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interconnector
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Press Releases
Increase in Irish exports raises long-term power price projections
Cornwall Insight has raised its long-term predictions for power prices in Ireland as a projected rise in interconnector exports and reduced imports pushes up demand and costs. Ireland’s first 2023 - ‘All-Island Power Market Outlook to 2030’ – which looks at data modelled in the first quarter of the year,...
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Media Mentions
Daily Mail | Fire at interconnector site
In the Daily Mail, Joe Camish, Senior Analyst at Cornwall Insight, discussed what a fire at an interconnector site in Kent means to consumers energy bills. Explaining what this means, Joe said that the price cap level could rise by 10 per cent when it is next updated in April...
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Media Mentions
The Daily Telegraph | French interconnection
Tom Edwards was quoted in The Daily Telegraph about the interconnection between France and the UK. Discussing if the UK could cope if France cut off its interconnection supply Tom said that while we could cope it would be more expensive. However, Tom explained that Brexit has already made power...
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Media Mentions
The Guardian | New wind power record
Due to Storm Bella, on Boxing Day, more than half of the country’s daily electricity came from wind turbines. However, the reliability of wind energy is a concern. Our research shows that the electricity system operator increased its reliance on gas-fired power plants by 20% in September compared with the...
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Media Mentions
Financial Times | National Grid issues
Tom Edwards Senior Modelling Consultant at Cornwall Insight comments on National Grid's warning for the second time in three week's featured in the Financial Times. National Grid warned that supplies of electricity in Britain are going to be stretched as fewer-than-expected power generators will be available at peak times, while...
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Media Mentions
Current | GB could become a net exporter of power by 2040s
Our modelling has predicted that Great Britain (GB) could become a net exporter of power to the continent by the 2040s. There is increased interconnection expected in the 2020s and 2030s between the island and the continent. And therefore, there will be more routes for excess offshore wind power to...
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Press Releases
Great Britain could become net exporter of power by 2040s
Interconnection with EU nations, regardless of trading arrangements post-Brexit, will continue to play a pivotal role in driving wholesale power prices and system flexibility in the future. Modelling of the GB and EU markets by Cornwall Insight shows that increased interconnection through the 2020s and 2030s could provide a route...
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Press Releases
Evaluating the T-3 Capacity Market auction
On Friday 31 January the EMR Delivery Body (National Grid ESO) published the provisional results of the T-3 Capacity Market (CM) auction for the delivery year 2022-23. The clearing price was £6.44/kW/year, the auction procured 45,058.8MW of de-rated capacity. Lee Drummee Analyst at Cornwall Insight takes a look at the...
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Press Releases
Pricing and renewables: estimating the new Celtic Interconnector use
Earlier this month Taoiseach Leo Varadkar and French President Emmanuel Macron signed a letter confirming plans to build a new 700MW Celtic Interconnector. With the looming context of Brexit, volatile energy prices and discussions about how to enable high volumes of renewables, Cornwall Insight Ireland has examined the likely flows...
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Press Releases
LNG changing the UK gas supply mix
The last quarter (Q119) saw a significant change to the UK’s gas supply mix, as the UK’s gas interconnector imports started to become displaced by a surge in LNG imports. Interconnector imports and LNG send-out have changed from 4.6% and 17.0% of total gas supply in February to 0.1% and...
