Latest blogs
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Business supply and services
The energy crisis affects businesses as well as households
Yesterday morning we issued our updated forecasts for the Default Tariff Cap through to the end of 2023. They make for grim reading: from 1 October 2022 the Cap will average £3,500/year equivalent or so for at least a year, unless there is a collapse in the wholesale energy markets….
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Regulation and policy
The Changing Compliance Landscape
In recent months, Ofgem has been increasing its engagement with suppliers to ensure compliance with their supply licences and to deliver more resilient business models. This has been evidenced through a number of actions, such as stress testing suppliers and introducing additional reporting requirements, under the scope of the regulator’s…
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Home supply and services
Price cap to remain significantly above £3,000 a year until at least 2024
Our latest forecasts for the Default Tariff Cap have shown a typical household’s energy bill will be well over £3,000 a year for the next 15 months, with the average bill over Summer 2023 (Apr-Sep) sitting at £3,649 – just over £300 per month. We have also updated the predictions…
Chart of the week
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Commercial and market outlook
Recent events push NEM turnover to new heights
The story of recent times in the NEM has been the significant escalation of wholesale price outcomes in the market. As discussed repeatedly, elevated fuel costs for gas and supply constraints in the market have sent NEM turnover to uncharted territory. By NEM turnover, we refer to the total costs…
Latest podcasts
Insight papers
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E-mobility and low carbon
Battery-as-a-Service: an underexplored opportunity?
At the back end of 2020, the government published a plan to put an end to the sale of new petrol and diesel cars in the UK by the end of the decade. While welcome news for many, this target – the most ambitious in the G7 – brought into…
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Low carbon generation
A corporate’s guide to decarbonising power
From 6 April 2022 it has become mandatory for over 1,300 of the largest UK-registered companies to disclose their climate-related financial information in line with the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations. As part of this, all corporations on the Financial Conduct Authority’s Official List (are “listed”) are required…
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Low carbon generation
The UK and the energy transition. Leading the way?
Contributors from Womble Bond Dickinson: Richard Cockburn, Chris Towner, Matt Lewy, Anthony Alderman, Vicki Redman, Simon Hughes, Sebastian Briggs, Lisa Rushton, Belton Zeigle The United Kingdom is well placed to play a key role in global efforts to dramatically reduce carbon emissions over the coming decades. An urgent need to…
Innovations
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Innovations
The Greater Manchester Local Energy Market – what is it?
Cornwall Insight is part of the Greater Manchester Local Energy Market (GMLEM), a project which is creating a modern energy system across the city. This world-leading scheme led by Greater Manchester Combined Authority (GMCA) involves 11 key partners, and is a key part of the GMCA’s plans for decarbonisation. Greater…
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Innovations
Rewire-NW project
The Rewire-NW project was launched in spring 2020. Led by Pure Leapfrog, the project is developing plans to create a range of business models to implement locally-focused energy projects, leading the town of Warrington towards Net Zero. Rewire-NW is a forward-looking and innovative project that aims to connect Warrington using…
