• Press Releases

  Proactive investment and planning rule reform needed to strengthen energy network

  Cornwall Insight’s response to the King's Speech announcing the government's intent to reform energy grid connections. Tom Faulkner. Head of Assets & Infrastructure and Networks at Cornwall Insight: “The government’s commitment to reforming energy grid connections is a crucial first step, but getting network reforms right is a complicated task....

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  Price cap forecast to remain above current level until end of 2024

  The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Forecasts for the 2024 Default Tariff Cap (price cap) have risen in response to growing volatility in the global wholesale energy market. Latest predictions, place a typical1...

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  European LNG supply under pressure amid escalating competition and price surge

  A new report from Cornwall Insight has exposed the challenges facing Europe's Liquified Natural Gas (LNG) supply, as growing competition from China and price rises increase pressure on the gas market. The analysis, focusing on LNG security over the upcoming winter, highlights that heightened Chinese gas demand, driven by economic...

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  Irish power prices to rise in 2024 while renewables goals hang in the balance

  A new report forecasting power prices out to 2030, has shown a jump in short-term prices. The data from Cornwall Insight’s All-Island Power Market Outlook to 2023, predicts prices will rise to nearly €190/MWh for 2024, three times the pre-2021 average.   The increase in the near-term forecast has been...

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  Government’s offshore wind shortfall could delay net zero

  A new report forecasting the energy generation mix out to 2030, has calculated the government will miss its 50GW offshore wind capacity target, with potential consequences for net zero.   Modelling from Cornwall Insight, included in its quarterly GB Benchmark Power Curve report, forecasts offshore wind capacity will increase from...

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  Reform of electricity network charges and balancing markets could fast-track energy transition

  Reforming charges for using the electricity network and reviewing how generators and customers provide flexibility to the system, could accelerate cost-effective decarbonisation of the electricity system, and help GB meet its net-zero targets. A new report1, from Cornwall Insight in partnership with SSE, explores how rethinking the Transmission Network Use...

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  Cornwall Insight becomes an accredited Living Wage Employer

  Cornwall Insight is proud to have been accredited as a Living Wage Employer by the Living Wage Foundation, demonstrating its commitment to fair and equitable pay for its employees. This accreditation guarantees that every member of Cornwall Insight’s UK team, including those under third-party contracts, receives a wage that accurately...

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  Market reforms could shield consumers from high electricity bills

  Reforming the electricity market is essential to delivering a cost-effective, stable, net zero-ready energy system, according to a new report published today.   The document, Transforming the energy market: how change will work for consumers, which is a joint venture between Cornwall Insight and the MCS Charitable Foundation, urges the government...

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  Cornwall Insight release price cap forecasts for 2024

  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. Prior to the introduction of the October - December 2023 Default Tariff Cap (price cap), Cornwall Insight has announced its forecasts for 2024. Our new figures predict...

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  Ireland’s EV surge outpaces most of Europe

  New analysis has revealed that Battery Electric Vehicle (BEV) growth in Ireland over the past year has surged ahead of most major European countries. The data, analysed by Cornwall Insight and law firm Shoosmiths for their Electric Vehicle Country Attractiveness (EVCA) Index1, shows Ireland has grown its BEV sales by...

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  UK EV growth trails behind most of Europe

  New analysis has revealed that Battery Electric Vehicle (BEV) growth in the UK is falling behind most of Europe, with growth just half of the continental average. This comes as a delay on the ban of new petrol and diesel car sales threatens to slow the BEV transition further. The...

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  Social tariffs could cut energy bills by £300 for poorest households

  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. Introducing social tariffs has the potential to reduce the energy bills of the country's most vulnerable by over £330 a year, at a relatively low cost to...

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  Government’s renewable targets at risk as auction sees no bids for offshore wind

  The government has today unveiled the results of its fifth Contracts for Difference (CfD) auction (AR5), securing 3.7GW of renewable capacity. This is a marked reduction from last year’s secured capacity of 11GW, with government renewables targets potentially at risk. The auction, which saw developers able to bid on a...

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  Cornwall Insight’s response to the announcement of the October 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. Ofgem has today announced the October Default Tariff Cap (price cap) at £1,923 a year for a typical dual fuel consumer1 for the final three months of...

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  New power grid rules could reduce battery funding and lifespan

  New rules proposed by the Australian Energy Market Operator (AEMO) could reduce the revenue streams available to batteries and cut their lifespan. The proposed change would require batteries with a capacity of 5MW or greater to respond automatically to small changes in power system frequency, known as a Primary Frequency...

