Latest blogs

  • Regulation and policy

    Two years on: How Russia’s invasion of Ukraine reshaped the UK’s energy landscape

    Two years ago, on 24 February 2022, Russia launched a large-scale invasion of Ukraine. As well as causing widespread devastation and displacement, resulting in a humanitarian crisis, the ensuing conflict also had a wide range of consequences for the energy sector such as causing a structural change in European gas...

  • Energy storage and flexibility

    Revenue Stacking for Flexibility: A Deep Dive into GB Electricity Flexibility Services 

    In the ever-evolving landscape of the energy sector, the role of flexibility services in ensuring a stable and resilient electricity grid has become increasingly vital. As the demand for renewable energy sources continues to grow, flexibility service providers play a crucial role in balancing supply and demand, optimising grid performance,...

  • Low carbon generation

    Battery storage in Japan: An up-and-coming market?

    This paper includes exclusive insights from Cornwall Insight’s Japan Benchmark Power Curve. In this insight paper, we discuss the demand and challenges accompanying Japan's changing energy mix. Aiming to address whether, as the transition to net zero creates greater need and opportunities for faster dispatch electricity storage, could Japan represent...

  • Low carbon generation

    Latest developments in the TPI space

    We recently published our 2023 Annual TPI report which provides an independent review and analysis of the market for TPIs, and the services provided by them. The report also looks at the current challenges and opportunities for TPIs, such as regulatory changes, competition with suppliers, and diversification of services. 2023...

  • Low carbon generation

    Is Germany going green? Charting Germany’s energy transition (2nd edition)

    This paper includes exclusive insights from Cornwall Insight’s North West Europe Benchmark Power Curve. The first edition of this report was published in June 2023. Using exclusive insights from our new North West Europe Benchmark Power Curve, our insight paper assesses the impact of macroeconomic and geopolitical challenges on Germany’s...

  • Low carbon generation

    Is Germany going green? Charting Germany’s energy transition (2nd edition)

    This paper includes exclusive insights from Cornwall Insight’s North West Europe Benchmark Power Curve. The first edition of this report was published in June 2023. Using exclusive insights from our new North West Europe Benchmark Power Curve, our insight paper assesses the impact of macroeconomic and geopolitical challenges on Germany’s...

  • Low carbon generation

    Learning curves and the many moving parts of the CfD Auctions

    Learning curves are an important part of the toolbox of energy system modelling, representing the benefits of learning by doing and the economies of scale. The learning rate describes how as production doubles capacity cost reduces, so a learning rate of 15% would imply that as production doubles, costs would...

  • Commercial and market outlook

    What to look out for in 2024

    Cornwall Insight experts provide their predictions for the year ahead in this handy infographic. We have collated some predictions from across our knowledge base to provide a quick snapshot of what to look out for in the GB energy market in 2024. The key highlights include the global discussion on...

  • Low carbon generation

    Q4 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 Q4 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

    Calm after the storm although transition begins to lag | 2023 year in review

    This year saw a return to relative calmness after the energy shocks of last year, while governments are playing an increasing role as the rate of new renewable generation lags. Spot pricing was subdued compared to last year, with no significant unexpected outages that caused sustained price spikes. Higher levels...

  • Announcement

    Offshore wind now appears in latest ISP

    The ISP also forecasts that greater flexible gas generation is needed From Cornwall Insight Australia's Energy Market Alerts service Offshore wind officially appears in the draft 2024 ISP due to state-based offshore wind targets. Figure 1 below from our latest Energy Market Alert, shows the variance in forecast generation between...

  • Announcement

    Very Fast FCAS markets in the NEM

    Cornwall Insight Australia released the latest Frequency Control Ancillary Service (FCAS) price curves for Q4 2023. The two new Very Fast FCAS markets have begun, and with this report, Cornwall Insight Australia explores how they’re evolving and what the future outlook of these markets holds. Detailing a full 20-year interval...

  • Power and gas networks

    Considerations for forecasting non-commodity costs for large users

    Electricity non-commodity costs, also known as Third Party Charges (or TPCs), are faced by the vast majority of end consumers that use electricity. They represent a significant proportion of the energy bill for domestic, SME and large industrial user types; however, their applicability and scale can vary depending on the...

  • Commercial and market outlook

    Latest Benchmark power curve insight

    Cornwall Insight Australia has released our latest NEM Benchmark power curve (NEM BPC) for Q4 2023 to our subscribers. Our latest edition includes Marinus Link, ESSO constraints and other updates. We have released a free excerpt, which you can access below.The Federal Government has announced a partnership with the Marinus Link...

