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Media mentions
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Media Mentions
BBC News | high gas prices
Robert Buckley, Head of Relationship and Development, disscussed high wholesale gas prices and how it will affect customers on the BBC. Robert explained that prices for power that is needed immediately are at all-time highs - 10 times the costs of last summer. He said that consumers would see these...
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Media Mentions
Power Engineering International | Prices of green certificates rise
Cornwall Insight's latest insight on the Renewable Energy Guarantees of Origin (REGO) market featured on Power Engineering International. The research shows REGO prices have risen significantly in recent months, with average reported prices of £1.35/REGO. Speaking about the research Luke Ansell, Analyst at Cornwall Insight, said higher prices were caused...
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Media Mentions
The Daily Telegraph | High prices see coal plants on system
Joe Camish, Senior Analyst at Cornwall Insight, commented about the high wholesale energy prices in the market as power prices surged to more than four times their average level. Regarding the future of wholesale prices, Joe said that GB would have to rely on older thermal assets to help ease...
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Media Mentions
Renewable Energy Magazine | 8 GW of wind eligible for CfD AR4
Cornwall Insight's research on the Contracts for difference (CfD) scheme featured in Renewable Energy Magazine. The research shows that eligible solar pipeline of ~3 GW, up by ~1.8 GW on the same time 12 months ago, with CfD eligible onshore wind capacity at ~5 GW, up by around 1 GW...
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Media Mentions
Business Motoring | EV feature
Katie Hickford Analyst at Cornwall Insight featured in Business Motoring's EV guide. She shared her thoughts on the current choice of electric vehicle (EV) tariffs on the market. Katie explained that at the current choice of tariffs available to new EV owners is small, with a total of 11 suppliers...
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Media Mentions
PV Magazine | 2 GW of renewables achievable for Bolivia
A consultancy project by Cornwall Insight commissoned by the United Kingdom Embassy for Bolivia featured in PV Magazine. The project research shows that it is possible to reach an operational capacity of 2 GW of renewable energy in Bolivia by 2030. In 2019, the country has an installed renewable capacity...
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Media Mentions
The Energyst | SMEs consider renewables
Cornwall Insight research showing that a renewable energy offering in a supplier’s portfolio comes behind only to dedicated account management among SMEs’ preferred features, when they assess competitors was featured in The Energyst. Data from our Cornwall Insight survey shows that Renewable Electricity Guarantee of Origins (REGOs) or renewable propositions...
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Media Mentions
Power Engineering International | UK corporates look to renewables
Research from our 'TPI Satisfaction Survey' featured in Power Engineering International. The survey found a growing interest in renewable electricity amongst businesses and Third-Party Intermediaries (TPIs) in the UK. Molly Lloyd Senior Analyst at Cornwall Insight explained that despite Despite the challenging year for businesses, we recorded a growing interest...
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Media Mentions
Bloomberg | Price cap on the rise
Our thoughts on the rise to the default tariff price cap were quoted by Bloomberg Quint. Ofgem increased its price cap to a record level. The new level of 1,277 pounds comes in to effect in October and will run through March for customers on standard variable tariffs. Craig Lowrey...
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Media Mentions
Fleet News | EV charging tariffs
Our research on the number of electric vehicle (EV) tariffs featured in Fleet News. Research showed around 17 EV tariffs are available, with some of the tariffs still in testing phases and not available to all customers. On top of this number, there are 11 Time of Use (ToU) EV...
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Media Mentions
Energy News Live | Merchant onshore wind
Our insight paper on the viability of merchant finance in onshore wind was quoted on Energy News Live. Fully merchant onshore wind is unviable to most investors and will not lead to mass capacity, with only 7% of those surveyed considering a fully merchant onshore wind project financially viable. Daniel Atzori, Research...
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Media Mentions
Montel | LNG supply
Craig Lowrey Senior Consultant at Cornwall Insight was quoted in Montel discussing LNG supply. The UK continues to face a severe lack of LNG amid still strong Asian demand for the fuel, resulting in growing concerns about gas availability and an inevitable surge in prices. Craig Lowrey, senior analyst at...
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Media Mentions
This is Money | More than a million households have seen their energy firm go bust in the last few years
Our analysis on the domestic energy market showing 1.7% of domestic energy customers have been rescued by the Supplier of Last Resort process in the last two years, featured in This is Money. The first half of 2021 has already seen 1.5% of customers in the domestic retail market being served...
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Media Mentions
Daily Express | Default tariff cap rising
Our predictions on the default tariff price cap rising when Ofgem next looks at it was featured in the Daily Express. Rising wholesale energy and commodity prices are set to increase the cap by at least another £100. Commenting on the prediction Craig Lowrey Senior Consultant at Cornwall Insight said...
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Media Mentions
Energy News Live | Energy prices for SME rise
Our research showing prices rising for Small and medium enterprises (SMEs) was featured in Energy News Live. Electricity prices for SMEs reached record highs in the second quarter of the year. Discussing the reasoning behind the significant price rise Molly Lloyd Senior analyst at Cornwall Insight explained the rise in...
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Media Mentions
The Guardian | Energy bills on the rise
Price cap analysis from Cornwall Insight was showcased in The Guardian. The analysis shows that for the coming winter, the regulator is expected to lift its cap for the average dual-fuel energy bill from £1,138 a year to £1,250 a year. Discussing the reason behind the rise, Craig Lowrey said...
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Media Mentions
Daily Mail | Green energy tariffs
Our research on green energy tariffs and suppliers featured in the Daily Mail. More than three in five households in Britain are now supplied by green energy firms. With 'green' suppliers – those only offering electricity tariffs backed by Renewable Energy Guarantee of Origin certificates – rocketed from less than...
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Media Mentions
Power Engineering International | UK renewables won’t meet 2050 target
The current market and options available for new-build renewables are inadequate to keep the UK on track to meet its net-zero target commented Tim Dixon Team Lead at Cornwall Insight in Power Engineering International. Our research shows a rate of subsidy-free Corporate Power Purchase Agreement (CPPA) and utility Power Purchase...