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Categories
- Low carbon generation 96
- Commercial and market outlook 112
- Regulation and policy 92
- Home supply and services 74
- Energy storage and flexibility 35
- Announcement 50
- E-mobility and low carbon 16
- Business supply and services 21
- Power and gas networks 13
- Net zero corporates and ESG 15
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Home supply and services
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Business supply and services
Wake-up call: Cost pressure in the GB energy market
This Energy Perspective was published in Issue 791 of Energy Spectrum on 10 January 2022. The current crises afflicting the energy supply sector, driven by rising energy input costs, are of economy-wide concern. The price of energy has always been an issue of significance for national economic competitiveness, inflation, monetary...
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Home supply and services
The risks of short-term interventions distorting long-term incentives in the energy market
Christmas 2021 was not a time of cheer for the energy industry and its customers. There is acute stress on energy suppliers and consumers from current bills - let alone where they may move to in the coming year. And it seems the political and regulatory debate has moved on...
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Business supply and services
With great power comes great responsibility – what can be done for customers and suppliers in these challenging times?
Given that the situation in the wholesale markets shows no signs of abating, both the government and Ofgem have a shared responsibility for helping to steward the energy sector through a period of profound challenges for suppliers as well as for their customers. Furthermore, the risk of structural damage to...
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Business supply and services
Wholesale energy prices see new record highs as 2021 comes to a close
In what continues to be a particularly tumultuous period for the wholesale energy market in the lead up to Christmas, prices have continued their crusade of setting record highs in a final send-off to 2021. On Wednesday 22 December, day-ahead gas prices reached a new all-time record high (on our...
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Commercial and market outlook
Price cap set for 46% rise for Summer 2022, Winter 2022-23 cap may exceed £2,000
Following further highs in wholesale prices and the costs associated with the raft of supplier failures seen in the last few months, Cornwall Insight is forecasting that the domestic default tariff price cap for Summer 2022 will increase to approximately £1,865 per annum for a typical dual fuel customer, with...
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Commercial and market outlook
Cliff-hanger: supplier new entry in volatile markets
The extraordinary developments that have occurred in the energy sector in recent months have led to a tumultuous time for all participants. We have taken a look back through our archives to where we highlighted our concerns a number of years ago that this outcome was, unfortunately, a real possibility. This...
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Business supply and services
Webinar | Energy supplier exits: managing the fall-out
In our webinar last week, Adam Boorman, Craig Lowrey, Robert Buckley and Jacob Briggs discussed a range of topics in light of recent market developments. They were joined by over 70 attendees join and discussed: the changing wholesale market engagement for smaller suppliersthe challenges of managing exiting companies,the commercial impacts...
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Home supply and services
Will customers pay for suppliers reconsolidating?
There’s been a lot of media about Scottish Power chief executive Keith Anderson’s comment about a “massacre” in the retail energy market. The spectre of a return to a handful of domestic energy suppliers has been raised. We are certainly going to a world of many fewer suppliers, in my...
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Home supply and services
Shaken, not stirred: The fate of the supply market
This Energy market perspective was taken from our Energy Spectrum publication on 4 October 2021. To find out more about a free trial to Energy Spectrum, find out more here or contact Robert on r.buckley@cornwall-insight.com. As we enter the winter 2021-22 trading season, the energy supply market remains in intense...
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Home supply and services
The gravity of the default tariff cap and the impact of the SOLR process
With wholesale gas and electricity prices continuing to reach new records, successive supplier exits during September 2021 and a new level for the default tariff cap (£1,277 for a typical dual fuel direct debit customer) for Winter 2021-22, the GB energy market remains on edge for fresh volatility and further...
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Home supply and services
Introducing the Green Gas Levy
In Autumn 2021 the Green Gas Support Scheme (GGSS) will be launched, supporting decarbonisation of the gas grid as the UK aims to reach net zero emissions by 2050. The GGSS will predominately focus on providing financial incentives for biomethane (green gas) injection in the grid and, in order to...
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Home supply and services
37 suppliers remain in domestic energy market
2021 has seen 14 domestic supply market exits to date, including the most recent three companies to use the Supplier of Last Resort (SoLR) process on Wednesday 29 September 2021: Igloo Energy (0.59% market share), Symbio Energy (0.04% market share) and ENSTROGA (0.09% market share). In September alone, nine suppliers...
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Home supply and services
Rocketing energy prices and failing suppliers—what is happening?
Sky high gas prices and energy suppliers going out of business have been key headlines in the news over recent weeks, but what is actually happening? Through the COVID-19 pandemic we saw much lower gas prices, which have been surging upwards since the spring and risen rapidly through the summer, a time...
