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energy
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Press Releases
Energy prices rise for SMEs as wholesale prices rise
In Q321, the average small and medium enterprise (SME) gas contract was priced at the highest values since Cornwall Insight records began in 2012 – reaching 4.98p/th for 1-year acquisition contracts that assume a 25MWh annual consumption. Research from Cornwall Insight’s Pricing in the SME gas and power markets report...
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Media Mentions
Current | Demand for flexibility
More than 1.3GW of flexibility may be required across the UK’s electricity grid next year. Especially, as the country accelerates the transition to renewable energy. We predict that the dynamic service, which supports the network during faults, will need 636MW of flexibility by 2021. Distributed network operator (DNO) Western Power Distribution...
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Media Mentions
reNEWS | Support for green tariffs
Our latest research has revealed that 38% of UK consumers claim to have renewable energy tariffs for their homes. Additionally, just over half (51%) expect to choose these the next time they change tariff. In partnership with Alpha Real Capital, the survey found 26% of respondents are prepared to pay...
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Media Mentions
Business Green | The energy white paper
Our CEO Gareth Miller shared his thoughts on the Energy White Paper with Business Green. The Energy White Paper maps out the biggest change to the energy markets since the Electricity Act of 1989. Many of the headlines will focus on policy for investment, and carbon pricing with plenty in that builds on the 10-point plan and National Infrastructure Strategy....
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Media Mentions
Current | Ten Point Plan
Robert Buckley Head of Relationship development shared his thoughts on the Prime Minister's ten-point plan. The energy industry and its customers have desperately needed clarity on how the government intends to meet its net zero goal. The Prime Minister’s announcement lays the scene for some big industry changes, and now...
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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...
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Media Mentions
Greentech Media | Renewables and market prices
Tom Edwards Senior Modelling Analyst shared his thoughts on renewables and why European power prices have yet to see a significant fall in Greentech Media. There are several reasons for this including renewables still account for a relatively small proportion of generation. Tom explains that there’s another, more important factor...
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Media Mentions
Daily Mail | Tonik Energy
Katie Hickford discussed Scottish Power taking on 130,000 customers from failed supplier Tonik Energy last week in the Daily Mail Acquisitions and mergers have been the biggest form of supplier growth. With 10 instances of trade sale events in the domestic supply market since January 2019. Alongside this was also 10...
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Media Mentions
Energy Monitor | Investment flows
Daniel Atzori Research Partner at Cornwall Insight discussed foreign direct renewable energy investment with Energy Monitor These numbers are certainly impressive, though not entirely surprising. Through its EU Green Deal and Recovery Fund, the bloc has shown a remarkable degree of commitment to the transition towards a climate-neutral Europe by...
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Media Mentions
CNN Business | 2030 offshore wind target
Tom Edwards Senior Modelling Consultant at Cornwall Insight discussed the offshore wind target with CNN Business he explained that costs for offshore wind will decline further over time as development increases. While offshore wind farms cost about twice as much to set up as onshore wind farms, they produce a...
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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...
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Media Mentions
Smart Energy International | Non-domestic energy market changing
Our research into the non-domestic energy supply market share featured in Smart Energy International. Molly Lloyd highlighted that we are currently seeing a changing market share landscape due to recent acquisitions. npower’s merger with E.ON Group will lead to changes in larger suppliers’ market share rankings. E.ON UK’s merger in...
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Press Releases
Cornwall Insight responds to confirmation that Together Energy has acquired Bristol Energy’s residential customers and brand
Commenting on the announcement that Bristol Energy’s customer base has been acquired by Together Energy, Ed Reed, Head of Training at Cornwall Insight, said: “It is a turbulent time in the retail energy space at the moment, particularly for municipal backed licensed suppliers as this confirmation has come only days...
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Media Mentions
Energy Live News | UK energy demand
James Brabben Wholesale Manager spoke to Energy Live news about the gradual rise in energy demand back up towards 2019 levels since July . He attributed the rise in demand for a few reasons. This includes the relaxing of lockdown measures and businesses opening back up. As well as the...
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Media Mentions
Current | Costs of renewables fall
Tom Edwards, Senior Modelling Consultant at Cornwall Insight spoke to current on the costs of deploying renewable electricity continuing to fall. He explained how the figures also show that hurdle rates for solar and wind have come down since the 2016 report, “while hurdle rates for traditional thermal technologies remain...
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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...
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Media Mentions
Insight Energy | Hydrogen could boost offshore wind
Our research on the focus on hydrogen potentially boosting offshore wind was featured in Insight Energy The total energy input needed for hydrogen production ranges from 190TWh in Consumer Transformation to 736TWh in System Transformation. The difference represents the potential scale of hydrogen use for heating and heavy-duty transport.There are...
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Media Mentions
The Guardian | Energy bills cut
Robert Buckley commented the Ofgem's default tariff cap reduction has lowered after wholesale energy market prices tumbled during the coronavirus pandemic. He explained the difference between the costliest deals on the market and the cheapest stood at £562 at the end of last month, meaning a “notable gap will remain”,...
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Media Mentions
reNEWS | Price cannibalisation
We were asked to comment on price cannibalisation in ReNews today. c Price cannibalisation is the “depressive influence on the wholesale electricity price at times of high output from intermittent, weather-driven generation such as solar, onshore and offshore wind”. reNEWS
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Media Mentions
The Guardian | Energy bill savings
Our predictions showing approximately a £100 fall in the price cap for this winter was featured in The Guardian today. This is following a record low energy market prices during the COVID-19 lockdown, according to analysts. We are expecting to see a significant decrease to the default price cap in...
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Media Mentions
Energy Global | Hydrogen and net zero
Our research on hydrogen and net zero was featured in Energy Global today. Speaking on the topic Lee explained that the total energy input needed for hydrogen production ranges from 190 TWh in Consumer Transformation to 736 TWh in System Transformation. The difference represents the potential scale of hydrogen use...
