Home supply and services

How has Ofgem’s focus on vulnerability evolved? 

Over the last few months, the focus on protecting consumers has stepped up as Ofgem begins to take strides toward improving treatment of vulnerable customers. In this week's blog, we discuss some of Ofgem's recent work around protecting customers, including its Vulnerability Summit, and most recently looking at the calls...

Regulation and policy

Free Energy market alert | Last night’s Federal budget

The Federal Budget released yesterday (9 May 2023) is the first full-year budget from the new Labor Federal Government. Like the mini-budget released last October, the budget signals the new Government’s intertwining climate change and energy ambitions. Cornwall Insight Australia has released a concise Energy Market Alert on the budget,...

Announcement

Latest FCAS price forecast released

Cornwall Insight Australia released the latest Frequency Control Ancillary Service (FCAS) price curves for Q1 2023, published on 8 May 2023. Available to download is an excerpt reporting the headlining power price trends from the FCAS insight service. We hope this information is of value-add to you and your business....

Net zero corporates and ESG

Q1 2023 All-Island Power Market Outlook to 2030 overview

This report provides an annual overview of trends for the All-Ireland Power Market out to 2030 using outputs from Cornwall Insight’s latest forward curve for the All-Island (AI) Single Electricity Market (SEM) covering Northern Ireland and the Republic of Ireland. This publication is based on comprehensive market and asset-level power...

Low carbon generation

GB Power Market Outlook to 2030 Q1 2023

This report provides an annual overview of trends for the GB Power Market out to 2030 using outputs from Cornwall Insight’s latest Benchmark Power Curve (BPC) for the British Electricity Market covering England, Scotland and Wales. This publication is based on comprehensive market and asset-level power price modelling that delivers...

Regulation and policy

Come gather ‘round people: recent policy and industry developments 

In the recent weeks and months there has been a flurry of policy documents published seeking to address both near-term and future challenges in the energy market. In our latest blog, we provide a summary of some of the key updates across Low Carbon Generation, Flexibility Markets, and Electricity and...

Commercial and market outlook

NEM power price trends

This report excerpt provides captured power price trends using outputs from Cornwall Insight Australia’s latest NEM Benchmark Power Curve (BPC), published on 14 April 2023, with additional commentary on the headlines and trends from the quarterly update. We hope this information is of value-add to you and your business. Please...

Business supply and services

Businesses facing up to 133% electricity bill rise for fixing at market peak

Data from Cornwall Insight’s Business Electricity Bill Forecast has shown businesses that fixed their energy contracts at the peak of the energy market last year1, could be facing up to a 133% rise in bills from April. The figures, which represent a worst-case scenario2, demonstrate how high wholesale prices at...

Home supply and services

Generation guaranteed: suppliers increase Smart Export Guarantee rates  

The Smart Export Guarantee (SEG), as the successor to the Feed-in Tariff (FiT) scheme, offers payments to small-scale low-carbon generators for the electricity they export, with export rates and tariffs being set by SEG licensees. Since the new year we have seen notable increases and changes in the export rates...

E-mobility and low carbon

Ending the ICE age: EV Country Attractiveness Index Findings

Over the past decade, electric vehicles (EVs) have become increasingly popular across many of the world’s major economies, with both the eco-conscious and average consumer adding to the rise in sales. This phenomenon has not just appeared from thin air, however, as international climate agreements, national net zero plans, EV...

Announcement

FCAS power price trends

This report provides power price trends using outputs from Cornwall Insight Australia’s latest Frequency Control Ancillary Service (FCAS) price curves, published on 28 February 2023. We hope this information is of value-add to you and your business. Cornwall Insight Australia's next FCAS price curve is due out next month. If...

Net zero corporates and ESG

Help us understand your business decarbonisation challenges

Are you a large business impacted by the challenge of increasing energy costs and decarbonisation targets? If the answer is yes, then we’d love your help to find out more about the challenges you are facing. We recently published an insight paper on the challenging economic climate that businesses are...

Regulation and policy

Our response to the Spring Budget

Once again, a UK budget has seen some significant energy policy announcements that will stir up conversation and opinion across the country. It also shows how reining in energy prices is seen as key to restraining inflation. The pre-budget announcement to maintain the Energy Price Guarantee (EPG) at £2,500 had...

Low carbon generation

Understanding the evolution of the Irish electricity markets

The Irish electricity sector has undergone significant change in recent years. The Integrated Single Electricity Market (I-SEM) arrangements introduced in 2018 fundamentally transformed the market framework to maximise competition, facilitate electricity wholesale trading, and incentivise the development of low-carbon generation sources. In parallel the physical system continues to evolve rapidly....

Announcement

International Women’s Day 2023

Cornwall Insight takes pride in the invaluable contributions made by women within the energy industry. We recognise the significant impact that women have both inside and outside of our company, as they play a vital role in the work that we do. At Cornwall Insight, we understand that promoting diversity...

