government

  • Press Releases

    Cornwall Insight responds to the Government’s announcement on UK energy security

    Kate Mulvany, Principal Consultant, at Cornwall Insight said: “Today’s consultation gets the UK one step closer to a secure and future-proofed energy landscape. Bolstering national power infrastructure and ensuring energy security will not only help insulate future bill-payers from global uncertainties, but also foster a sustainable path towards net zero....

  • Press Releases

    Higher strike prices set stage for more competitive renewables auction

    Commenting on the publication by the government of the rise in Administrative Strike Prices (ASPs) for the Contract for Difference Allocation Round 6: Tim Dixon, Senior Consultant, at Cornwall Insight: “The government's decision to boost strike prices ahead of next year’s renewables auction is a significant enhancement that will be...

  • Press Releases

    Proactive investment and planning rule reform needed to strengthen energy network

    Cornwall Insight’s response to the King's Speech announcing the government's intent to reform energy grid connections. Tom Faulkner. Head of Assets & Infrastructure and Networks at Cornwall Insight: “The government’s commitment to reforming energy grid connections is a crucial first step, but getting network reforms right is a complicated task....

  • Press Releases

    Market reforms could shield consumers from high electricity bills

    Reforming the electricity market is essential to delivering a cost-effective, stable, net zero-ready energy system, according to a new report published today.   The document, Transforming the energy market: how change will work for consumers, which is a joint venture between Cornwall Insight and the MCS Charitable Foundation, urges the government...

  • 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    The predictions for the Default Tariff Cap in this piece are out of date please click HERE to find our most up to date forecasts.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

    Government will struggle to meet 2025 smart meter target

    Data from Cornwall Insight on domestic energy supply has revealed that the government is likely to face a considerable hurdle in achieving its goal of 100% smart meter coverage by 2025. The smart meter analysis, which also looks at supplier installation figures and the annual tolerance levels1 set by BEIS,...

  • Press Releases

    Cornwall Insight responds to the Spring Budget

    Robert Buckley, Head of Relationship Development at Cornwall Insight: “Once again, a UK budget has seen some significant energy policy announcements that will stir up conversation and opinion across the country. It also shows how reining in energy prices is seen as key to restraining inflation. “The pre-budget announcement to...

  • Media Mentions

    Current+| REMA Consultation

    On 8th March the government published it's REMA consultation summary. In response our Head of Assets & Infrastructure and Networks Tom Faulkner discussed why genuine reform of the energy market could only be accomplished through a structural transformation of the current market arrangements. Current+

  • Press Releases

    Cornwall Insight’s response to the publication of the REMA consultation summary

    The government has today published the summary of responses received from its Review of Electricity Market Arrangements (REMA) consultation. The responses received showed the industry has expressed strong support (92% agreement) for energy market reform that prioritises decarbonisation, security of supply, and cost-effectiveness. Respondents also agreed that the current market...

  • Press Releases

    Cornwall Insight responds to the announcement of the April 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. Dr Craig Lowrey, Principal Consultant at Cornwall Insight said: “Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall to an average £3,280...

  • Press Releases

    Cornwall Insight responds to the announcement of the January 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. Craig Lowrey, Principal Consultant at Cornwall Insight said: “The Energy Price Guarantee (EPG) will shield consumers from the January price cap of £4,279 announced by Ofgem today,...

  • Press Releases

    Cornwall Insight responds to the Autumn Statement

    Dan Atzori, Research Partner at Cornwall Insight: “The energy announcements from the government's Autumn Statement today will be felt across households, businesses and throughout the UK energy market. “The extension of the Energy Price Guarantee (EPG) from April 2023, albeit at the higher £3,000 per year for an average consumer,...

  • 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

    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

  • Press Releases

    Response to the domestic Energy Price Guarantee announcement

    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. Following the announcement that the domestic Energy Price Guarantee (EPG) will come to an end in April 2023, Cornwall Insight has released approximate Price Cap forecasts for...

  • 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

  • Press Releases

    Energy Price Guarantee could cost the Government between £72bn – £140bn

    Modelling from Cornwall Insight has forecast the two-year cost of the Energy Price Guarantee (EPG) to be between £72bn in the lowest case scenario, and £140bn in the extreme high case scenario1. The data included in our new EPG report ‘Counting the Costs’, shows a near doubling of the forecasts...

  • Press Releases

    Government business energy scheme will cost up to £25bn

    Robert Buckley, Head of Relationship Development at Cornwall Insight said: "The new government scheme will bring significant relief to many businesses and public sector organisations as they try to navigate the unprecedented energy rises. Economically it was important that government took action. "The reduction in energy costs will be substantial....

  • Press Releases

    Cornwall Insight responds to the government energy announcement

    Gareth Miller, CEO at Cornwall Insight said: “Cornwall Insight welcomes the government’s objective to address the affordability of energy for both domestic and business consumers in the UK. The policy announcements made today will alleviate some of the hardship consumers have been concerned about for many months.   “On the...

  • Press Releases

    Price cap forecasts for January rise to over £4,200 as wholesale prices surge again and Ofgem revises cap methodology

    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 for the January Default Tariff Cap (price cap) from Cornwall Insight have risen by over £6501, meaning a typical household is now predicted to pay...

  • Press Releases

    The UK must provide more certainty to investors as it pushes forward with decarbonisation and energy security

    New research from Cornwall Insight and Transatlantic law firm Womble Bond Dickinson has laid out what the UK government must do to achieve an affordable, sustainable and secure energy system and reach its goal of Net Zero by 2050. The report ‘UK and the energy transition: Leading the way?’ analysed...

  • Press Releases

    Cornwall Insight’s response to the Queen’s Speech

    Gareth Miller, CEO at Cornwall Insight:   ”The Energy Bill proposed in the Queen’s Speech today is a logical conclusion of policy development in the period since the net zero commitment was made in the summer of 2019. It accommodates support for the government’s preferred production technologies alongside more recent...

  • Press Releases

    Winter price cap predicted to rise by over £500

    Prior to the Spring Statement, we at Cornwall Insight are releasing our latest predictions for the Winter 2022-23 and Summer 2023 default tariff caps. The figures, calculated on 18 March, show a significant drop from earlier in the month, with the Winter cap now predicted to be £2,512, a fall...

  • 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....

  • 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...