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Energy Bill Relief Scheme
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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 responds to the Autumn Statement
Dan Atzori, Research Partner at Cornwall Insight: “The energy announcements from the government's Autumn Statement today will be felt across households, businesses and throughout the UK energy market. “The extension of the Energy Price Guarantee (EPG) from April 2023, albeit at the higher £3,000 per year for an average consumer,...
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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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Press Releases
Response to the domestic Energy Price Guarantee announcement
The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Following the announcement that the domestic Energy Price Guarantee (EPG) will come to an end in April 2023, Cornwall Insight has released approximate Price Cap forecasts for...
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Press Releases
Government business energy scheme will cost up to £25bn
Robert Buckley, Head of Relationship Development at Cornwall Insight said: "The new government scheme will bring significant relief to many businesses and public sector organisations as they try to navigate the unprecedented energy rises. Economically it was important that government took action. "The reduction in energy costs will be substantial....
