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.
Our press team 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 firstname.lastname@example.org
Cornwall Insight’s final forecast for the April price cap
Cornwall Insight has announced its final forecast for the April – June Q2 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on 15 February. Based on our analysis, for a typical dual fuel household2 we predict the April price cap to be: £1,635 per annum….
Cornwall Insight help Zenobē secure £147 million battery storage investment
Cornwall Insight acted as an advisor for Zenobē in securing a £147 million project finance debt for its Kilmarnock South battery storage project. This 300MW/600MWh project marks a key point in Scotland’s renewable energy journey, promising to reduce the amount of wind farm curtailment and avoid CO2 emissions by 3.4…
Cheapest fixed energy tariff £130 more than April price cap forecasts
Households choosing to sign up to any of the fixed energy tariffs currently available, could end up paying around £130 more on average than the projected April Default Tariff Cap (price cap), according to Cornwall Insight’s Domestic Tariff Report. Our latest price cap forecasts1 show the cap dropping by 16%…
Cornwall Insight key advisor in landmark Toucan Energy portfolio sale
Cornwall Insight acted as a key advisor in the successful sale of Toucan Energy’s solar PV portfolio. The historic transaction marks the largest operational solar PV portfolio ever to change hands in the GB market. Boasting 53 solar PV assets, with a combined capacity of 513MW, the sale represents a…
Price cap predictions continue to fall despite disruption in the Red Sea
Tensions in the Red Sea have failed to derail the prospect of lower household energy bills from April, as our latest forecast for the April 2024 Default Tariff Cap (price cap) indicates. Predictions have fallen £40 p/a since December, with a typical dual fuel consumer1 now expected to pay an…
Germany to miss coal phase-out target by eight years
Germany’s energy system is not expected to fully retire coal until the end of 2038 according to new projections. This challenges the coalition government’s commitment to phase-out coal by the end of the decade. The modelling, from Cornwall Insight’s North West Europe Benchmark Power Curve, casts doubt on Germany’s energy…
Power prices drop in Ireland as EU increases gas reserves
Cornwall Insight have reduced their short-term power market price forecast for Ireland, with predictions for 2024 dropping by over 18%. This could bring welcome relief to homes and businesses struggling with soaring energy costs. Higher than anticipated gas storage levels in the EU have lowered fears of shortages this winter….
GB power prices to remain high despite drop in short-term forecasts
Cornwall Insight have cut their short-term power market price forecast by 12%, with average costs for 2024 now predicted to be £113 per MWh1. The decrease in electricity price predictions is attributed to the higher than expected gas reserves in Europe, lowering fears of shortages this winter. The data, included…
New FCAS markets could deliver big profits for batteries
New forecasts from Cornwall Insight Australia reveal a lucrative and enduring role for batteries in the recently launched Very Fast Frequency Control Ancillary Services (VF FCAS) markets. The price forecasts show participants in the Raise-1 market are predicted to make an average of $9.64/MW/hr out to 2026 and $10.95/MW/hr in…
Cornwall Insight key commercial adviser on sale of Red John Pumped Storage Hydro scheme
Cornwall Insight played a crucial role in advising Intelligent Land Investment (ILI) on the successful sale of the in-development Red John Pumped Hydro Storage Asset to Statkraft. With its 450MW capacity Red John is poised to be a significant contributor to the UK’s journey to a net zero electricity system….
Price cap predicted to fall by 14% in April
The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Forecasts for the April 2024 Default Tariff Cap (price cap) show a fall of 14% in the second quarter of the year, with a typical dual fuel…
Urgent measures needed to prevent vicious cycle of supplier failure and rising bills
In response to Ofgem’s announcement of a consultation on recovering bad debt, Dr Matthew Chadwick, Lead Research Analyst at Cornwall Insight said: “The energy price crisis has left millions of households struggling to pay their bills, even as prices have begun to fall. With government support all but ended for…
See our latest press releases.