forecast

  • Media Mentions

    Irish Times| Electricity prices to fall

    Following the release of our All-Island Forward Curve our Senior Modeller Sarah Nolan spoke in the Irish Times, on why higher than anticipated gas storage in Europe is forecast to push down power prices over the next year. Irish Times

  • Media Mentions

    Radio 4 Today| October price cap forecast

    Following the release of our final price cap predictions for October, our Senior Consultant Kate Mulvany was interviewed on Radio 4's Today Programme. She spoke on the upcoming cap, what bills could look like going through 2024 and what consumers need to consider when looking at new tariffs. Radio 4...

  • Media Mentions

    City AM| Energy Bill Support

    Our Principal Consultant Dr Craig Lowrey spoke in City AM on the financial relief that the government and wider industry should be looking to provide consumers, given energy bills were predicted to stabilise well above pre-energy crisis levels. He also emphasised that the government needed to keep a focus on...

  • Media Mentions

    The Times| Long-term energy forecasts

    The Times featured our Benchmark Power Curve forecast, revealing that energy prices were projected to remain elevated until the late 2030s, as stated by Tom Edwards, Senior Modeller at Cornwall Insight. In his conversation with The Times, Edwards explained that factors such as escalating power demand, growing exports, and dependence...

  • Press Releases

    Cornwall Insight release final forecast for July price cap

    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts. Cornwall Insight has announced its final forecast for the Q3 2023 Default Tariff Cap (price cap) following the closure of the observation window1 on 18 May. Based...

  • Press Releases

    Increase in energy exports to the continent raises long-term GB power price predictions

    Cornwall Insight's latest report on the GB Power Market Outlook to 2030 has seen a rise in our projections for power prices in the latter half of the decade. Estimates indicate that prices are likely to remain above £100/MWh until 2030 and likely beyond. The predictions, from data modelled in...

  • Press Releases

    Increase in renewables sees winter energy prices drop below historic average by 2027

    Data from Cornwall Insight Ireland’s third 2022 - ‘All-Island Power Market Outlook to 2030’ - has forecast Ireland is set to reach its 80% renewable target by 2030, with the increased energy security helping to stabilise the market and lower long-term energy prices. The report covering both Northern Ireland and...

  • Press Releases

    Default Tariff Cap forecast climbs further as Ofgem announcement looms

    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. New forecasts from Cornwall Insight have seen the Default Tariff Cap for Q1 2023 (Jan-Mar) rise to £3,363 a year for an average domestic consumer, increasing significantly...

  • Press Releases

    Cornwall Insight comments on its January Default Tariff Cap forecast rising to £3,000 for a typical user

    Data reported on Monday evening (20/06) from Cornwall Insight forecast that the Default Tariff Cap for Q1 2023 (Jan-Mar) will rise to £3,003 per year for a typical user, with the last quarter of 2022 Q4 (Oct-Dec) predicted to be £2,980. The rise means an average household will pay just...

  • Media Mentions

    PowerTechnology | More renewable technology required

    Research from our market and asset-level power price modelling service ‘Benchmark power curve’, predicting that up to ~46GW of new-build renewable technology ̶ ~11GW onshore wind, ~10GW solar, and ~25GW offshore wind may need to be developed by 2030 was featured in PowerTechnology today. The net zero target is defining...

  • Press Releases

    Analysing wind forecasting in the Irish energy market

    It is expected that Ireland will see greater penetration of wind generation in the next 20 years. According to the Tomorrow Energy Scenarios (TES) installed capacity forecast Ireland will have between 6GW to 8.2GW by 2040. With wind generation growth set to continue, forecasting wind accurately will become increasingly important....

  • Press Releases

    Capacity Market in oversupply but predicted to balance out by mid-2020s

    Earlier this month, Secretary of State for Business, Energy and Industrial Strategy Greg Clark wrote to the Delivery Body to update the target procurement volumes to 2.7GW, from the 4.6GW initially recommended in 2018, for the replacement T-1 2019-20 capacity auction that is due to be held in June. This...