energy crisis

  • Media Mentions

    City AM| Windfall tax on renewable generators

    A windfall tax on renewables generators would be disproportionate Matthew Chadwick a Lead Research Analyst at Cornwall Insight told City AM. With renewables having made significantly lower profits and being vulnerable to higher interest rates, a windfall tax could harm the roll out of renewables across the country, damaging net...

  • 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...

  • Media Mentions

    Eastern Daily Press| Norfolk Business Awards

    An interview with our CEO Gareth Miller was featured in the EDP after Cornwall Insight won the Outstanding Achievement Award at the Norfolk Business Awards. Gareth spoke about the honour of winning such an award, what makes Cornwall Insight stand out and our plans for the future. EDP

  • Media Mentions

    Guardian| Energy Price Guarantee

    Craig Lowrey a Principal Consultant at Cornwall Insight was featured in the Guardian speaking on our latest price cap predictions for April, and why this means the EPG needs to be extended. Guardian

  • 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

  • Media Mentions

    Times| Gas-fired generators

    Tom Edwards, a Senior Modeller at Cornwall Insight gave his insight to the Times on gas-fired generators being spared the windfall tax and why more expensive, inefficient gas plants were the ones setting the power prices. Times

  • Media Mentions

    Guardian| Cost of the Energy Price Guarantee

    Cornwall Insight released our forecast on the costs the government may face by freezing energy prices at £2,500 for all consumers. Our CEO Gareth Miller, spoke on the chance the government was taking by introducing the Energy price Guarantee Guardian

  • Media Mentions

    Guardian| Hydrogen could add costs to household bills

    Cornwall Insight warned that using hydrogen for domestic heating could be very expensive, with the Guardian reporting on our joint report with renewable energy charity MCS Foundation. Our Senior Consultant Jitendra Patel, spoke on why it is simply uneconomical to use 100% hydrogen for household energy. Guardian

  • Media Mentions

    Politics East| Energy Price Guarantee

    Our CEO Gareth Miller was a guest on Politics East, discussing the new Energy Price Guarantee and what this means for domestic and non-domestic consumers. Politics East

  • Media Mentions

    Telegraph| Energy Bill Relief Scheme

    Our Head of Relationship Development Robert Buckley spoke to the Telegraph on the newly announced energy bill support for businesses. He warned that while the short-term fix was welcome, the government must make longer-term reform of the energy industry a priority. Telegraph

  • Media Mentions

    Current+| Business energy crisis could raise inequality

    A paper by Cornwall Insight warned of the inequality that increasing energy costs could cause, with industries typically included in the government's levelling up agenda being the worst hit. Naomi Potter, a Lead Analyst at Cornwall Insight, called for intervention by the government to lower costs and protect small and...

  • Media Mentions

    Times| Power plant gas subsidies

    Our CEO Gareth Miller spoke in the Times on how providing subsidised gas for power stations could reduce energy bills by billions of pounds. With most interventions in the energy market looking at energy retailers, changes which looked at generation had been left out of the discussion, however they have...

  • Media Mentions

    Independent| Decade of higher energy bills

    Senior Modeller Tom Edwards, spoke on our Benchmark Power Curve which forecast power costs to be above pre-2021 levels for the next decade. However the dip in power prices from 2024 up to 2030, shows that markets and governments are investing in renewables as a response to the current higher...

  • Media Mentions

    FT| Energy Prices to stay high until 2024

    Cornwall Insight warned that the price cap was likely to remain significantly above £3,000 until 2024, with Cornwall Insight's Craig Lowrey being the first to predict the longevity of the increased prices. FT

  • Media Mentions

    Radio 4 Today Programme | Business energy prices

    Robert Buckley, our Head of Relationship Development, spoke on the concerns facing business energy prices, which he said could be five, six or seven times more than current contracts when they were renewed in October. The importance of considering energy efficiency measures was emphasised. Daily Mail - Quotes from Radio...

  • Media Mentions

    iNews| Electricity demand during unprecedented heatwave

    Research from Cornwall Insight showed that electricity system margins in Great Britain were very tight during the record-high temperatures seen earlier this week, with demand close to overtaking supply. Analyst Luke Ansell spoke to iNews on how the inefficiency of generation and supply, caused the electricity market to become incredibly...

