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customers
-
Press Releases
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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Press Releases
Almost half of energy suppliers have left the market
Research from Cornwall Insight's 'Domestic supplier insight service' show that while consolidation has been a market feature in recent years, 2021 now holds the record of the most supplier exits in one year. At the start of the year, we had 47 domestic suppliers - 5 large, 12 medium and...
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Press Releases
Gap between cheapest energy deals and price cap shrinks to the lowest ever level
Research from Cornwall Insight’s ‘Domestic tariff report’ highlights the level of savings made by a customer switching to a new energy tariff has reduced significantly. In fact, the difference between the ten cheapest tariffs and the current default tariff cap for September 2021 stands at just £11/year, compared to £291/year...
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Press Releases
900,000 domestic customers impacted by SoLR over the last two years
Analysis by Cornwall Insight shows that 1.7% of customers in the retail energy market have been with suppliers subject to the Supplier of Last Resort mechanism (SoLR) process. Between 2020 and 2019, 887,000 domestic customers were supplied by a company that exited the market via SoLR, and in 2021 alone,...
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Press Releases
More than 65% of households are now supplied by green energy companies
According to the latest research from Cornwall Insight, households with ‘green’ suppliers – those only offering electricity tariffs backed by Renewable Energy Guarantee of Origin (REGOs) certificates – rocketed from less than 20% in 2017 to 65% 2021. This percentage would be even higher if green tariffs from suppliers that...
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Press Releases
Price cap predicted to rise by over £100/year
The latest forecast from Cornwall Insight indicates that the default tariff price cap will increase by more than £100 for the Winter 2021-22 cap to around £1,250 per year for a typical dual fuel direct debit customer – from its current level of £1,138. Dr. Craig Lowrey, Senior Consultant at...
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Press Releases
Electricity policy costs disincentivise the household transition to low carbon technologies
The application of policy costs onto the electricity bill is a significant disincentive to electrify and transition to newer low-carbon heating technologies, according to a new insight paper from Cornwall Insight - Who pays for supporting the net zero transition? Funded through customer electricity bills The costs of decarbonising the...
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Media Mentions
Daily Mail | Tonik Energy
Katie Hickford discussed Scottish Power taking on 130,000 customers from failed supplier Tonik Energy last week in the Daily Mail Acquisitions and mergers have been the biggest form of supplier growth. With 10 instances of trade sale events in the domestic supply market since January 2019. Alongside this was also 10...
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Press Releases
Cornwall Insight comments on Ofgem’s price cap announcement
Commenting on Ofgem’s announcement of the default price cap falling by 7% to £1,042 per year for the six months effective from 1 October 2020, Robert Buckley, Head of Relationship Development at Cornwall Insight, said: “This is a dramatic reduction and sees the price cap fall to its lowest level...
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Press Releases
Higher energy bills likely due to the Saudi oil attacks
Confirmation from the Saudi Arabian energy minister that drone strikes had reduced the country’s oil output by around half is set to resonate across the energy markets, raising the prospect of higher energy bills for customers. Early trading today has seen the price of oil increase from $60.22/bl to $71.95/bl...
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Press Releases
The gap between fixed and standard variable tariffs expected to rise
The latest analysis from Cornwall Insight shows, that when the price cap rises to £1,254/year on the 1 April, the difference between the price cap and the cheapest average tariff will increase significantly. In addition, as all the larger suppliers have announced standard variable tariff (SVT) rises in line with...
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Press Releases
Price cap rising today but is predicted to fall in October
Today, Ofgem announced the price cap will increase by £117 to £1,254. Cornwall Insight’s tariff cap predictor (graph below) was forecasting a new cap level of £1,250 back in November 2018 only £4 out. However, with wholesale cost pressure starting to fall Cornwall Insight’s early predictions for winter 2019 show...
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Press Releases
Pixie Energy comments on: Citizen Advice Scotland’s energy switching figures
Pixie Energy looks further into the ‘huge variation’ in energy switching in Scotland. With figures* showing that residents of local authorities in the north of Scotland tending to switch energy supply far less frequently than elsewhere in Scotland. In fact, Pixie Energy’s research into these figures show that of the...
