electrification

  • Press Releases

    The Economic Viability of Decarbonisation by Electrifying Heat

    A new report from Cornwall Insight, sponsored by the Confederation of Paper Industries (CPI), has outlined the challenges that energy intensive industries (EIIs) face in decarbonising their heat supply, typically natural gas-powered, when seeking to switch to grid-supplied electricity. This new report - Addressing the Cost of Electrification' - provides...

  • Press Releases

    Embracing off-peak electricity use and home generation could save billions in energy costs

    New analysis from Cornwall Insight and Smart Energy GB has revealed the substantial cost-saving potential of household flexible electricity initiatives such as time-of-use tariffs, smart meters, solar PV, and batteries. The data reveals national wholesale and system electricity costs could be cut by an annual £4.6bn in 2030 and £14.1...

  • 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...

  • 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

    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...

  • Press Releases

    Cost of grid supplied electricity making decarbonisation of heat generation unviable says joint report

    Cornwall Insight and the Confederation for Paper Industries (CPI) have today released a joint report examining the barriers energy intensive industries are facing in their attempts to decarbonise their heat supply. The report, while focusing on paper industries, reflects the experience many energy intensive industries are facing as they look...

  • Press Releases

    EVs are predicted to increase electricity demand by 71.6TWh

    The latest figures from Cornwall Insight’s ‘Benchmark power curve’ forecasts that by 2040 EVs will contribute an additional 71.6TWh, this is a massive 31 times higher than the current level of demand for electricity from electrified transport and 25% of current annual demand which stands at 299TWh (excluding losses). According...

  • Press Releases

    Electrifying your fleet? We look at three battery electric vehicles

    We conducted research into the Society of Motor Manufacturers and Traders (SMMT) vehicle registration data. We found that Battery Electric Vehicles (BEVs) in 2020 have already grown 76.1% on the whole of 2019. Katie Hickford, our Analyst said that during COVID-19 lockdown there has been a backlog of already ordered...

  • Media Mentions

    Renewable Energy Magazine | Market design

    Issues around the current electricity market design acting as a barrier to investment are explored in our latest insight paper – The net zero paradox: Challenges of designing markets to bring forward low marginal cost resources and featured in Renewable Energy Magazine. Inevitably, as we head closer towards a net zero...

  • Media Mentions

    GreenTech media | Europe’s Supergrid Plan

    Daniel Atzori Research Partner at Cornwall Insight discussed Europe's Supergrid plan. Daniel explained that the SuperNode idea might also be hard to get off the ground. The advantages of the SuperNode are that it adopts a holistic, pan-European and collective approach to the electrification of the continent.Daniel Atzori, Research Partner...

  • 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...