Consolidation in the domestic energy market: An interview with Shoosmiths

Cornwall Insight and the UK law firm Shoosmiths have published a report on consolidation in the domestic energy market. Over the last five years or so, the market has undergone a period of intense competition. Lower barriers to entry saw a rise in licensed competitors, diversifying propositions, service and added value options for consumers. Today, that number has fallen dramatically as the market has moved into a phase of consolidation. 

We’ve seen multiple Supplier of Last Resort (SoLR) events and market exits, HUB energy being the latest one in the past month. With these exits come cost implications for the whole industry due to the socialisation of failed supplier debt, and mergers and acquisitions are also on the rise.

In this podcast, Cornwall Insight’s Lead Research Analysts, Emma Bill and Kate Hill, come together with Tim Jackson-Smith, Partner at UK law firm Shoosmiths LLP to consider the key messages from the report. This includes insights as to what business models are underpinning success among today’s market leaders and how the market might fare for suppliers more generally, be that present suppliers or new entrants.

Download our report on consolidation in the domestic energy market here.

If you have any queries, or would like to discuss the report’s findings, please get in touch with and 

Below is a 60-second extract from our full podcast.

To listen to the full podcast, please log in to your account

Alternatively, please sign up for a free account

Related thinking

Net zero corporates and ESG

Is our energy market design fit for net zero?

In our latest podcast, our Research Partner, Dan Atzori, and our Senior Modeler, Tom Edwards, discuss energy governance challenges and how to overcome them. A number of key stakeholders in the energy transition are raising the issue of whether the governance status quo is adequate for achieving net zero. While...

Low carbon generation

The impact of COVID-19 on financing low-carbon infrastructure

Our latest podcast features Cornwall Insight’s Research Partner, Daniel Atzori, and Key Account Leader, Bertie Bagge. In the podcast, they interview Dan Wells, partner at Foresight, and Gareth Baker, partner at Gowling WLG. The group discuss the likely impact of the COVID-19 crisis on financing low-carbon infrastructure. Our experts look...

Energy storage and flexibility

Virtual Lead Party: Opening up opportunities for flexibility providers to access BM & Project TERRE

This podcast features our experts, Tom Edwards, Senior Modeller and BSC Panel member, and our Head of Training, Ed Reed. They introduce the new arrangements that allow more asset owners and operators to provide balancing services to National Grid ESO. Specifically, they discuss the introduction of the new “Virtual Lead...

Heat networks

The future of UK heat networks

In our latest podcast, our experts Ed Reed, Tom Lusher, Stuart Leaver and Duncan Southgate – an associate – discuss developments in the UK Heat Networks Space. This follows on from our popular insight paper "The Future of UK heat networks – critical comparisons with European markets". The experts discuss...

Regulation and Policy

Special edition: The codes they are a changing | Code Governance Reform

Our Head of Training, Ed Reed, talks to our GB energy market industry code experts, Adam Boorman and Tom Edwards as they discuss the ongoing government and Ofgem led code governance reform programme. The industry codes set out the detailed commercial operation of the GB electricity and gas markets. Moreover,...

Low carbon generation

GB wholesale power market trends and views on future developments

In our latest Podcast, our two Senior Modellers, Tom Edwards and Tom Musker provide their views on a range of wholesale market issues, including recent trends and future developments. The questions are posed by Ben Hall, our Head of New Business, and focus on key topics including: drivers of recent...

Business supply and services

The ups and downs of energy retail

In the second of a new monthly series of podcasts, Cornwall Insight’s retail energy market experts Anna Moss and Robert Buckley chat to Head of Research, Ed Reed. They mull over a busy autumn 2018 of increasing competition, several supplier exits and the looming default price cap. They conclude by discussing...