2030

  • Press Releases

    Power prices drop in Ireland as EU increases gas reserves

    Cornwall Insight have reduced their short-term power market price forecast for Ireland, with predictions for 2024 dropping by over 18%. This could bring welcome relief to homes and businesses struggling with soaring energy costs. Higher than anticipated gas storage levels in the EU have lowered fears of shortages this winter....

  • Media Mentions

    City AM| Energy Bill Support

    Our Principal Consultant Dr Craig Lowrey spoke in City AM on the financial relief that the government and wider industry should be looking to provide consumers, given energy bills were predicted to stabilise well above pre-energy crisis levels. He also emphasised that the government needed to keep a focus on...

  • Media Mentions

    The Times| Long-term energy forecasts

    The Times featured our Benchmark Power Curve forecast, revealing that energy prices were projected to remain elevated until the late 2030s, as stated by Tom Edwards, Senior Modeller at Cornwall Insight. In his conversation with The Times, Edwards explained that factors such as escalating power demand, growing exports, and dependence...

  • Press Releases

    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...

  • Media Mentions

    Current+| long-term power prices

    Following the release of our fourth 2022 GB Power Market Outlook to 2030 our Senior Modeller Tom Edwards spoke to Current+ on why our modelling predicted power prices were unlikely to reach pre-2021 levels this decade. Current+

  • Press Releases

    Volatile energy prices set to continue into 2030

    Research from Cornwall Insight has shown that conditions could be in place for volatile wholesale energy prices to continue into 2030 and beyond, unless the UK develops a long-term strategy to cope with changes in energy production and unstable economic, geopolitical, and ecological systems. Cornwall Insight’s Benchmark Power Curve, which...

  • Media Mentions

    Engerati | Wind pipeline misses target

    Our figures showing the total offshore wind capacity would reach only 29.7GW by 2030 was featured in Engerati Assuming all prospective sites with seabed leasing are built, the current pipeline will fall well short of the 40GW by 2030 target recently reiterated by government. In fact, this would start falling...

  • Media Mentions

    Bloomberg | UK EV demand

    Our thoughts on EV demand and how it would boost the whole EV supply chain was featured in Bloomberg today. Discussing the phase-out of fuel cars completely Jacob Briggs said that this would be positive signal for EV investment The increasing EV demand is a positive signal for the whole...

  • Media Mentions

    Current | GB could become a net exporter of power by 2040s

    Our modelling has predicted that Great Britain (GB) could become a net exporter of power to the continent by the 2040s. There is increased interconnection expected in the 2020s and 2030s between the island and the continent. And therefore, there will be more routes for excess offshore wind power to...

  • Media Mentions

    Energy Monitor | Investment flows

    Daniel Atzori Research Partner at Cornwall Insight discussed foreign direct renewable energy investment with Energy Monitor These numbers are certainly impressive, though not entirely surprising. Through its EU Green Deal and Recovery Fund, the bloc has shown a remarkable degree of commitment to the transition towards a climate-neutral Europe by...

  • Media Mentions

    CNN Business | 2030 offshore wind target

    Tom Edwards Senior Modelling Consultant at Cornwall Insight discussed the offshore wind target with CNN Business he explained that costs for offshore wind will decline further over time as development increases. While offshore wind farms cost about twice as much to set up as onshore wind farms, they produce a...

  • Media Mentions

    Icon | 46GW required to meet targets

    Forecasts from our ‘Benchmark power curve’ suggesting that up to ~46GW of new build renewable technology, ~11GW onshore wind, ~10GW solar and ~25GW offshore wind, may need to be developed by 2030 was featured in Icon. The net zero target is defining the shape of the future power market in...

  • Media Mentions

    PowerTechnology | More renewable technology required

    Research from our market and asset-level power price modelling service ‘Benchmark power curve’, predicting that up to ~46GW of new-build renewable technology ̶ ~11GW onshore wind, ~10GW solar, and ~25GW offshore wind may need to be developed by 2030 was featured in PowerTechnology today. The net zero target is defining...

  • Press Releases

    Forecasts show 46 GW increase of renewables technology capacity required by 2030

    Forecasts from Cornwall Insight’s ‘Benchmark power curve’ suggests that up to ~46GW of new build renewable technology  ̶ ~11GW onshore wind, ~10GW solar and ~25GW offshore wind  ̶  may need to be developed by 2030 to keep pace with 2050 net zero targets. This large-scale deployment of very low/zero marginal...