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COVID-19
-
Press Releases
COVID-19 impacts: decrease in energy demand
Research from Cornwall Insight highlights that a day after the government imposed lockdown, energy demand was down 13% across the day (Wednesday 25 March). This was much lower than the average Wednesday in March 2019, which is shown in the below graph. Tom Edwards Senior Modeller at Cornwall Insight said:...
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Press Releases
Cornwall Insight Ireland comments on the RESS-1 Qualification Application Closing Date extension
Commenting on yesterday’s announcement on the extension to the RESS-1 prequalification deadline, Ruth Young Training Consultant at Cornwall Insight Ireland, said: “Given the significant challenge that the ongoing COVID-19 crisis poses for RESS participants and EirGrid alike, it will have come as little surprise that the Minister has now agreed...
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Press Releases
Oil prices crash causes GB gas and power prices to go into freefall
Following the impacts of Covid-19 on global demand and oil price disputes between Russia and Saudi Arabia, Brent crude oil prices fell to a 17-year low of below $26/bl on 18 March 2020. The recent crash saw prices record the most significant daily loss since the end of the Gulf...
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Press Releases
Cornwall Insight comments on the effects of Coronavirus causing drop in oil price
Commenting on the effects of Coronavirus on the global oil price Joe Camish, Analyst at Cornwall Insight, said: “As a result of travel bans escalating and social restrictions imposed due to the Coronavirus worldwide, there has been a sharp fall in global oil demand. This has seen Brent crude oil...
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Press Releases
Oil price slump has the potential to lower energy bills
The price of crude oil has fallen by just over a third since last Thursday ($50/bl) following the apparent collapse of the production sharing deal between OPEC and Russia (OPEC+) due to an inability by the group to agree on a concerted response to the coronavirus outbreak. While there has...