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  Cornwall Insight’s final forecast for the October 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 October – December Q4 2023 Default Tariff Cap (price cap) following the closure of the observation window1 on...

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  Embracing off-peak electricity use and home generation could save billions in energy costs

  New analysis from Cornwall Insight and Smart Energy GB has revealed the substantial cost-saving potential of household flexible electricity initiatives such as time-of-use tariffs, smart meters, solar PV, and batteries. The data reveals national wholesale and system electricity costs could be cut by an annual £4.6bn in 2030 and £14.1...

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  Cornwall Insight advises LDC on investment in UniHomes

  Cornwall Insight has advised leading private equity investor LDC on its minority investment in market leading student accommodation advertising platform, UniHomes, as the business continues its expansion across the UK. Based in Sheffield and operating in 41 locations nationwide, UniHomes helps students find their perfect university ‘home from home’, by...

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  Mixed outlook for energy bills as new cap announcement looms

  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 unveiled its latest forecasts for the Default Tariff Cap (price cap) covering the period October 2023 (Q423) to September 2024 (Q324). The predictions, calculated...

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  Cornwall Insight achieves platinum award for consultancy services

  We are delighted to share that Cornwall Insight has been honoured with the prestigious platinum award in the Consultancy.uk rankings for energy advisors. This achievement highlights the exceptional contributions we have made to the energy sector and underscores the expertise we have in our consultancy services. Volker Beckers, Chair of...

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  Households unlikely to benefit from fixed tariffs over the coming year

  Data analysed by Cornwall Insight has shown that households choosing to sign up to any of the fixed energy tariffs currently available would be unlikely to experience savings in their energy bills over the next year when compared to Cornwall Insight’s forecast price cap rates1. As energy prices continue to...

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  Ireland must accelerate renewables expansion to avoid falling short on climate targets

  Analysis conducted by Cornwall Insight Ireland has unveiled that Ireland must significantly increase its renewable’s procurement efforts if it is to meet its ambitious Climate Action Plan 2023 (CAP23) targets. Cornwall Insight’s All-Island forward curve analysis indicates that an additional capacity of nearly 1GW must be secured at every eligible...

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  New forecast warns power prices to remain elevated until late 2030s

  Cornwall Insight has unveiled its latest GB Power Market Outlook to 2030, revealing that power prices in Great Britain will not shift below pre-2022 levels until the late 2030s. The report cites the surging demand for power as the main driver behind this trend, as the move to electric heating...

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  Average price cap forecasts fall as Ofgem revises definition of typical energy consumption

  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. Prior to the upcoming introduction of the July Default Tariff Cap (price cap), Cornwall Insight is unveiling its latest predictions. Starting from October 2023, the forecast stands...

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  UK sees 70% rise in public charge-points for electric vehicles over past year

  The UK now has one publicly accessible charge point for every 11.2 Battery Electric Vehicles (BEV) on the road, having seen a remarkable 70% jump in charge points over the past year. The figures, utilised in the calculation of the Electric Vehicle Country Attractiveness (EVCA) Index by Cornwall Insight and...

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  Development of long-duration energy storage vital to achieving net zero targets

  A new report, jointly authored by Cornwall Insight and global law firm DLA Piper, has highlighted the urgent need for financial incentives to speed up the development of long-duration energy storage systems, which are crucial for meeting the UK’s ambitious net zero goals. As more renewables enter the market, energy...

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  VNI West Project could delay the retirement of coal generators

  Analysis conducted by Cornwall Insight Australia reveals that certain coal plants in New South Wales (NSW) may benefit from delaying their retirement, following the release of new plans for the VNI West transmission project. The 'conclusions report' from the Australian Energy Market Operator (AEMO) indicates that under the preferred scenario...

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  Cornwall Insight expands to central Norwich offices amidst rapid growth

  Cornwall Insight, is delighted to announce its relocation to larger offices in the heart of Norwich, underscoring the company's remarkable growth in recent years. Following five successful years at Rose Lane, during which we were honoured with the Norfolk Business Award’s Business of the Year in 2021 and the Outstanding...

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  Cornwall Insight responds to the announcement of the 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. Dr Craig Lowrey, Principal Consultant at Cornwall Insight said: “Ofgem’s announcement that July’s Default Tariff Cap (price cap) will fall to an average1 £2,074 p/a, will undoubtedly...

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  Staggering the shutdown of Eraring Power Station would lower impact on energy costs

  New modelling from Cornwall Insight Australia reveals that a staggered retirement of the Eraring power station would reduce the impact on energy prices in New South Wales (NSW) and lower net imports. Unlike previous plant closures, Eraring will retire all four units simultaneously, with a scheduled shutdown of August 2025....