• Press Releases

  Solar and wind to account for just 44% of power generation by 2030

  Cornwall Insight's latest Benchmark Power Curve forecast shows that solar, onshore and offshore wind are currently on schedule to account for just 44% of Great Britain's electricity generation by 2030. This is a significant shortfall from the 67% needed for a fully decarbonised electricity system, as projected by our modelling experts....

• Press Releases

  Delayed closure of Eraring forecast to cut NSW power prices by 40%

  New power price forecasts suggest pushing back the closure date of Eraring power station from 2025 to 2027 will cut NSW power prices by 44%, dropping from a predicted $153/MWh to $86/MWh in 2026 - a fall of $67. The data included in Cornwall Insight’s NEM Benchmark Power Curve report...

• Press Releases

  Cornwall Insight’s response to the King’s Speech

  Kate Mulvany,Principal Consultant at Cornwall Insight said: "The King's speech provided some welcome clarity on the new government's plans to accelerate the green energy transition. “With such ambitious goals, the government will need to show quick progress to assure both industry and consumers that it will meet its manifesto promises....

• Press Releases

  Rebalancing energy policy costs crucial to delivering a low-carbon future

  Cornwall Insight and the MCS Foundation are delighted to announce the release of a new report ‘Policy costs in domestic energy bills’. The report examines the critical role shifting policy costs away from electricity bills could have to the decarbonisation of residential heating and the UK’s journey to a low-carbon...

• Press Releases

  Cornwall Insight refreshes its look for a net zero future

  Cornwall Insight is updating its look continuing in our commitment to innovation, clarity, and excellence in the energy sector. As we support our customers in this ever-evolving energy landscape, the refreshed brand will make our offerings easier to understand, clearer to navigate, and more user-friendly, ensuring everybody gets the most...

• Press Releases

  Price cap forecasts fall ahead of election

  Cornwall Insight’s forecasts for the October-December 2024 Default Tariff Cap (price cap) have dropped to £1,723 a year for a typical dual fuel consumer1. This is a reduction of nearly £40 annually compared with our forecast in May. Despite the drop in the prediction, this cap level would still represent...

• Press Releases

  Two thirds of renewables applications fail to get through planning stage

  Between 2018 and 2023, the majority of applications to build renewable projects were unsuccessful in progressing through planning. Figures from Cornwall Insight’s Renewables Pipeline Tracker, show that 63% of projects were either abandoned, refused, withdrawn, or ultimately expired. The data reveals only 20% of projects remain in development statuses that...

• Press Releases

  The Economic Viability of Decarbonisation by Electrifying Heat

  A new report from Cornwall Insight, sponsored by the Confederation of Paper Industries (CPI), has outlined the challenges that energy intensive industries (EIIs) face in decarbonising their heat supply, typically natural gas-powered, when seeking to switch to grid-supplied electricity. This new report - Addressing the Cost of Electrification' - provides...

• Press Releases

  Policy vacuum on long duration storage threatens Ireland’s renewables growth

  Limited financial incentives, a lack of clear targets, and market design limitations are hindering the development of long duration energy storage (LDES)1 according to a new report from Cornwall Insight. The report, written in collaboration with the Climate Change Advisory Council, warns that barriers to storage development could slow down...

• Press Releases

  Ageing power plants forecast to drive up grid supply costs until end of decade

  New forecasts from Cornwall Insight’s Power Curve Report show that the price paid to electricity generators to maintain a stable electricity supply in the UK will remain at least £51 per kilowatt (kW) annually until the end of the decade. Substantially higher than the current £18kW rates. Ageing power plants...

• Press Releases

  Cornwall Insight appoints new CEO and Non-Executive Director

  Cornwall Insight is pleased to announce the appointment of Dan Morris the new Chief Executive Officer (CEO) and Monica Collings as a Non-Executive Director on the Board. Dan joins Cornwall Insight from Economist Impact, a division of The Economist Group, where he held several leadership positions, most recently serving as...

• Press Releases

  Shulman Advisory and Cornwall Insight forge partnership to empower Japan’s journey to net zero

  Cornwall Insight and Shulman Advisory, an expert energy consultancy based in Japan, are proud to announce their new partnership aimed at advancing Japan’s journey towards net zero. Our combined expertise will deliver market leading insights, enabling asset developers, investors, utilities and other energy businesses in the Japanese market to achieve...

• Press Releases

  UK must double rate of EV charge point installation to meet 2030 target

  New analysis from Cornwall Insight shows the UK needs to more than double the rate at which it is rolling out publicly accessible charge points for electric vehicles (EVs) if it is to meet its target of installing 300,000 by the end of the decade. Data analysed for Cornwall Insight’s...

• Press Releases

  Ofgem cut the price cap but bills forecast to rise this winter

  The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Ofgem has today announced the July Default Tariff Cap (price cap) at £1,568 a year for a typical dual fuel consumer1. This is a 7% decrease from...

• Press Releases

  Cornwall Insight release final forecast for July price cap

  The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight has announced its final forecast for the July-September Q3 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on 16 May....