Home supply and services

Our response to the publication of the REMA consultation summary

On 7th March the government published the summary of responses received from its Review of Electricity Market Arrangements (REMA) consultation. The responses received showed the industry has expressed strong support (92% agreement) for energy market reform that prioritises decarbonisation, security of supply, and cost-effectiveness. Respondents also agreed that the current...

Home supply and services

Integrate to Zero: Carbon and cost reduction opportunities from integrated energy in GB

Our insight paper, 'Integrate to Zero: Carbon and cost reduction opportunities from integrated energy in GB', summarises the current market landscape, opportunities, and barriers to offering integrated energy propositions to consumers in Great Britain (GB). We define an integrated energy proposition as one which aims to provide end users with...

Energy storage and flexibility

Waiting to connect: the problems and solutions for network connection queues (Part 2)

Network connection queues continue to be a notable topic of interest as many generators face significant delays to project development – an issue that is directly conflicting with net zero ambitions and recent focuses on strengthening domestic energy supplies. In Part 1 of our two-part series on connection queues we...

Home supply and services

Our response to the announcement of the April price cap

The predictions for the Default Tariff Cap in this piece are out of date, please click here to find our latest forecasts and commentary on the cap. Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall to an average £3,280 per year, nearly a £1,000 drop for...

Energy storage and flexibility

What is Liquefied natural gas (LNG) and how did it help UK and Europe this winter?

What is Liquefied natural gas (LNG)? Natural gas that has been cooled down to a liquid form is known as liquefied natural gas (LNG). The cooling process shrinks the volume of natural gas making it easier and safer to store and ship overseas. Natural gas is a fossil fuel which...

Net zero corporates and ESG

Energy Net Zero: Giving you more of ‘Watt’ you need

It is no surprise that economic conditions in the UK complicate the ambitions of businesses when it comes to achieving their decarbonisation goals. But in a paper our research team released earlier this year, we found that despite increasing financial demands, net-zero targets remain a priority for many businesses. That...

Home supply and services

Our final forecast for the April price cap

The predictions for the Default Tariff Cap in this piece are out of date, please click here to find our latest forecasts and commentary on the cap. We have released the final prediction for the April Default Tariff Cap (price cap) following the closure of the observation window1, on 17 February. We...

Announcement

Cornwall Insight named one of the FT’s Leading Management Consultants

We are delighted to announce that Cornwall Insight has been named one of the Financial Times’ leading management consultants in energy, utilities & environment. Following two Statista surveys which reviewed feedback from our clients and our peers in Consulting, we achieved a bronze award recognising the strong relationships we have...

Home supply and services

Benefits of household rooftop solar – a personal point of view

This is the next blog post in our irregular series from the Cornwall Insight team on their experiences of installing or owning various energy assets. Like my colleague Ed, I took the decision to invest in solar in March last year as energy prices were making front page news. So yes,...

Year in industry

Year in industry – James Tomlin

My year in industry at Cornwall Insight began in September 2022, where I was given the role of analyst within the Electric Vehicle Insight Service, part of the wider Consumer Market team. As this was my first job I was quite unsure of what to expect during my time here,...

Year in industry

Year in industry – Mikael Mahmud

As part of my Environmental Science UG degree, I was fortunate to spend my year in industry at Cornwall Insight. My placement at Cornwall Insight started in August 2022, when I joined the Consumer Markets Team, as an analyst. The first few days in my role can be described as...

Home supply and services

Addressing consumer harms in the non-domestic market

In recent months, Ofgem has shone a light on areas across both the domestic and non-domestic market where suppliers could improve their practices for customers and go beyond what they are obligated to do in the licence conditions. In a time of significant and extended volatility, the regulator has brought...

Commercial and market outlook

NEM power price trends

This report provides captured power price trends for the Queensland energy market (neutral case in line with AEMO's ISP Progressive Change scenario) from 2022 up to 2041 using outputs from Cornwall Insight Australia’s latest NEM Benchmark Power Curve (BPC), published on 18 December 2022. With additional commentary on the key...

Regulation and policy

Questions from the British-Ireland Parliamentary Assembly

Ruth Young, Senior Consultant at Cornwall Insight Ireland and Robert Buckley, Head of Relationship Development, recently participated in a session at the British-Ireland Parliamentary Assembly to address recent energy trends. They prepared a sample of the briefing notes with answers to: What are the main challenges governments in the BIPA...

Energy storage and flexibility

Waiting to connect: the problems and solutions for network connection queues

The number of grid applications has risen significantly in recent years, resulting in increased pressure on the electricity networks to facilitate new connections. In its Energy Security Strategy, the UK government set out ambitions for 95% of electricity to be sourced from low carbon generation by 2030, and for the...