Press and media mentions

Media mentions

• Media Mentions

  The Times| High energy prices here for the next decade

  Cornwall Insight's research on Great Britain’s 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 average. Senior Modeller Tom Edwards spoke in the Times on what this may mean for consumers. High power prices will...

• Media Mentions

  The Guardian| Energy bills forecast to remain above £2,000

  With bills already forecast to rise significantly in Winter 2022/23, Cornwall Insight released new data showing that prices looked likely to stay above £2,000 for the Summer 2023 and Winter 2023/24 price cap periods. Principle Consultant Dr Craig Lowrey spoke in the Guardian on how the government could support consumers...

• Media Mentions

  Energy Live News | Third party charges contributing to increasing energy bills

  Much has been spoken about the impact of wholesale prices on increasing energy bills, however third party charges, including money to compensate for supplier failures, are also contributing to the rise. Senior Analyst Laura Woolsey spoke in Energy Live News on the charges which are leaving domestic consumers paying even...

• Media Mentions

  Sky News | The energy strategy will involve difficult decisions

  Our Head of Relationship Development Robert Buckley explained why the changes announced in the energy strategy will take a long time and involve some difficult decisions, especially if the UK wants to reach it's target of net zero by 2050. We have an analyst team at Cornwall Insight and it...

• Media Mentions

  iNews| UK businesses face 250% gas bill increase

  Cornwall Insight data has shown UK businesses may see gas bills rise by 250%, putting many in danger of going under. Craig Lowrey our Principle Consultant spoke to iNews on how the government can help struggling companies with their energy bills. High Prices and volatility do not appear to be...

• Media Mentions

  BBC Politics East| Energy bills and the journey to net zero

  Our CEO Gareth Miller appeared on BBC Politics East to discuss the government’s net zero ambitions for 2050, and whether this was compatible with reducing current consumer energy bills. There is a long overdue debate about not the costs of this transition but how they are fairly recovered…  if we...

• Media Mentions

  Current+| Wholesale volatility limits EV time of use tariff uptake

  The take up of EV's is happening faster than many are switching to time of use tariffs, doubling some drivers electricity bills. Lead Analyst Oliver Archer spoke in Current+ on the blocks to EV drivers switching tariffs and the limits this may put on EV take up. The wave of...

• Media Mentions

  The BBC|UK embargo on Russian oil causes spike in prices

  After the UK announced an embargo on imports of Russian oil as a sanction against their invasion of the Ukraine, petrol prices went up to record highs. Robert Buckley spoke to the BBC Online on how sanctions will impact the market. This is a global market and you've got to...

• Media Mentions

  The Guardian |Standing Charges

  Consumers are having to brace themselves for a big jump in standing order payments, to add to already significant bills. Andrew Enzor spoke in the Guardian on why charges are increasing. Regulatory changes ordered by Ofgem were already set to add around £30 to each customer’s standing charge. Since then,...

• Media Mentions

  The Times| Gas prices at record high as Russia invades Ukraine

  Dr Craig Lowrey spoke in the Times on the impact of the Russian invasion of the Ukraine on wholesale gas prices across Europe and the UK price cap predictions. The heavy reliance on gas imports across Europe and in the UK has left energy prices increasingly vulnerable to unstable international...

• Media Mentions

  iNews| Supplier of Last Resort payments costing consumers

  Costs to compensate energy companies who take on customers from failed suppliers have resulted in an average increase in domestic electricity bills by £34.36 in 2022-23. Senior Analyst Laura Woolsey spoke to iNews on what needs to change if we are to protect both consumers and companies. We need to...

• Media Mentions

  The Telegraph| Electricity superhighways

  Tom Edwards, Senior Modelling Consultant, spoke to the Telegraph on how new north-south power cables would give Britain a massive wind boost. At the moment there is not enough capacity to deal with all the wind projects that are in the pipeline north of the border and, although power companies...

• Media Mentions

  Smart Energy International| The use of hydrogen for residential heating in Ireland

  Smart Energy International wrote about our report assessing the potential of hydrogen in decarbonising residential heating in Ireland. Deva Devaraj, Modelling Analyst at Cornwall Insight, explained that while the use of hydrogen can cut CO2 emissions, there were limits to its effectiveness A tonne of CO2 emissions can be avoided annually...

• Media Mentions

  City AM| Price cap hike announced

  After Ofgem confirmed the price cap would be rising by 54% increasing pressure on households, Dr Craig Lowrey spoke to City AM on concerns over continuing with the cap. The cap was never meant to be a permanent solution and today has shown that rather than protecting customers, the impact...

• Media Mentions

  Current+| Volatile energy prices

  Current+ reported on Cornwall Insight’s Benchmark Power Curve, which forecasts that volatile wholesale energy prices could continue into 2030 and beyond. Tom Edwards, Senior Modelling Consultant, explained that low nuclear and coal assets, coupled with an overreliance on imported energy could leave the UK vulnerable to variable pricing. A greater...

