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energy suppliers
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Press Releases
Businesses could see energy bills increase fivefold in October
Businesses in the UK will see their energy bills rocket when new contracts are negotiated in October1 according to data from Cornwall Insight. Some will face bills five times their current price, as concerns over Russian gas supply, tight electricity markets in Europe, and a global disruption to Liquified Natural...
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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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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...
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Press Releases
Price cap rising to the highest level with further rises on the horizon
Commenting on today’s Ofgem announcement that the default price cap would increase by £139 to £1,277 for the six months effective from 1 October 2021 for a typical domestic customer, Craig Lowrey, Senior Consultant at Cornwall Insight, said: “Despite serving as a means by which to curtail cost increases, the...
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Press Releases
The gap between cheapest energy fixed tariff and price cap narrows
Research from Cornwall Insight’s ‘Domestic supplier insight service reveals the gap between the cheapest tariff on the market and the default tariff price cap has reduced to its lowest level since February 2019, standing at £219/year. This is 40% less than at the end of April 2020 when it was...
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Media Mentions
Bloomberg | UK EV demand
Our thoughts on EV demand and how it would boost the whole EV supply chain was featured in Bloomberg today. Discussing the phase-out of fuel cars completely Jacob Briggs said that this would be positive signal for EV investment The increasing EV demand is a positive signal for the whole...
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Press Releases
Shake-up in energy suppliers domestic market share
Research from Cornwall Insight’s 'Domestic market share survey' for the third quarter of 2020 reveals a shake-up of the energy retail landscape, following a spate of mergers and acquisitions. The impact of these acquisitions is shown in the below graph. Findings from the Domestic market share survey: Octopus Energy enters...
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Press Releases
Challenger energy suppliers join the “Big Six”
Research from Cornwall Insight’s Domestic market share survey for the first quarter of 2020 shows a shake-up of the rankings that is unprecedented in the survey since its launch. The completed merger of OVO Energy and SSE and organic growth from Bulb have seen the names of challenger brands sit...
