Latest blogs

  • 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...

  • Low carbon generation

    Government publishes Ireland’s Climate Action Plan 2023

    This article is an extract from our Energy Spectrum Ireland service, which is a monthly publication and weekly news bulletin covering key developments in the Irish and Northern Irish energy sectors. If you are interested, we are currently offering a free trial which you can sign up to by filling...

  • Net zero corporates and ESG

    Long-term regulatory and policy changes needed to avoid stalls to business decarbonisation

    In light of the financial pressures faced by businesses from rising inflation and interest rates, tight supply chains and labour markets, alongside high energy bills, there is a high chance corporate investment in decarbonisation could be in trouble. In Cornwall Insight's latest Insight paper “Business net zero: Making progress in...

  • Commercial and market outlook

    Winter 2023-24 price cap forecasts fall further below 2022-23 EPG, but long-term prospects remain uncertain

    Our latest forecasts for the Default Tariff Cap (price cap) have shown energy bill predictions for a typical household1 have fallen to £3,208 from April, decreasing further to approximately £2,200 for July-August (Q3 2023) and September-December (Q4 2023). These forecasts are around £300/year lower than our previous forecasts issued on...

  • Year in industry

    Year in industry – Luana Graca

    My name is Luana and I started my Year in Industry programme with Cornwall Insight from July. Once I started, I was given roles within the Content and Research team essentially to assist them with their ongoing projects. When I was originally offered the opportunity, I felt nervous as I...

  • Energy Market Design

    Are prices going to rise in Contract for Difference Allocation Round 5?

    A number of factors may be about to put an end to the trend for falling energy prices in the Contract For Difference (CfD) scheme. The CfD scheme has provided strong subsidy support whilst also providing consumers robust levels of protection. High investor confidence and steady reductions in capital costs...

  • Commercial and market outlook

    Tales of the unexpected: what’s happening with gas prices

    The gas sell-off for contracts relating to this winter/spring & coming summer has continued in the last few days. On January 16th alone, contracts closed down c15%-17% on gas contracts for this spring and through into summer. This is despite some analysts predicting that gapping-up would occur on the promise...

  • Business supply and services

    Early implications of the Energy Bill Discount Scheme  

    People are beginning to take in the changes from the business Energy Bill Relief Scheme (EBRS) to the Energy Bill Discount Scheme (EBDS) that are scheduled for the end of March. As we outlined in our release earlier in the week, the government support is to be scaled back significantly....

  • Commercial and market outlook

    Delays to onshore wind investment increase long-term power prices in Ireland

    Note: Cornwall Insight Ireland release the 'All-Island Power Market Outlook 2023' on a quarterly basis. The increase in long-term power prices refers to the comparison with our Q3 Power Market Outlook released in October 2022. Data from our fourth - ‘All-Island Power Market Outlook to 2030’ – has forecast that...

  • Business supply and services

    What happened in 2022 in the energy market?

    The GB energy market never stands still and 2022 was no different. In this infographic, we look back at some key happenings from the past year in different segments of the GB energy market.  Click the image below to see our snapshot.

  • Business supply and services

    Our response to the announcement of the Energy Bill Discount Scheme 

    The government have announced that the Energy Bill Relief Scheme (EBRS) will be replaced by a less supportive Energy Bill Discount Scheme (EBDS) from April 2023. The government have been managing expectations on reducing support levels for business energy costs now for several months and remain under pressure over control...

  • Home supply and services

    The role of smart meters in energy security

    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...

  • Business supply and services

    Top 3 predictions for the energy transition

    Robert Buckley, our Head of Relationship Development, gave his top 3 predictions for the energy transition in 2023. 1) Decarbonisation destabilisation Europe’s energy market is going through a war-driven restructuring away from Russian gas which will take years. Wholesale gas, coal and carbon prices will remain very high much longer...

  • E-mobility and low carbon

    2022’s most exciting ‘Charts of the Week’

    Some of our team have looked back throughout 2022 and picked their most exciting ‘Chart of the Week’.​Their choices include exploring green tariffs, wholesale gas prices, CfD allocation round 4 and the MHHS Implementation Levy.  It’s My Birthday – Two years of Dynamic Containment Picked by Tom Faulkner, Head of...

  • Net zero corporates and ESG

    Q4 2022 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 Q4 2022

    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...