  • Media Mentions

    Mirror | Price cap to reach £3,300

    New predictions on the price cap from Cornwall Insight make for bleak reading, with disrupted gas supplies from Russia causing spikes in gas prices. Our Principal Consultant told the Mirror there was unlikely to be much movement with the setting of the October cap only one month away. Mirror

  • Media Mentions

    City AM| Windfarms delay contracts

    Data collated by Cornwall Insight showed that offshore windfarms delaying the start of their CfD contracts with the government, could have made significantly greater profits since the start of 2022. Analyst Lee Drummee, spoke in City AM on why allowing for conscious delays from developers could be harming returns the...

  • Media Mentions

    Guardian| Energy Price Cap could reach £3,000

    With the geopolitical events in Russia causing significant barriers to energy flows and raising wholesale gas prices, Principal Consultant Dr Craig Lowrey warned consumers that in January, an average customer may be facing a bill over 50% more than the existing cap. Guardian

  • Media Mentions

    Telegraph| Rough natural gas storage site

    In an attempt to help ease the energy crisis, Centrica the owners of Rough gas storage started a conversation with the Secretary of State for Business, Energy and Industrial Strategy on the potential for reopening of the site. Senior Modeller Tom Edwards, spoke to the Telegraph on why this may...

  • Press Releases

    Windfall taxes are not the only solution to the energy crisis  

    Following the announcement from the Chancellor of the Exchequer that the UK government will be introducing a temporary, targeted energy profits levy, Dr Dan Atzori, Research Partner at Cornwall Insight said: “The energy market is in a state of transition, with geopolitical concerns threatening to undermine energy security and subsequent...

  • Press Releases

    Cornwall Insight responds to the publication of the energy strategy

    Gareth Miller, CEO at Cornwall Insight said: “The Energy Security Strategy is a very political document that raises as many questions as it answers. There are clear favourites and as much can be read in to what is in the Strategy as what is not. 15 months on from the...

  • Press Releases

    Volatile energy prices set to continue into 2030

    Research from Cornwall Insight has shown that conditions could be in place for volatile wholesale energy prices to continue into 2030 and beyond, unless the UK develops a long-term strategy to cope with changes in energy production and unstable economic, geopolitical, and ecological systems. Cornwall Insight’s Benchmark Power Curve, which...

  • Media Mentions

    Energy Monitor | The energy crisis and net zero investment

    An article written, by Daniel Atozri, Research Partner at Cornwall Insight featured in Energy Monitor. In the article Daniel discusses how the high volatility of wholesale prices and turbulence in the energy supply market could discourage investors looking for stable returns and cashflows. He explained that there is a risk...

  • Press Releases

    Net zero investment needs to be protected through the energy crisis

    According to Cornwall Insight, the ongoing energy crisis in the UK supply market has possible spill-over effects for the wider net zero transition. Therefore, focusing on how best to maintain investor resilience should be a critical part of the current response. How the crisis is affecting investors? The large swing...

  • Press Releases

    Summer 2022 price cap predicted to rise to £1,455

    Despite the Winter 2021-22 default tariff price cap being a new record at £1,277, the latest forecast from Cornwall Insight modelling indicates that the Summer 2022 cap will see a further increase of approximately 14% increase against the Winter 2021-22 cap – taking the Summer 2022 cap to £1,455 per...

  • Media Mentions

    The Guardian | Price cap rising

    Our research predicting a rise to the summer default tariff, was featured in The Guardian. Talking about the research Craig Lowrey, Senior Consultant at Cornwall insight explained that the recent high wholesale price would feed into the price cap potentially increasing it by 14% to £1,455 a year for a...

  • Media Mentions

    The Daily Telegraph – Energy crisis intensifies

    Tim Dixon spoke to The Daily Telegraph about the mounting energy crisis seen in Great Britain. Explaining why we are seeing high wholesale prices Tim said gas storage levels across Europe are well below levels we would expect them to be heading into a winter season There is still uncertainty...

  • Media Mentions

    BBC News | high gas prices

    Robert Buckley, Head of Relationship and Development, disscussed high wholesale gas prices and how it will affect customers on the BBC. Robert explained that prices for power that is needed immediately are at all-time highs - 10 times the costs of last summer. He said that consumers would see these...