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europe
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Press Releases
Germany to miss coal phase-out target by eight years
Germany's energy system is not expected to fully retire coal until the end of 2038 according to new projections. This challenges the coalition government’s commitment to phase-out coal by the end of the decade. The modelling, from Cornwall Insight’s North West Europe Benchmark Power Curve, casts doubt on Germany’s energy...
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Press Releases
European LNG supply under pressure amid escalating competition and price surge
A new report from Cornwall Insight has exposed the challenges facing Europe's Liquified Natural Gas (LNG) supply, as growing competition from China and price rises increase pressure on the gas market. The analysis, focusing on LNG security over the upcoming winter, highlights that heightened Chinese gas demand, driven by economic...
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Press Releases
UK EV growth trails behind most of Europe
New analysis has revealed that Battery Electric Vehicle (BEV) growth in the UK is falling behind most of Europe, with growth just half of the continental average. This comes as a delay on the ban of new petrol and diesel car sales threatens to slow the BEV transition further. The...
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Press Releases
UK recognised as one of Europe’s top countries for Electric Vehicles
The UK has been ranked the 5th most attractive European country for Electric Vehicle (EV) market potential, according to the Electric Vehicle Country Attractiveness (EVCA) Index. The new Index developed by Cornwall Insight and law firm Shoosmiths identifies a range of factors1 from purchase subsidies to national EV charging targets...
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Press Releases
Europe’s gas storage levels forecast to finish winter higher than 2020
Modelling from Cornwall Insight suggests European gas storage levels will end this winter between 45-61% full, with an average of 55% and could reach 88-100% full by September 2023. The data, included in our insight paper ‘Crisis behind, challenge ahead: European gas storage levels for 2023’ shows this would be...
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Press Releases
Winter 2023-24 price cap forecasts fall further below 2022-23 EPG, but long-term prospects remain uncertain
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. The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bill predictions for a typical household1 have fallen to £3,208...
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Press Releases
European gas shortages to keep wholesale prices high this winter and next
New modelling from Cornwall Insight included in our report - ‘Another winter of discontent?’ - has shown wholesale gas prices this December have more than doubled since November and are significantly higher than this time last year. The report forecasts this trend could continue throughout the winter and beyond (Figures...
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Press Releases
Renewables developers forced to raise project bids to protect themselves against financial risks
Cornwall Insight and Wind Energy Ireland analysis has found that renewable developers in Ireland are being forced to place auction bids for projects which significantly exceed many other European countries, in order to protect themselves against several financial risks. In turn increasing consumer bills and potentially impacting the scale of...
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Press Releases
Jump in energy prices leaves price cap predictions at over £2,900 a year
Today’s significant rise in the price of wholesale gas has once again sent predictions for the Winter Default Tariff Cap rocketing upwards, with Cornwall Insight now predicting the cap will rise in October to over £2,900 a year for an average user. The price cap has been extremely volatile over...
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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...
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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
S&P Global Market Intelligence | European wind developers
James Brabben Wholesale Manager at Cornwall Insight talked to S&P Global about the wind developers in Europe. He explained that 20 projects in the UK with a combined capacity of 665 MW have applied to either extend sites with additional turbines or replace existing machines with larger models. The time...
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Press Releases
COVID-19 impacts: Energy demand and emissions across Europe
Research from Cornwall Insight has investigated the impact on the daily average electricity demand and carbon emissions across five European countries during the four weeks from 23 March – the commencement of lockdown in the UK. Overall, all five markets - Great Britain, France, Germany, Italy and Spain have seen...