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Home supply and services
The default tariff cap and the law of unintended consequences
With all eyes on the immediate challenges facing the energy supply market and the impact of the default tariff cap as a contributing factor, it is important to note that the cap for the coming winter period should not be considered in isolation and that attention will swiftly turn to...
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Business supply and services
Have we given up on competition in the retail market?
“Q: How does 2pm on Wednesday sound? A: Assuming we still have a functioning energy market that'd be great”. It’s not really what you expect to see in an email at 5pm on a Friday when trying to arrange a call. But then these are certainly not normal times. In this Energy Perspective, we will...
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Home supply and services
Consolidation in the energy market predicted to continue
It has been a turbulent time for the retail energy market, experiencing a period of consolidation with mergers and supplier exits. This supplier consolidation is expected to continue in the near term. If suppliers fail to shift their business models for the new world it is likely to continue, according...
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Home supply and services
“Green” tariffs in the spotlight as BEIS commences review
With the announcement on 16 August of a call for evidence on Designing a Framework for Transparency of Carbon Content in Energy Products, consultant Josephine Lord looks at the issues being considered and what the future may hold for so-called “green” tariffs. The call for evidence is the first step...
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Heat networks
Reallocating electricity policy costs to incentivise low carbon heating technologies
Funding the cost of decarbonising the power system has mainly been through the consumers' electricity bills. In fact, in 2020-21 these costs amounted to a whopping £10bn. But is this method of raising revenue for decarbonisation still fit for purpose when faced with the need to decarbonise the nation's heat?...
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Business supply and services
Energy suppliers must be ready to demonstrate compliance with new principles
From 22 January, energy suppliers were required to follow new principles resulting from Ofgem’s Supplier Licensing Review (SLR), which initially kicked off nearly three years ago. Such was the breadth of the SLR, changes were introduced in two rounds, with the first round of changes bringing the introduction of tougher...
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Announcement
BBC interview | Robert Buckley discusses Ofgem’s price cap
Robert Buckley spoke to Felicity Hannah on BBC Five Live’s Wake up to Money programme ahead of Ofgem’s announcement to increase the default price cap by £96 to £1,138. Robert explained that a combination of a rise in wholesale prices and policy costs for renewable electricity, as well as the inclusion of £23.69...
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Business supply and services
A look back at 2020 part 3
As we take our first steps into 2021, we continue to look back at the biggest developments in the UK energy markets in 2020, setting us up for the significant year ahead. The mergers and exits from the supply market that were seen in 2019 continued into 2020 and led...
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Business supply and services
Plus ça change, plus c’est la même chose: the RO late payment deadline
Today (11 November 2020) Ofgem has confirmed that there will be mutualisation of the 2019-20 Renewables Obligation. On Monday, in our 'Energy Spectrum' Perspective, we explained to customer’s why this was important and likely and what it means for the energy industry. Find out more about a free trial to Energy...
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Business supply and services
Responses to COVID-19 boost energy suppliers’ reputations with customers
2020 is, unfortunately, proving to be a year that we will never forget. It has been a year of change and adaptability for us all, including domestic energy suppliers, with many suppliers having had to adapt to increasing numbers of customers in distress while operating at reduced capacity and/or with...
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Business supply and services
COVID-19: A collection of resources
This year has seen Governments, businesses and industries coming to terms with the impacts of the COVID-19 crisis. The arrival of the pandemic shook the energy market across the value chain. Throughout, our experts have provided the industry with coverage of how COVID-19 has impacted the energy market. We analysed...
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Business supply and services
Why now? Regulation in the TPI market
Ofgem published its long-awaited policy proposals on 29 July following a review of the microbusiness sector. These build on its initial consultation from May 2019 and look to ensure that microbusinesses can access a competitive market and secure adequate levels of protection. The approach will be a defining moment for...
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Business supply and services
All mod cons: Routes to market for household flexibility
According to National Grid’s 2019 Future Energy Scenarios[1], meeting decarbonisation targets could require deployment in GB of 13GW of flexibility from commercial and industrial consumers by 2050, compared to around 1GW currently available. While there are currently no comparable forecasts for domestic demand-side response (DSR), energy suppliers and technology companies...
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Home supply and services
COVID-19-driven changes to electricity Third Party Charges
The impact of COVID-19 on the energy sector has been a hot topic for the last few months. As we progress further into the UK’s lockdown period we are now beginning to piece together the wider picture of effects across energy Third Party Charges (TPCs). These impacts are expected to...
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E-mobility and low carbon
Tesla builds capacity across the energy value chain
In May, Tesla released details of its Autobidder platform, which can aggregate and optimise assets down to the behind-the-meter domestic scale for wholesale trading and grid services. The platform has already been utilised at a site in South Australia and is now available for generators and suppliers in GB. Tesla...