Cornwall Insight has unrivalled insight and experience in the GB energy supply and services market. We provide actionable advice on the full breadth of the market, including routes to market and propositions, costs to serve, energy services, trading and hedging, and competitor strategies. We have supported numerous suppliers with risk management, enabling them to flourish in a challenging market.
We have also supported several suppliers in the development of innovative customer propositions and enabled them to be brought to market. In addition, our retail market monitoring gives us a unique insight into the state of the market, allowing us to provide insight grounded in real-world observations of market activity and direction.
Cornwall Insight supports with:
- Market entry and growth strategies
- Supplier regulatory assessments, providing targeted advice on key regulatory risks for market participants
- Trading, hedging strategy and risk management
- Market-leading cost forecasting of both energy and non-energy costs
- Opportunities for innovative propositions targeted at connected homes
Green supply and exploring the impact of REGOs on UK renewable electricity generation support
Bulb Energy Limited | April 2020
Bulb Energy, the privately financed energy supply company operating in the UK, engaged with Cornwall Insight to undertake a review of the REGO market within the UK, considering the historic REGO market and the impact the emergence of the REGO market had on developing new projects, along with a view on future prices as well as what the impacts would be if the REGO certificates were removed.
The work involved providing analysis of the REGO data from Ofgem Renewables and CHP Renewables Register, and generation data from the Digest of UK Energy Statistics (DUKES), along with forecasting using internal Cornwall Insight sources and external data obtained through Cornwall clients, most noticeably the Cornwall Insight Green Power Forecast which provides a detailed review of the existing market, providing analysis based on interactions with a number of parties heavily involved within the REGO trading market. This data has been used to provide a breakdown of the current REGO market, forecasts of future REGO Prices and to provide a long-term outlook for the REGO Market within the UK.
The work allowed Bulb to assess their position within the UK REGO market, assessing what approach they should take in the future. It also allowed them to determine the impact that the REGO scheme has on the development of renewable technologies in the country after the closure of the various subsidy schemes to smaller/medium-sized projects (such as the Feed-in Tariff and Renewable Obligation), and to determine the significance of the developing REGO certificate market.