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EBRS
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Press Releases
Businesses facing up to 133% electricity bill rise for fixing at market peak
Data from Cornwall Insight’s Delivered Electricity Cost forecaster has shown businesses that fixed their energy contracts at the peak of the energy market last year1, could be facing up to a 133% rise in bills from April. The figures, which represent a worst-case scenario2, demonstrate how high wholesale prices at...
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Media Mentions
Montel News| EU gas storage
Following the release of Cornwall Insight's Insight paper on EU gas storage levels, Lead Research Analyst Matthew Chadwick featured in Montel News, to discuss the positive news that gas storage levels were rising and likely to be nearly full by September. Montel News
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Media Mentions
Sky News Online| Price cap and the EPG
Ahead of the announcement of April's price cap, our Principal Consultant Dr Craig Lowrey cautioned that the announcement of a lower price cap by Ofgem would not prevent an increase in bills if the government proceeded with its plan to raise the EPG to £3,000 starting in April. Sky News...
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Media Mentions
Telegraph| Switching energy suppliers
As energy prices start to come down, Cornwall Insight told the Telegraph this may mean the return of more competitive energy tariffs. Senior Consultant Kate Mulvany said that millions of families may be able to switch energy supplier and reap the benefits of savings that they had been missing out...
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Press Releases
Long-term regulatory and policy changes needed to avoid stalls to business decarbonisation
A new report from Cornwall Insight has set out a range of regulation and policy changes the government could examine if it wants to avoid a slowdown or stalling of business investment in decarbonisation. The report “Business net zero: Making progress in a challenging economy” warns that against a backdrop...
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Press Releases
Cornwall Insight’s response to the announcement of the Energy Bill Discount Scheme
Gareth Miller, CEO at Cornwall Insight said: “Yesterday, the government announced that the Energy Bill Relief Scheme (EBRS) would be replaced by a less supportive Energy Bill Discount Scheme (EBDS) from April 2023. The government have been managing expectations on reducing support levels for business energy costs for several months...
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Media Mentions
Current+| Cost of charging EVs
Oliver Archer Lead Analyst at Cornwall Insight was quoted in trade publication Current+ discussing the rising costs of charging EVs on the public network. He explained that although the Energy Bill Relief Scheme has provided charge point operators with some respite, it only applied to the wholesale elements of the...
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Press Releases
Charge point operators facing uncertain future when government support scheme ends in April
The energy crisis has pushed up the price of charging electric vehicles (EVs) on the public network, leaving both rapid and ultra-rapid charging, on average, significantly more expensive than refilling a petrol or diesel car. The government’s Energy Bill Relief Scheme (EBRS) has brought a six-month reprieve to business customers,...
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Media Mentions
ITV| Energy Price Guarantee
Gareth Miller CEO at Cornwall Insight spoke to ITV on the domestic support the government were putting in place to help households with their bills. He also mentioned the vital support needed from the government to help businesses, which would need to be reviewed rapidly. ITV
