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
Verity Sinclair
Verity 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 v.sinclair@cornwall-insight.com or call 07799513441
Press releases
Press Releases
Businesses could see energy bills increase fivefold in October
Businesses in the UK will see their energy bills rocket when new contracts are negotiated in October1 according to data from Cornwall Insight. Some will face bills five times their current price, as concerns over Russian gas supply, tight electricity markets in Europe, and a global disruption to Liquified Natural…
Press Releases
Price cap to remain significantly above £3,000 a year until at least 2024
New forecasts for the Default Tariff Cap (price cap) from Cornwall Insight 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. Experts at…
Press Releases
Cornwall Insight responds to the BEIS Committee report on Energy Pricing and the future of the Energy Market
A report from the Business, Energy and Industrial Strategy Committee (BEIS) on Energy pricing and the future of the energy market, published today (26 July), has laid out a number of recommendations on how Ofgem and the government could lower consumer energy bills and reduce instability in the energy market….
Press Releases
Electricity demand close to outstripping supply during unprecedented heatwave
Research from Cornwall Insight has shown that electricity system margins in Great Britain (GB) were very tight during the record-high temperatures seen earlier this week, with demand very close to overtaking supply. National Grid’s 1-hour forecast for de-rated margin (the difference between available generation and demand) was negative for two…
Press Releases
Swappable car batteries could accelerate UK’s transition to electric vehicles
Swappable car batteries could play a vital role in the UK’s move to electric vehicles, while aiding the government’s plans to stop the sale of new petrol and diesel cars by 2030, according to a new report from Cornwall Insight and law firm Shoosmiths. The paper – Battery-as-a-Service: an underexplored…
Press Releases
Cornwall Insight’s reaction to the BEIS consultation on the Review of Electricity Market Arrangements
Gareth Miller, Chief Executive at Cornwall Insight said: “Confirming the Review of Electricity Market Arrangements (REMA) opens the prospect of a complete overhaul of the electricity market in Great Britain, for the first time in over 20 years. The scope is very wide, and the perceived need for reform from…
Press Releases
Two thirds of energy industry professionals think the market needs to be drastically reformed, but say locational pricing is not the answer
A survey conducted of over one hundred leading energy market professionals from across the investment and advisory community, by Cornwall Insight, from the attendees of its Financing Net Zero forum, has shown nearly two thirds (63%) of people working in the energy industry1 believe the UK market needs to be…
Press Releases
Battery storage to be a quarter of Ireland’s installed energy capacity by 2030
Data from Cornwall Insight Ireland’s – ‘All-Island Power Market Outlook to 2030’ paper – has shown battery storage capacity will grow to become nearly a quarter (24%) of Ireland’s installed energy capacity by 2030. The crucial technology will work to stabilise the network, as Ireland becomes more reliant on renewables…
Press Releases
National Electricity Market may be overwhelmed by increase in electric vehicle use
Data analysed by Cornwall Insight Australia has shown the National Electricity Market (NEM) may become overwhelmed by peaks in demand caused by the charging of Electric Vehicles (EVs). Using data from the 2022 Integrated System Plan released by the Australian Energy Market Operator (AEMO), Cornwall Insight Australia have plotted expected…
Press Releases
On-site energy generation could wield significant savings for companies
Research from Cornwall Insight, included in their report – ‘A corporates guide to decarbonising power’ – has demonstrated how on-site energy generation could help cut corporation energy bills and their carbon footprint. By moving the generation of energy to their site, or through engaging in a private wire arrangement -…
Press Releases
Default Tariff Cap forecast climbs further as Ofgem announcement looms
New forecasts from Cornwall Insight have seen the Default Tariff Cap for Q1 2023 (Jan-Mar) rise to £3,363 a year for an average domestic consumer, increasing significantly from the £3,003 figure released two weeks ago. Predictions for the Q4 2022 (Oct-Dec) Cap, have also seen a steep increase, and now…
Press Releases
GB sees largest ever renewable energy auction at low prices and low consumer costs
Today, the government released the results for the fourth round of the Contracts for Difference (CfD) scheme, securing a record 11GW’s of renewable capacity across 93 projects, nearly double the 5.8GW awarded in the 2019 Allocation Round 3. The greatest capacity – almost 7GW – has been secured from new…
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