030 the government must spend nearly a fifth (18%) of its total energy technologies investment, which includes solar, wind, nuclear and Carbon Capture and Storage (CCUS), on energy storage batteries, if…
Cornwall Insight’s response to the Queen’s Speech
Gareth Miller, CEO at Cornwall Insight: ”The Energy Bill proposed in the Queen’s Speech today is a logical conclusion of policy development in the period since the net zero commitment was made in the summer of 2019. It accommodates support for the government’s preferred production technologies alongside more recent…
Rushing into reform of the electricity market risks significantly inflating costs
The Review of Electricity Market Arrangements [REMA] announced by the government in its recently published Energy Security Strategy must be undertaken with a strong focus on protecting investor momentum if the government are to meet their net zero, energy security and consumer affordability objectives. REMAs remit is wide and includes…
Energy prices to remain significantly above average up to 2030 and beyond
Research from Cornwall Insight looking at Great Britain’s (GB) Power Market out to 2030 has shown energy prices will remain in excess of £100/MWh annually. This is significantly above the five year pre-2021 historic average of £50/MWh in Winter and the even lower prices in pre-2021 Summer. Cornwall Insight’s Benchmark…
Hopes fade for a significant price cap drop in 2023 and 2024
Cornwall Insight’s Default Tariff Cap predictions for the Summer 2023 and Winter 2023/24 periods have risen by 15% in just two weeks. The figures, compiled from data as of market close on 12 April, show predictions of £2,284 (£2,040 30/03) and £2,233 (£2,001 30/03) respectively for the two periods, representing…
Cornwall Insight responds to the publication of the energy strategy
Gareth Miller, CEO at Cornwall Insight said: “The Energy Security Strategy is a very political document that raises as many questions as it answers. There are clear favourites and as much can be read in to what is in the Strategy as what is not. 15 months on from the…
Third party gas bill charges rise by 33% as consumers pay the price for failed suppliers
Third-party charges (TPCs) on domestic household energy bills have jumped by 33% for gas and 9% for electricity in 2022-23, compared with 2021-22 prices, according to Cornwall Insight’s Third Party Charges Report. The rise is driven predominantly by an increase in network charges due to the collection of unprecedented Last…
Solar pipeline has grown 298% since 2020
Between April 2020 and March 2022 Cornwall Insight’s Renewables Pipeline Tracker report has shown the total capacity of solar PV projects classed as either “application submitted” or “awaiting construction” has increased by 298%, while the equivalent for onshore wind has risen by 17%. This overall growth translates into an average…
Cornwall Insight releases latest Winter price cap predictions as Summer 2022 cap introduced
Today our experts at Cornwall Insight are releasing their latest predictions for the average household’s Winter 2022/23 Default Tariff Cap, as the Summer 2022 54% rise comes into force. The winter figures show a predicted increase of over £600 from today’s rise, and would mean that energy prices would have…
Businesses facing 250% increase in gas bills
Research for Cornwall Insight’s ‘Pricing in the SME gas markets’ quarterly report has shown, that on a year-on-year basis, SME customers are facing an average gas bill rise of over 250%, based upon delivered prices. Wholesale market volatility, amongst other factors, has seen gas prices jump significantly for all consumers….
Cornwall Insight’s response to the Spring Statement
Robert Buckley, Head of Relationship Development at Cornwall Insight said: “The Spring Statement came against the backdrop of the tragic events in the Ukraine, which on top of causing untold human suffering, has left European energy markets and subsequently UK households exposed to significantly volatile pricing. “While the government reinforced…
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