Media Mentions
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Media Mentions
City AM| Price of wind power
Senior Consultant Alex Asher warned that the fifth allocation round of the Contract for Difference scheme could see the cost of wind power generation rise, as geopolitical concerns and inflation drive up capital, which could lead to higher auction prices. City AM
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Media Mentions
Radio 4 ‘The Briefing Room’| Why are fuel and energy prices dropping?
Kate Mulvany, Senior Consultant at Cornwall Insight, discussed the unexpected benefits of the recent winter for the energy market and the factors contributing to the decrease in wholesale prices with David Aaronovitch and Javier Blas. BBC Radio 4's 'The Briefing Room' - Listen at 06.05
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Media Mentions
Guardian| Business decarbonisation
In an interview with the Guardian, our CEO Gareth Miller discussed the potential negative impact of the government's Energy Bill Discount Scheme on the net-zero goals of UK businesses. He emphasised that cutting back on business support from April could lead to decreased investment, and suggested that shifting the policy...
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Media Mentions
BBC News Online| Falling wholesale market lowers price cap forecasts
Our first price cap predictions for 2023 were revised downward due to decreasing wholesale prices. Despite the decrease, our Principal Consultant Dr Craig Lowrey warned in a BBC article that even if energy prices remain low, government spending related to the Energy Price Guarantee will likely be passed on to...
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Media Mentions
Daily Mail| Long-term wholesale prices high
New modelling from Cornwall Insight included in our report – ‘Another winter of discontent?’ - was covered in the Daily Mail. Matthew Chadwick spoke on why the heavy reliance on foreign imports in the UK makes the country vulnerable to global rises. Daily Mail
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Media Mentions
New Statesman| Interview with Gareth Miller CEO
In an interview with the New Statesman, our CEO Gareth Miller discussed potential energy challenges for the upcoming winter, as well as our price cap forecasts, the windfall tax, potential solutions to the energy crisis, and Cornwall Insight's plans for the future. New Statesman
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Media Mentions
Reuters| Supplier debt
Following an Insight paper released by Cornwall Insight and Complete Strategy on bad debt and energy suppliers, Matthew Chadwick our Lead Research Analyst was featured on the Reuters website. Matthew spoke on the knock on effect the bad debt could have to suppliers, many of whom were already working to...
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Media Mentions
City AM| Windfall tax on renewable generators
A windfall tax on renewables generators would be disproportionate Matthew Chadwick a Lead Research Analyst at Cornwall Insight told City AM. With renewables having made significantly lower profits and being vulnerable to higher interest rates, a windfall tax could harm the roll out of renewables across the country, damaging net...
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Media Mentions
Current+| Cost of charging EVs
Oliver Archer Lead Analyst at Cornwall Insight was quoted in trade publication Current+ discussing the rising costs of charging EVs on the public network. He explained that although the Energy Bill Relief Scheme has provided charge point operators with some respite, it only applied to the wholesale elements of the...
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Media Mentions
Eastern Daily Press| Norfolk Business Awards
An interview with our CEO Gareth Miller was featured in the EDP after Cornwall Insight won the Outstanding Achievement Award at the Norfolk Business Awards. Gareth spoke about the honour of winning such an award, what makes Cornwall Insight stand out and our plans for the future. EDP
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Media Mentions
ITV| Energy Price Guarantee
Gareth Miller CEO at Cornwall Insight spoke to ITV on the domestic support the government were putting in place to help households with their bills. He also mentioned the vital support needed from the government to help businesses, which would need to be reviewed rapidly. ITV
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Media Mentions
Guardian| Cost of the Energy Price Guarantee
Cornwall Insight released our forecast on the costs the government may face by freezing energy prices at £2,500 for all consumers. Our CEO Gareth Miller, spoke on the chance the government was taking by introducing the Energy price Guarantee Guardian
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Media Mentions
Guardian| Hydrogen could add costs to household bills
Cornwall Insight warned that using hydrogen for domestic heating could be very expensive, with the Guardian reporting on our joint report with renewable energy charity MCS Foundation. Our Senior Consultant Jitendra Patel, spoke on why it is simply uneconomical to use 100% hydrogen for household energy. Guardian
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Media Mentions
Telegraph| Energy Bill Relief Scheme
Our Head of Relationship Development Robert Buckley spoke to the Telegraph on the newly announced energy bill support for businesses. He warned that while the short-term fix was welcome, the government must make longer-term reform of the energy industry a priority. Telegraph
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Media Mentions
Current+| Business energy crisis could raise inequality
A paper by Cornwall Insight warned of the inequality that increasing energy costs could cause, with industries typically included in the government's levelling up agenda being the worst hit. Naomi Potter, a Lead Analyst at Cornwall Insight, called for intervention by the government to lower costs and protect small and...
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Media Mentions
Times| Power plant gas subsidies
Our CEO Gareth Miller spoke in the Times on how providing subsidised gas for power stations could reduce energy bills by billions of pounds. With most interventions in the energy market looking at energy retailers, changes which looked at generation had been left out of the discussion, however they have...
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Media Mentions
Independent| Decade of higher energy bills
Senior Modeller Tom Edwards, spoke on our Benchmark Power Curve which forecast power costs to be above pre-2021 levels for the next decade. However the dip in power prices from 2024 up to 2030, shows that markets and governments are investing in renewables as a response to the current higher...
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Media Mentions
Radio 4 Today Programme | Business energy prices
Robert Buckley, our Head of Relationship Development, spoke on the concerns facing business energy prices, which he said could be five, six or seven times more than current contracts when they were renewed in October. The importance of considering energy efficiency measures was emphasised. Daily Mail - Quotes from Radio...
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Media Mentions
iNews| Electricity demand during unprecedented heatwave
Research from Cornwall Insight showed that electricity system margins in Great Britain were very tight during the record-high temperatures seen earlier this week, with demand close to overtaking supply. Analyst Luke Ansell spoke to iNews on how the inefficiency of generation and supply, caused the electricity market to become incredibly...
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Media Mentions
Mirror | Price cap to reach £3,300
New predictions on the price cap from Cornwall Insight make for bleak reading, with disrupted gas supplies from Russia causing spikes in gas prices. Our Principal Consultant told the Mirror there was unlikely to be much movement with the setting of the October cap only one month away. Mirror
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Media Mentions
Eastern Daily Press| Bowmark Capital backs buy-out of Cornwall Insight
CEO of Cornwall Insight Gareth Miller was featured in the EDP speaking on the buy-out of Cornwall Insight by private equity investor Bowmark Capital. Gareth spoke of the significant experience Bowmark brought of partnering with growing businesses and what we were looking to achieve together. EDP
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Media Mentions
City AM| Windfarms delay contracts
Data collated by Cornwall Insight showed that offshore windfarms delaying the start of their CfD contracts with the government, could have made significantly greater profits since the start of 2022. Analyst Lee Drummee, spoke in City AM on why allowing for conscious delays from developers could be harming returns the...
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Media Mentions
Guardian| Energy Price Cap could reach £3,000
With the geopolitical events in Russia causing significant barriers to energy flows and raising wholesale gas prices, Principal Consultant Dr Craig Lowrey warned consumers that in January, an average customer may be facing a bill over 50% more than the existing cap. Guardian
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Media Mentions
Current+| Decarbonisation and energy security
New research from Cornwall Insight and law firm Womble Bond Dickinson laid out what the UK government must do to achieve an affordable, sustainable and secure energy system and reach its goal of Net Zero by 2050. Naomi Potter spoke in Current+ on the challenges facing the UK as it...