  • Net zero corporates and ESG

    Race to net zero: Rebuilding investor confidence in the UK

    In our recent insight paper “Race to net zero: Rebuilding investor confidence in the UK”, published on 30 November, we discuss how increased macroeconomic pressures and rising international competition for capital have impacted the UK’s ability to secure investment in renewables and maintain momentum towards net zero. We also investigate...

  • E-mobility and low carbon

    Paving the way: EV Country Attractiveness Index findings

    Following the previous iteration of the EVCA Index, published in September 2023, the EV market has continued to grow across Europe. From October 2022 to October 2023, the EU, Norway, and the UK have seen a combined 29% year-on-year increase in battery electric vehicle (BEV) sales. Cornwall Insight have partnered...

  • Announcement

    New South Wales REZ outlook

    From Cornwall Insight Australia's Energy Market Perspective Our quarterly Energy Market Perspective contains an analysis of indicative capacity at REZ zones throughout the NEM.  The following assessment for NSW is from our latest edition. Request Energy Market Perspective call back The strategic development of Renewable Energy Zones (REZs) in New...

  • Announcement

    Capacity Investment Scheme boosted from 6GW to 32GW

    From Cornwall Insight Australia's Energy Market Alerts service Last Friday, the Commonwealth announced a major boost to the Capacity Investment Scheme, with the scheme now expected to deliver 32GW (combination of 9GW firming capacity and 23GW renewable generation) – up from 6GW. Cornwall Insight Australia has released an Energy Market...

  • Regulation and policy

    Building back: Autumn Statement seeks to deliver investment confidence

    On 22 November, the Chancellor of the Exchequer, Jeremy Hunt, presented the government’s Autumn Statement 2023. The Statement contained a variety of measures related to energy including: £600bn of planned public sector investment over the next five years to underpin future growth and support energy security, net zero, and public...

  • Energy Market Design

    Energy market volatility remains evident amid a delicate geopolitical landscape

    Recent events, from the worker strikes at the Chevron-owned Wheatstone LNG facility in Australia to the Israel-Hamas conflict, have highlighted the potential for disruption to energy exports. The Wheatstone and nearby Gorgon facilities account for ~5% of global LNG supplies. Whilst Europe is not the recipient of notable volumes of...

  • Announcement

    What are Australia’s emissions reduction targets?

    From Cornwall Insight Australia's Energy Market Alerts service Energy laws have now been amended to incorporate an emissions reduction objective alongside the other objectives. The list of targets that the market bodies will need to consider is listed in a separately published Targets Statement. The targets currently listed cover both...

  • Announcement

    Energy prices tumble in October

    From Cornwall Insight Australia’s NEM Market Analysis report With over 700 GWh of rooftop PV added to the NEM since October last year, records were again set in NEM minimum demands along with a high instantaneous renewable penetration within the grid of 71.4%. Once again, the month’s main story was...

  • Announcement

    Emissions intensity drops for October 2023

    From Cornwall Insight Australia’s NEM Market Analysis report This October saw a 12.6% reduction in total emissions (accounting for -1.18 Mt CO2-e reduction) as solar and wind generation has increased significantly. The reduction in emissions may continue with the arrival of Fly Creek and Rye Park wind farms expected soon...

  • Home supply and services

    2023’s focus on consumer vulnerability

    Looking back on this year, one of the key themes that can be drawn out of the regulatory action taken by Ofgem is the focus on protecting the most vulnerable consumers. Whilst this has always been a priority for the regulator, being weaved into its statutory duties and the licences...

  • E-mobility and low carbon

    EV drivers passed peak prices when charging on-street 

    In October, lamppost EV charging provider Ubitricity rolled out a new pricing structure, which included a higher p/kWh rate for peak times. In this blog, we will look at why Ubitricity has taken this step, and how other lamppost charge point operators are structuring their tariffs.   How and why has...

  • Announcement

    Latest Marginal Loss Factor (MLF) forecasts

    Cornwall Insight Australia recently launched our Marginal loss factor (MLF) curve subscription insight service. The MLF curve provides future projections of MLF throughout the NEM, allowing clients to be better informed of likely MLF trajectories for both current projects and be able to benchmark MLFs for projects under development. The...

  • Energy storage and flexibility

    Keeping up to speed: latest developments in the flexibility space 

    Each month we hold our Flexibility Forum covering the latest developments in the flexibility space in GB, providing an opportunity for forum members to keep up to date with the goings on across policy, regulation, and markets – in a space that is seemingly everchanging and rarely static.   In this...

  • Net zero corporates and ESG

    Q3 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 Q3 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...

Sign up to receive our latest news, insight and analysis of the energy sector straight into your inbox
Cornwall Insight portal
Log in or register to view your subscription services