• Media Mentions

  iNews| Price cap forecasts

  On the eve of the default tariff cap price announcement Senior Consultant Dr Craig Lowrey spoke to iNews on our forecasts for the summer and winter rises. He explained why the high price of wholesale gas and electricity was likely to trigger a significant rise in the cap and how...

• Media Mentions

  Smart Energy International| Applications for the government’s CFD auction

  As the applications for the government’s largest-ever Contracts for Difference auction closed, Tim Dixon, Lead Analyst, spoke to Smart Energy International on why developers were considering alternative options. A more inclusive funding round from the government has also come with high levels of competition, likely to push down bids. Newly...

• Media Mentions

  The Guardian | Default tariff cap predicted to rise

  With the default tariff cap predicted to rise in April, Cornwall Insight’s CEO Gareth Miller spoke to the Guardian on why the energy market needs long-term reform.   He explained that rather than quick fixes to counter the record energy market highs which threaten the livelihoods of households and businesses,...

• Media Mentions

  Energy Monitor | The energy crisis and net zero investment

  An article written, by Daniel Atozri, Research Partner at Cornwall Insight featured in Energy Monitor. In the article Daniel discusses how the high volatility of wholesale prices and turbulence in the energy supply market could discourage investors looking for stable returns and cashflows. He explained that there is a risk...

• Media Mentions

  The Guardian | Wholesale prices rise again

  With wholesale prices rising yet again Anna Moss, Head of Consumer Markets explained what this would mean to suppliers already struggling. Explaining the current state of the supply market, Anna said the very high wholesale prices have caused significant distress even before winter begins. How suppliers fare is in the...

• Media Mentions

  Daily Mirror | Price cap changes

  Robert Buckley Head of Relationship Development spoke to The Daily Mirror about the potential changes to the price cap analysis. He explained that Ofgem was facing pressure to re-evaluate how they calculate the cap particularly recently with a spate of suppliers exiting the market. Ofgem has had a lot of...

• Media Mentions

  Energy News Live | Tariff gap

  Our research shows that the gap between the cheapest energy deals and price cap has shrunk to the lowest ever level featured in Energy News Live. The difference between the ten cheapest tariffs on offer and the current default tariff cap for September 2021 stands at just £11 a year, compared to...

• Media Mentions

  Financial Times | Price cap set to rise

  Cornwall Insight's predictions for the default tariff cap featured in the Financial. Our research shows that the price cap could rise by almost one third to £1,660 based on wholesale energy prices. Financial Times

• Media Mentions

  i | Energy bills set to increase

  Craig Lowrey shared his thoughts and predictions on the price cap. He discussed our forecasts for the price which predicts a £383, or 30 per cent, increase in the price cap to about £1,660. Craig explained that with wholesale gas and electricity prices continuing to reach new records and successive...

• Media Mentions

  The Guardian | Net zero electricity by 2035

  Tom Edwards talked to The Guardian today about the Prime Minster's plans to decarbonise the electricity grid by 2035. He explained that to meet this target it would require a massive ramp-up of wind and solar to meet the electricity demand. Data from Cornwall Insight shows that to do this it...

• Media Mentions

  This is Money | Fixed tariffs

  Anna Moss, Head of Consumer Markets, spoke to This is Money about the current energy prices and what customers should do if their fixed tariffs end. Anna explained that the usual process when a fixed deal ends is that customers would usually switch to a cheaper option. However, there aren't...

• Media Mentions

  The Guardian | Price cap rising

  Our research predicting a rise to the summer default tariff, was featured in The Guardian. Talking about the research Craig Lowrey, Senior Consultant at Cornwall insight explained that the recent high wholesale price would feed into the price cap potentially increasing it by 14% to £1,455 a year for a...

• Media Mentions

  The Daily Telegraph – Energy crisis intensifies

  Tim Dixon spoke to The Daily Telegraph about the mounting energy crisis seen in Great Britain. Explaining why we are seeing high wholesale prices Tim said gas storage levels across Europe are well below levels we would expect them to be heading into a winter season There is still uncertainty...

• Media Mentions

  Daily Mail | Fire at interconnector site

  In the Daily Mail, Joe Camish, Senior Analyst at Cornwall Insight, discussed what a fire at an interconnector site in Kent means to consumers energy bills. Explaining what this means, Joe said that the price cap level could rise by 10 per cent when it is next updated in April...

• Media Mentions

  Financial Times | wholesale prices hit all time high

  Day-ahead power prices hit their highest level on Cornwall Insight records. Discussing this in the Financial Times, Joe Camish, Senior Analyst at Cornwall Insight, said that these highs were due to a combination of factors, including a global shortage for gas. He explained that if prices continue, the effect will...