Addressing the cost of electrification: A 2024 update on decarbonising heat for energy intensive sectors

Cornwall Insight and CPI are delighted to present an update to our 2022 paper on industrial electrification, ‘Addressing the cost of electrification’.

Our latest paper, ‘Addressing the cost of electrification: A 2024 update on decarbonising heat for energy intensive sectors‘, highlights the changing economic and policy environment, and suggests a range of measures which policy-makers could explore to support British industry in delivering decarbonised operations. 

Related thinking

E-mobility and low carbon

Smart Energy GB – Turn on, Plug in, Cash out: Unlocking the value from smart meter-enabled EV flexibility

We are currently working with Smart Energy GB on our latest insight paper, which will assess the value of smart and V2G electric vehicle (EV) charging within a flexible energy system in three snapshot years of 2025, 2030, and 2040. Watch this space for the full insight paper, coming soon.

Regulation and policy

WACC-A-MOLE –Implications of the rising cost of capital for the fifth round of the Contracts for Difference scheme

Soaring inflation and interest rates, combined with supply chain issues and labour shortages, have pushed up the cost of capital and increased the costs needed to finance renewable projects. With the latest round of the Contracts for Difference (CfD) scheme set to open to applications this month many in the...

Home supply and services

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

This report summarises the current market landscape, opportunities, and barriers to offering integrated energy propositions to consumers in Great Britain (GB).

Home supply and services

Energy security and smart meters

Smart meters have the potential to play a critical role in energy security, providing near real-time information through a visual in-home display, empowering consumers to change how much energy they use and when they use it. If consumers reduce or shift their energy consumption away from peak periods, they may...

Heat networks

The future of UK heat networks – critical comparisons with European markets

The UK faces a variety of challenges in terms of tackling heat decarbonisation and implementing effective, low-risk options to serve toward meeting 2050 targets. Carbon produced from heat is the single largest contributor to overall emissions in the UK, at 37% of the total per year. Heat networks may have...