  • Home supply and services

    Drop in wholesale energy prices sees price cap predictions fall below the EPG for second half of 2023

    Our latest forecasts for the Default Tariff Cap (price cap) have shown energy bills for a typical household are predicted to be below the government’s Energy Price Guarantee (EPG) from July (Q3 2023) this year. Despite the fall in these forecasts, bills are set to remain significantly above pre-pandemic levels...

  • Energy storage and flexibility

    “Co-location, co-location, co-location”: Benefits and challenges

    Key take-aways of the launch event   By Jamie Maule, Dr Matthew Chadwick & Nick Fothergill (Partner – Weightmans LLP) As part of the UK’s transition to net zero, the electricity generation mix needs to evolve, with increasing amounts of renewable capacity required to meet net zero commitments. To maximise...

  • Regulation and policy

    Global shocks but energy transition powers ahead – 2022 year in review

    It goes without saying that 2022 has been a tumultuous year for energy worldwide, and Australia was no exception. The unprecedented suspension of the NEM in June 2022 exposed fragility in Australia’s energy market, which could not withstand the shock of high energy commodity prices caused by the Russian invasion...

  • Business supply and services

    Terms and conditions apply: Ofgem looking further into business market

    As turbulence has continued in the wholesale energy markets throughout 2022, including through the crucial October contracting round for the business supply market, non-domestic energy suppliers have come under considerable pressure. Firstly, they have had to attempt to pass through extraordinary price increases to customers in recent months, particularly if...

  • Energy storage and flexibility

    Energy Market Bulletin: 2022 Review of Power and Gas

    2022 has positioned itself firmly as one of the most memorable for the energy sector in recent years. We have witnessed seismic changes in the wholesale cost of energy, transformational proposals for market reform and two new Prime Ministers. In our last Energy Market Bulletin report of 2022, we have...

  • Low carbon generation

    Video podcast: What is REMA and why is it needed?

    Join our energy experts, Senior Consultant, Kate Mulvany and Research Partner, Dr. Dan Atzori as they discuss the Review of Electricity Market Arrangements (REMA), why it is needed, how the energy market is reacting and responding to it and how Cornwall Insight can help businesses navigate REMA. Watch the full...

  • Regulation and policy

    Energy Market Alerts service and key alerts

    Australia’s energy market is rapidly changing, with increasing renewable generation, exiting thermal plants, and new technologies on the horizon, such as hydrogen. Policymakers and regulators at the Federal and State levels are grappling with this transition. As a result, it may seem there are a bewildering number of regulatory changes...

  • Home supply and services

    Determining how we fund, not just what we fund, is critical

    Concerns that the strike prices in the upcoming CFD auction round could be too low to be deliverable have been raised as more details of the scheme have emerged. Back in May 2022, our chief executive Gareth Miller discussed why such fears may have some grounding. Last week I was...

  • Energy storage and flexibility

    Balancing Reserve: ESO proposes new regulating reserve service

    In recent months National Grid ESO has been developing a new reserve service to improve the management of the system and enable the grid to accommodate zero carbon operation of the electricity system by 2025. On 28 September the ESO first announced at their Autumn 2022 Markets Forum, a proposal...

  • Home supply and services

    Why short-term high wholesale prices aren’t the key driver of domestic energy bills

    The current cold snap across most of western Europe has resulted in high wholesale electricity prices. Observed prices in the GB wholesale market are typically higher than those in neighbouring electricity markets, and here we provide an explanation of why this is likely the case but also why short-term periods...

  • Low carbon generation

    Benefits of household rooftop solar – a personal point of view

    This blog is the first in an irregular series from the Cornwall Insight team on their experiences of installing or owning various energy assets. In 2018 I finally acted on the desire to install my own generation at home, largely prompted by the looming closure of the Feed in Tariff...

  • Regulation and policy

    Regulatory Authority (RA) System Services Future Arrangements (SSFA) Workshop

    The RA held a stakeholder workshop on 23 November to provide an update on the next steps of the project following the publication of the decision paper on the System Services Future Arrangements High Level Design (SEM-22-012) in April 2022. The objective of the SSFA is to deliver a competitive...

Sign up to receive our latest news, insight and analysis of the energy sector straight into your inbox
Cornwall Insight portal
Log in or sign up to receive free market insight and view your subscriptions