• Press Releases

  Policy roadblock slows growth of fixed energy tariffs

  New data from Cornwall Insight has revealed that the number of fixed energy deals entering the market has stalled since March, with only 33 tariffs currently available, matching the number at the end of the previous quarter. Out of the 33 tariffs, only 19 are currently available on the open...

• Press Releases

  Coal exit and workforce shortages keep short-term power prices high

  The ongoing phase-out of coal facilities and the sluggish progress in launching new renewable energy projects, partly due to shortages in the skilled workforce, are poised to push electricity prices higher until 2030 as the next tranche of coal units retires. The latest NEM Benchmark Power Curve report from Cornwall...

• Press Releases

  Irish power prices expected to drop as gas storage levels remain high

  New forecasts from Cornwall Insight’s SEM Benchmark Power Price Curve indicate power prices are set to fall in 2024-25. Power prices are expected to drop from an average €106 per MWh during the previous 2023-24 fiscal year, to €91 per MWh over the 2024-2025 fiscal year, marking a 14% decrease....

• Press Releases

  Hydrogen uncertainty could delay uptake of low-carbon heating

  Without clear evidence on hydrogen's role in home heating, the development of other low-carbon alternatives could be delayed, according to a new report from Cornwall Insight. The Hydrogen Index1 report urges the UK government to ramp up research to conclusively determine whether hydrogen is a viable option for domestic heating,...

• Press Releases

  Power price projections fall amid high European gas stocks

  The latest projections from Cornwall Insight's Q1 Power Curve suggest that the recent drop in power prices is here to stay, extending all the way to the end of the decade. The new data shows a striking decline in projected prices, which bodes well for both households and businesses, offering...

• Press Releases

  Wholesale price hikes and Ofgem updates raise price cap forecast

  The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. New Default Tariff Cap (price cap) forecasts from Cornwall Insight reveal a rise in predictions for both the July and October 2024 price cap periods against previous...

• Press Releases

  Rewarding households for flexible energy use could transform energy systems worldwide

  Global analysis conducted by Cornwall Insight has unveiled the potential of rewarding consumers for embracing energy-efficient behaviours. Launched at this year’s Distributed Energy Show, the report - Integrate to Zero: Rewarding Consumers for Energy Flexibility: global market highlights – written in partnership with Integrate to Zero, examines a wide array...

• Press Releases

  Cornwall Insight responds to the ESO ‘Beyond 2030’ report

  Tom Faulkner, Head of Assets & Infrastructure and Networks at Cornwall Insight: “The report lays out the essential grid investments required to keep pace with the escalating electricity demand fuelled by the widespread adoption of heat pumps and electric vehicles. “With our sights set on a secure, low-carbon electricity grid...

• Press Releases

  Cornwall Insight responds to the Government’s announcement on UK energy security

  Kate Mulvany, Principal Consultant, at Cornwall Insight said: “Today’s consultation gets the UK one step closer to a secure and future-proofed energy landscape. Bolstering national power infrastructure and ensuring energy security will not only help insulate future bill-payers from global uncertainties, but also foster a sustainable path towards net zero....

• Press Releases

  Response to the extension of the Energy Profits Levy

  Kate Mulvany, Principal Consultant at Cornwall Insight said: “Increasing the duration of the oil and gas windfall tax (Energy Profits Levy) could be seen as positive for decarbonisation if the resulting profits are used to deliver the UK's net zero plan. Yet, without a solid transition strategy away from the...

• Press Releases

  Cornwall Insight named one of UK’s leading management consultancies in latest FT awards

  We are excited to announce that Cornwall Insight has once again been recognised as one of the leading management consultants in energy, utilities & environment by the Financial Times. This is the fifth time Cornwall Insight has featured on the list, which is based on feedback from clients and peers...

• Press Releases

  Cornwall Insight responds to the announcement of the April price cap

  Ofgem has today announced the April Default Tariff Cap (price cap) at £1,690 a year for a typical dual fuel consumer1. This is a 12% decrease from January’s cap set at £1,928 a year. A healthy flow of gas across the Atlantic, coupled with a relatively mild winter, has seen...

• Press Releases

  Cornwall Insight’s final forecast for the April price cap

  The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight has announced its final forecast for the April – June Q2 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on...

• Press Releases

  Cornwall Insight help Zenobē secure £147 million battery storage investment

  Cornwall Insight acted as an advisor for Zenobē in securing a £147 million project finance debt for its Kilmarnock South battery storage project. This 300MW/600MWh project marks a key point in Scotland’s renewable energy journey, promising to reduce the amount of wind farm curtailment and avoid CO2 emissions by 3.4...

• Press Releases

  Cheapest fixed energy tariff £130 more than April price cap forecasts

  Households choosing to sign up to any of the fixed energy tariffs currently available, could end up paying around £130 more on average than the projected April Default Tariff Cap (price cap), according to Cornwall Insight’s Domestic Tariff Report. Our latest price cap forecasts1 show the cap dropping by 16%...