BPC

  • Press Releases

    Germany to miss coal phase-out target by eight years

    Germany's energy system is not expected to fully retire coal until the end of 2038 according to new projections. This challenges the coalition government’s commitment to phase-out coal by the end of the decade. The modelling, from Cornwall Insight’s North West Europe Benchmark Power Curve, casts doubt on Germany’s energy...

  • Press Releases

    GB power prices to remain high despite drop in short-term forecasts

    Cornwall Insight have cut their short-term power market price forecast by 12%, with average costs for 2024 now predicted to be £113 per MWh1. The decrease in electricity price predictions is attributed to the higher than expected gas reserves in Europe, lowering fears of shortages this winter. The data, included...

  • Press Releases

    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...

  • 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

    Increase in energy exports to the continent raises long-term GB power price predictions

    Cornwall Insight's latest report on the GB Power Market Outlook to 2030 has seen a rise in our projections for power prices in the latter half of the decade. Estimates indicate that prices are likely to remain above £100/MWh until 2030 and likely beyond. The predictions, from data modelled in...

  • Press Releases

    Average power prices to remain elevated for the next three years

    Data from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1 has forecast that from 2026, power prices in a neutral/base scenario will be, on average, ~$60-$100/MWh across all states in the National Electricity Market (NEM). This aligns with ~$40-80/MWh levels seen during 2021. The BPC has, however, forecast that the annual...